F5 Networks, Inc. (FFIV) Stake Increased by ETRADE Capital Management LLC
ETRADE Capital Management LLC grew its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,232 shares of the network technology company’s stock after buying an additional 1,325 shares during the period. ETRADE Capital Management LLC’s holdings in F5 Networks were worth $1,935,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State of Tennessee Treasury Department lifted its position in shares of F5 Networks by 6.5% in the second quarter. State of Tennessee Treasury Department now owns 144,733 shares of the network technology company’s stock valued at $18,390,000 after buying an additional 8,875 shares during the last quarter. Sei Investments Co. lifted its position in shares of F5 Networks by 2.6% in the second quarter. Sei Investments Co. now owns 9,085 shares of the network technology company’s stock valued at $1,154,000 after buying an additional 230 shares during the last quarter. OppenheimerFunds Inc. lifted its position in shares of F5 Networks by 6.1% in the first quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock valued at $243,000 after buying an additional 98 shares during the last quarter. Soros Fund Management LLC acquired a new stake in shares of F5 Networks in the first quarter valued at approximately $385,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of F5 Networks by 18.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 21,037 shares of the network technology company’s stock valued at $2,673,000 after buying an additional 3,234 shares during the last quarter. 96.50% of the stock is owned by institutional investors.
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FFIV has been the subject of a number of recent analyst reports. Zacks Investment Research cut F5 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Drexel Hamilton reaffirmed a “buy” rating and issued a $160.00 price objective on shares of F5 Networks in a research report on Friday, July 21st. Piper Jaffray Companies cut F5 Networks from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $144.00 to $136.00 in a research report on Friday, July 14th. Oppenheimer Holdings, Inc. cut 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. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $124.00 price objective on shares of F5 Networks in a research report on Thursday, August 31st. Three research 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. F5 Networks has an average rating of “Hold” and an average target price of $130.81.
Shares of F5 Networks, Inc. (NASDAQ FFIV) traded up 1.65% during trading on Friday, hitting $119.65. The stock had a trading volume of 173,675 shares. F5 Networks, Inc. has a 1-year low of $114.45 and a 1-year high of $149.50. The firm’s 50 day moving average is $117.74 and its 200 day moving average is $129.05. The company has a market cap of $7.60 billion, a PE ratio of 19.87 and a beta of 1.16.
F5 Networks (NASDAQ:FFIV) last posted its earnings results 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 firm had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.81 earnings per share. Equities research analysts anticipate that F5 Networks, Inc. will post $8.17 EPS for the current fiscal year.
In other news, EVP Ryan C. Kearny sold 836 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $120.59, for a total value of $100,813.24. Following the transaction, the executive vice president now owns 2,148 shares of the company’s stock, valued at $259,027.32. 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 company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total transaction of $382,469.50. Following the completion of the transaction, the executive vice president now directly owns 815 shares in the company, valued at approximately $95,558.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,312 shares of company stock worth $2,675,607. Insiders own 0.26% of the company’s stock.
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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