Trillium Asset Management LLC Has $18,427,000 Position in F5 Networks Inc. (FFIV)
Trillium Asset Management LLC boosted its position in shares of F5 Networks Inc. (NASDAQ:FFIV) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,865 shares of the network technology company’s stock after buying an additional 14,236 shares during the period. F5 Networks accounts for approximately 1.2% of Trillium Asset Management LLC’s portfolio, making the stock its 18th largest position. Trillium Asset Management LLC owned 0.24% of F5 Networks worth $18,427,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in shares of F5 Networks by 23.1% in the first quarter. IFP Advisors Inc now owns 948 shares of the network technology company’s stock worth $100,000 after buying an additional 178 shares during the period. JFS Wealth Advisors LLC bought a new stake in shares of F5 Networks during the second quarter worth about $137,000. Invictus RG raised its stake in shares of F5 Networks by 620.0% in the first quarter. Invictus RG now owns 1,440 shares of the network technology company’s stock worth $152,000 after buying an additional 1,240 shares during the period. Huntington National Bank raised its stake in shares of F5 Networks by 4.8% in the second quarter. Huntington National Bank now owns 1,455 shares of the network technology company’s stock worth $166,000 after buying an additional 67 shares during the period. Finally, Conning Inc. acquired a new position in F5 Networks during the second quarter worth approximately $207,000. Institutional investors own 94.78% of the company’s stock.
Shares of F5 Networks Inc. (NASDAQ:FFIV) traded up 0.29% on Tuesday, hitting $124.74. The company had a trading volume of 557,808 shares. The firm has a 50-day moving average price of $122.04 and a 200 day moving average price of $113.84. The company has a market capitalization of $8.26 billion, a P/E ratio of 24.38 and a beta of 1.96. F5 Networks Inc. has a 12-month low of $86.03 and a 12-month high of $127.13.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 20th. The network technology company reported $1.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.02. The firm earned $496.50 million during the quarter, compared to the consensus estimate of $495.48 million. F5 Networks had a return on equity of 29.95% and a net margin of 17.96%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. Equities analysts expect that F5 Networks Inc. will post $7.14 EPS for the current year.
A number of equities analysts have commented on FFIV shares. Oppenheimer Holdings Inc. raised shares of F5 Networks from a “market perform” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Wednesday, September 14th. Bank of America Corp. reaffirmed a “hold” rating on shares of F5 Networks in a report on Wednesday, June 22nd. Wells Fargo & Co. started coverage on shares of F5 Networks in a report on Monday, June 27th. They issued a “buy” rating for the company. MKM Partners lifted their price objective on shares of F5 Networks from $106.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, June 8th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $155.00 price objective (up previously from $145.00) on shares of F5 Networks in a report on Sunday, July 24th. Two investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $116.01.
In other news, insider John Mcadam sold 7,169 shares of F5 Networks stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $126.11, for a total transaction of $904,082.59. Following the completion of the transaction, the insider now directly owns 33,682 shares in the company, valued at approximately $4,247,637.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scot Frazier Rogers sold 1,607 shares of F5 Networks stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $122.92, for a total value of $197,532.44. Following the transaction, the executive vice president now owns 6,653 shares of the company’s stock, valued at $817,786.76. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.
About F5 Networks
F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.
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