Flinton Capital Management LLC Acquires 19,236 Shares of F5 Networks, Inc. (FFIV)
Flinton Capital Management LLC lifted its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 15.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 144,592 shares of the network technology company’s stock after buying an additional 19,236 shares during the period. Flinton Capital Management LLC owned 0.23% of F5 Networks worth $18,372,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FFIV. Acrospire Investment Management LLC grew its holdings in F5 Networks by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the network technology company’s stock valued at $102,000 after purchasing an additional 400 shares during the period. IFP Advisors Inc raised its stake in F5 Networks by 65.6% during the second 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. purchased a new position in F5 Networks during the first quarter worth approximately $153,000. Van ECK Associates Corp raised its stake in F5 Networks by 6.0% during the first 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. Finally, Bronfman E.L. Rothschild L.P. raised its stake in F5 Networks by 1.5% during the second 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. Hedge funds and other institutional investors own 96.50% of the company’s stock.
In other F5 Networks news, EVP Ryan C. Kearny sold 836 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $120.59, for a total value of $100,813.24. Following the completion of the sale, the executive vice president now owns 2,148 shares of the company’s stock, valued at $259,027.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Dilullo sold 3,052 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $120.55, for a total value of $367,918.60. Following the completion of the sale, the executive vice president now directly owns 7,255 shares of the company’s stock, valued at approximately $874,590.25. 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. Company insiders own 0.26% of the company’s stock.
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F5 Networks, Inc. (FFIV) traded down 4.66% on Tuesday, hitting $117.96. 588,722 shares of the stock traded hands. The stock has a market cap of $7.50 billion, a P/E ratio of 19.59 and a beta of 1.14. F5 Networks, Inc. has a 12-month low of $114.45 and a 12-month high of $149.50. The stock has a 50-day moving average price of $117.95 and a 200 day moving average price of $127.42.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.03. The business had revenue of $517.80 million for the quarter, compared to analyst estimates of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. During the same period in the prior year, the company earned $1.81 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts expect that F5 Networks, Inc. will post $8.17 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. Deutsche Bank AG reduced their price objective on F5 Networks from $100.00 to $90.00 and set a “sell” rating on the stock in a research note on Tuesday. Jefferies Group LLC reiterated a “hold” rating and issued a $130.00 target price on shares of F5 Networks in a research note on Friday, June 16th. Piper Jaffray Companies downgraded F5 Networks from an “overweight” rating to a “neutral” rating and dropped their target price 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of F5 Networks in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company’s stock. F5 Networks currently has an average rating of “Hold” and an average price target of $131.94.
About F5 Networks
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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