Pacad Investment Ltd. raised its position in F5 Networks, Inc. (NASDAQ:FFIV) by 83.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,000 shares of the network technology company’s stock after buying an additional 4,100 shares during the period. Pacad Investment Ltd.’s holdings in F5 Networks were worth $1,144,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. IFP Advisors Inc raised its stake in shares of F5 Networks by 65.6% in the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock worth $122,000 after buying an additional 380 shares during the last quarter. American Beacon Advisors Inc. purchased a new position in shares of F5 Networks during the first quarter worth $153,000. Van ECK Associates Corp raised its position in shares of F5 Networks by 6.0% in the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after buying an additional 65 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of F5 Networks by 5.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,376 shares of the network technology company’s stock worth $196,000 after buying an additional 67 shares during the last quarter. Finally, Contravisory Investment Management Inc. raised its position in shares of 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 last quarter. Institutional investors and hedge funds own 96.41% of the company’s stock.

Shares of F5 Networks, Inc. (NASDAQ:FFIV) opened at 118.57 on Friday. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50. The company has a market cap of $7.53 billion, a P/E ratio of 19.69 and a beta of 1.16. The firm has a 50-day moving average of $120.59 and a 200 day moving average of $131.37.

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

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FFIV has been the subject of a number of research analyst reports. Drexel Hamilton restated a “buy” rating and set a $160.00 price objective on shares of F5 Networks in a research report on Friday, July 21st. Royal Bank Of Canada restated a “hold” rating and set a $132.00 price objective on shares of F5 Networks in a research report on Monday, May 29th. Robert W. Baird restated a “hold” rating on shares of F5 Networks in a research report on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and set a $130.00 price objective on shares of F5 Networks in a research report on Friday, June 16th. Finally, Oppenheimer Holdings, Inc. lowered F5 Networks from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $145.00 to $120.00 in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $130.81.

In other news, CEO Francois Locoh-Donou sold 2,029 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $119.61, for a total value of $242,688.69. Following the completion of the sale, the chief executive officer now owns 2,636 shares of the company’s stock, valued at approximately $315,291.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ryan C. Kearny sold 836 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $120.59, for a total transaction of $100,813.24. Following the completion of the sale, the executive vice president now directly owns 2,148 shares of the company’s stock, valued at approximately $259,027.32. The disclosure for this sale can be found here. In the last three months, insiders sold 19,050 shares of company stock valued at $2,293,138. Corporate insiders own 0.26% of the company’s stock.

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.

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

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