Tradewinds Capital Management LLC cut its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,511 shares of the network technology company’s stock after selling 100 shares during the period. Tradewinds Capital Management LLC’s holdings in F5 Networks were worth $827,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. First Bank & Trust raised its stake in F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock worth $232,000 after buying an additional 5 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in F5 Networks by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,071 shares of the network technology company’s stock worth $295,000 after buying an additional 9 shares during the period. Winslow Evans & Crocker Inc. raised its stake in F5 Networks by 0.6% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,418 shares of the network technology company’s stock worth $345,000 after buying an additional 14 shares during the period. Contravisory Investment Management Inc. raised its stake in F5 Networks by 0.8% in the second quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock worth $235,000 after buying an additional 14 shares during the period. Finally, Concert Wealth Management Inc. raised its stake in F5 Networks by 0.8% in the first quarter. Concert Wealth Management Inc. now owns 1,867 shares of the network technology company’s stock worth $267,000 after buying an additional 15 shares during the period. 96.92% of the stock is owned by institutional investors and hedge funds.

Shares of F5 Networks, Inc. (FFIV) opened at 118.63 on Thursday. The company has a 50-day moving average of $125.54 and a 200 day moving average of $133.79. F5 Networks, Inc. has a 12-month low of $114.45 and a 12-month high of $149.50. The firm has a market capitalization of $7.54 billion, a PE ratio of 19.70 and a beta of 1.16.

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

TRADEMARK VIOLATION WARNING: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/10/tradewinds-capital-management-llc-has-827000-position-in-f5-networks-inc-nasdaqffiv.html.

A number of equities research analysts have recently weighed in on FFIV shares. Robert W. Baird restated a “hold” rating on shares of F5 Networks in a report on Thursday, April 27th. Royal Bank Of Canada reduced their price objective on shares of F5 Networks from $137.00 to $132.00 and set a “sector perform” rating on the stock in a report on Thursday, April 27th. Credit Suisse Group set a $138.00 price objective on shares of F5 Networks and gave the company a “hold” rating in a report on Thursday, April 20th. Drexel Hamilton restated a “buy” rating and issued a $165.00 price objective on shares of F5 Networks in a report on Monday, April 24th. Finally, Cowen and Company restated an “outperform” rating and issued a $145.00 price objective on shares of F5 Networks in a report on Monday, June 5th. 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 stock. The stock has an average rating of “Hold” and a consensus price target of $132.00.

In related news, CEO Francois Locoh-Donou sold 2,029 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $119.61, for a total value of $242,688.69. Following the completion of the transaction, the chief executive officer now directly owns 2,636 shares of the company’s stock, valued at $315,291.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew Reinland sold 6,215 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $120.27, for a total value of $747,478.05. Following the completion of the transaction, the chief financial officer now directly owns 20,601 shares of the company’s stock, valued at $2,477,682.27. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,050 shares of company stock valued at $2,293,138. 0.26% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding FFIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F5 Networks, Inc. (NASDAQ:FFIV).

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

Receive News & Stock Ratings for F5 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks Inc. and related stocks with our FREE daily email newsletter.