Tredje AP fonden cut its holdings in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 40.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,580 shares of the network technology company’s stock after selling 9,190 shares during the period. Tredje AP fonden’s holdings in F5 Networks were worth $1,725,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. IFP Advisors Inc lifted its position in shares of F5 Networks by 65.6% in the 2nd quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock worth $122,000 after purchasing an additional 380 shares during the period. American Beacon Advisors Inc. acquired a new position in shares of F5 Networks in the 1st quarter worth approximately $153,000. Van ECK Associates Corp lifted its position in shares of F5 Networks by 6.0% in the 1st quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after purchasing an additional 65 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in shares of F5 Networks by 1.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock worth $178,000 after purchasing an additional 21 shares during the period. Finally, Contravisory Investment Management Inc. lifted its position in shares of F5 Networks by 0.8% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock worth $235,000 after purchasing an additional 14 shares during the period. Institutional investors and hedge funds own 96.45% of the company’s stock.

F5 Networks, Inc. (NASDAQ FFIV) opened at 117.55 on Tuesday. 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 $119.02 and a 200-day moving average of $130.30. The stock has a market capitalization of $7.47 billion, a P/E ratio of 19.52 and a beta of 1.16.

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

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A number of research analysts have recently issued reports on FFIV shares. Drexel Hamilton restated a “buy” rating and issued a $160.00 price target on shares of F5 Networks in a research report on Friday, July 21st. Robert W. Baird restated a “hold” rating on shares of F5 Networks in a research report on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and issued a $132.00 price target on shares of F5 Networks in a research report on Monday, May 29th. Jefferies Group LLC restated a “hold” rating and issued a $130.00 price target on shares of F5 Networks in a research report on Friday, June 16th. Finally, CIBC restated a “market perform” rating on shares of F5 Networks in a research report on Thursday, July 27th. Three investment 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. The stock has an average rating of “Hold” and an average target price of $130.81.

In related news, CFO Andrew Reinland sold 6,215 shares of F5 Networks stock in a transaction dated 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 sale, the chief financial officer now directly owns 20,601 shares in the company, valued at approximately $2,477,682.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 of the company’s stock, valued at $95,558.75. 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 over the last quarter. 0.26% of the stock is owned by corporate insiders.

F5 Networks 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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