Woodstock Corp Has $2.70 Million Position in F5 Networks, Inc. (FFIV)
Woodstock Corp decreased its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 21.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 21,220 shares of the network technology company’s stock after selling 5,890 shares during the period. Woodstock Corp’s holdings in F5 Networks were worth $2,696,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in FFIV. Creative Planning raised its position in F5 Networks by 142.7% in the second quarter. Creative Planning now owns 2,036 shares of the network technology company’s stock valued at $259,000 after buying an additional 1,197 shares during the period. Nepsis Capital Management Inc. raised its position in F5 Networks by 4.6% in the second quarter. Nepsis Capital Management Inc. now owns 42,086 shares of the network technology company’s stock valued at $5,347,000 after buying an additional 1,868 shares during the period. Atria Investments LLC raised its stake in shares of F5 Networks by 13.4% in the second quarter. Atria Investments LLC now owns 6,625 shares of the network technology company’s stock valued at $842,000 after buying an additional 785 shares during the last quarter. Prentiss Smith & Co. Inc. raised its stake in shares of F5 Networks by 455.3% in the second quarter. Prentiss Smith & Co. Inc. now owns 48,909 shares of the network technology company’s stock worth $6,214,000 after buying an additional 40,101 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of F5 Networks during the second quarter worth about $457,000. Institutional investors and hedge funds own 96.92% of the company’s stock.
F5 Networks, Inc. (NASDAQ FFIV) opened at 120.05 on Tuesday. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50. The company’s 50-day moving average price is $127.32 and its 200-day moving average price is $134.68. The company has a market capitalization of $7.63 billion, a P/E ratio of 19.94 and a beta of 1.16.
F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.03. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The firm had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. During the same quarter in the previous year, the business earned $1.81 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts forecast that F5 Networks, Inc. will post $8.17 EPS for the current fiscal year.
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A number of analysts recently weighed in on the stock. Robert W. Baird restated a “hold” rating on shares of F5 Networks in a research note on Thursday, July 27th. BMO Capital Markets restated an “outperform” rating and set a $124.00 target price (down from $132.00) on shares of F5 Networks in a research note on Thursday, July 27th. Drexel Hamilton reiterated a “buy” rating and issued a $160.00 price target on shares of F5 Networks in a research note on Friday, July 21st. Morgan Stanley dropped their price target on shares of F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Friday, April 28th. Finally, Credit Suisse Group set a $138.00 price target on F5 Networks and gave the stock a “hold” rating in a report on Thursday, April 20th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $132.00.
In related news, EVP Ryan C. Kearny sold 836 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was 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 directly owns 2,148 shares in the company, valued at $259,027.32. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John Mcadam sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $130.17, for a total value of $1,301,700.00. Following the completion of the sale, the director now owns 66,953 shares of the company’s stock, valued at $8,715,272.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,050 shares of company stock valued at $3,594,838. Corporate insiders own 0.26% of the company’s stock.
About F5 Networks
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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