Fort Washington Investment Advisors Inc. OH cut its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 35.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,325 shares of the network technology company’s stock after selling 6,212 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in F5 Networks were worth $1,439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FFIV. IFP Advisors Inc raised its holdings in 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 in the last quarter. American Beacon Advisors Inc. bought a new position in F5 Networks in the 1st quarter worth $153,000. Van ECK Associates Corp raised its holdings in 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 in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in 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 in the last quarter. Finally, Contravisory Investment Management Inc. raised its holdings in 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 in the last quarter. Institutional investors and hedge funds own 96.45% of the company’s stock.

Several research analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of F5 Networks in a research note on Tuesday. Piper Jaffray Companies decreased their price target on shares of F5 Networks to $121.00 and set a “neutral” rating for the company in a research note on Thursday, July 27th. BMO Capital Markets reiterated an “outperform” rating and issued a $124.00 price target (down from $132.00) on shares of F5 Networks in a research note on Thursday, July 27th. Needham & Company LLC reiterated a “hold” rating on shares of F5 Networks in a research note on Tuesday. Finally, CIBC reiterated a “market perform” rating on shares of F5 Networks in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $130.81.

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In other F5 Networks news, CFO Andrew Reinland sold 6,215 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 20,601 shares in the company, valued at approximately $2,477,682.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Benjamin Gibson sold 3,262 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total value of $382,469.50. Following the transaction, the executive vice president now owns 815 shares in the company, valued at approximately $95,558.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,312 shares of company stock worth $2,675,607. Insiders own 0.26% of the company’s stock.

F5 Networks, Inc. (NASDAQ FFIV) opened at 116.62 on Friday. The firm’s 50-day moving average is $117.99 and its 200 day moving average is $129.63. The stock has a market cap of $7.41 billion, a P/E ratio of 19.37 and a beta of 1.16. F5 Networks, Inc. has a one year low of $114.45 and a one year high of $149.50.

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 Thomson Reuters’ consensus estimate of $2.03. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The business had revenue of $517.80 million for the quarter, compared to analyst estimates of $525.57 million. During the same quarter in the prior year, the firm posted $1.81 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts anticipate that F5 Networks, Inc. will post $8.17 EPS for the current fiscal year.

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.

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

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