Oppenheimer & Co. Inc. Has $238,000 Position in F5 Networks, Inc. (FFIV)

Oppenheimer & Co. Inc. reduced its position in F5 Networks, Inc. (NASDAQ:FFIV) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,875 shares of the network technology company’s stock after selling 25 shares during the period. Oppenheimer & Co. Inc.’s holdings in F5 Networks were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of FFIV. BlackRock Inc. lifted its stake in shares of F5 Networks by 2,108.1% in the 1st quarter. BlackRock Inc. now owns 4,404,873 shares of the network technology company’s stock valued at $628,003,000 after purchasing an additional 4,205,384 shares during the period. Morgan Stanley lifted its stake in shares of F5 Networks by 171.1% in the 1st quarter. Morgan Stanley now owns 829,117 shares of the network technology company’s stock valued at $118,207,000 after purchasing an additional 523,250 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of F5 Networks by 3,947.5% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 366,821 shares of the network technology company’s stock valued at $52,298,000 after purchasing an additional 357,758 shares during the period. Vanguard Group Inc. lifted its stake in shares of F5 Networks by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 6,400,279 shares of the network technology company’s stock valued at $912,487,000 after purchasing an additional 168,528 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in shares of F5 Networks by 352.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 211,895 shares of the network technology company’s stock valued at $26,874,000 after purchasing an additional 165,026 shares during the period. Hedge funds and other institutional investors own 96.50% of the company’s stock.

In other F5 Networks news, EVP Benjamin Gibson sold 3,262 shares of F5 Networks stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total value of $382,469.50. Following the completion of the sale, the executive vice president now owns 815 shares in the company, valued at approximately $95,558.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ryan C. Kearny sold 836 shares of F5 Networks stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $120.59, for a total value of $100,813.24. Following the completion of the sale, the executive vice president now owns 2,148 shares of the company’s stock, valued at approximately $259,027.32. The disclosure for this sale can be found here. Insiders sold a total of 22,312 shares of company stock valued at $2,675,607 in the last 90 days. 0.26% of the stock is owned by company insiders.

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Shares of F5 Networks, Inc. (NASDAQ FFIV) opened at 116.83 on Thursday. F5 Networks, Inc. has a one year low of $114.45 and a one year high of $149.50. The company has a 50 day moving average of $117.74 and a 200-day moving average of $129.05. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 19.40 and a beta of 1.16.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, meeting the consensus estimate of $2.03. The company had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.81 EPS. On average, analysts anticipate that F5 Networks, Inc. will post $8.17 earnings per share for the current year.

Several equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of F5 Networks in a research note on Tuesday, September 12th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of F5 Networks in a report on Tuesday, September 12th. Jefferies Group LLC reissued a “hold” rating and issued a $124.00 price target on shares of F5 Networks in a report on Thursday, August 31st. Zacks Investment Research lowered shares of F5 Networks from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $124.00 price target (down previously from $132.00) on shares of F5 Networks in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $130.81.

F5 Networks Company Profile

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.

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Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

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