Northwestern Mutual Investment Management Company LLC lessened its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 80.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,556 shares of the network technology company’s stock after selling 10,541 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in F5 Networks were worth $291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FFIV. Raymond James Financial Services Advisors Inc. increased its holdings 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 valued at $295,000 after purchasing an additional 9 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings 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 valued at $235,000 after purchasing an additional 14 shares during the last quarter. Concert Wealth Management Inc. increased its holdings 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 valued at $267,000 after purchasing an additional 15 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in F5 Networks by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock valued at $178,000 after purchasing an additional 21 shares during the last quarter. Finally, Intrust Bank NA increased its holdings in F5 Networks by 1.1% in the second quarter. Intrust Bank NA now owns 4,590 shares of the network technology company’s stock valued at $584,000 after purchasing an additional 50 shares during the last quarter. 96.50% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $130.00 price objective on shares of F5 Networks in a report on Friday, June 16th. Piper Jaffray Companies downgraded F5 Networks from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $144.00 to $136.00 in a report on Friday, July 14th. Zacks Investment Research downgraded F5 Networks from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Needham & Company LLC reiterated a “hold” rating on shares of F5 Networks in a report on Tuesday, September 12th. Finally, BidaskClub downgraded F5 Networks from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $130.81.

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F5 Networks, Inc. (NASDAQ:FFIV) opened at 116.90 on Tuesday. The firm has a market capitalization of $7.43 billion, a PE ratio of 19.42 and a beta of 1.16. The stock’s 50 day moving average price is $117.86 and its 200 day moving average price is $129.24. F5 Networks, Inc. has a 52-week low of $114.45 and a 52-week high of $149.50.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $525.57 million. During the same period in the previous year, the company posted $1.81 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that F5 Networks, Inc. will post $8.17 EPS for the current fiscal year.

In related news, COO Edward Julian Eames sold 4,378 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $120.63, for a total value of $528,118.14. Following the completion of the sale, the chief operating officer now directly owns 35,088 shares of the company’s stock, valued at approximately $4,232,665.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 2,029 shares of the business’s stock in a transaction dated 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 directly owns 2,636 shares of the company’s stock, valued at $315,291.96. 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 ninety days. 0.26% of the stock is currently owned by corporate insiders.

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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