ARP Americas LLC cut its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 10.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,442 shares of the network technology company’s stock after selling 280 shares during the period. ARP Americas LLC’s holdings in F5 Networks were worth $310,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Candriam Luxembourg S.C.A. boosted its stake in F5 Networks by 4,370.2% in the second quarter. Candriam Luxembourg S.C.A. now owns 134,106 shares of the network technology company’s stock valued at $17,040,000 after buying an additional 131,106 shares during the last quarter. Sei Investments Co. boosted its stake in 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. Johnston Asset Management LLC boosted its position in shares of F5 Networks by 0.4% in the second quarter. Johnston Asset Management LLC now owns 159,002 shares of the network technology company’s stock valued at $20,203,000 after buying an additional 620 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its position in shares of F5 Networks by 41.2% in the second quarter. Kornitzer Capital Management Inc. KS now owns 145,850 shares of the network technology company’s stock valued at $18,532,000 after buying an additional 42,555 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of F5 Networks by 352.1% in the second quarter. Great West Life Assurance Co. Can now owns 211,895 shares of the network technology company’s stock valued at $26,874,000 after buying an additional 165,026 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.
Shares of F5 Networks, Inc. (NASDAQ FFIV) traded down 0.86% during midday trading on Friday, hitting $116.80. 218,217 shares of the stock were exchanged. The company has a market cap of $7.42 billion, a PE ratio of 19.40 and a beta of 1.16. The firm has a 50-day moving average price of $123.67 and a 200-day moving average price of $132.89. F5 Networks, Inc. has a 12-month low of $114.45 and a 12-month high of $149.50.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. 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 business posted $1.81 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts predict that F5 Networks, Inc. will post $8.17 EPS for the current year.
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FFIV has been the topic of several analyst reports. Zacks Investment Research lowered shares of F5 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Piper Jaffray Companies lowered F5 Networks from an “overweight” rating to a “neutral” rating and cut their target price for the company from $144.00 to $136.00 in a research report on Friday, July 14th. Credit Suisse Group set a $138.00 target price on F5 Networks and gave the company a “hold” rating in a research report on Thursday, April 20th. Royal Bank Of Canada reissued a “hold” rating and issued a $132.00 target price on shares of F5 Networks in a research report on Monday, May 29th. Finally, Morgan Stanley cut their target price on F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Friday, April 28th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $131.19.
In other news, CEO Francois Locoh-Donou sold 2,029 shares of F5 Networks 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 transaction, the chief executive officer now directly owns 2,636 shares of the company’s stock, valued at approximately $315,291.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Dilullo sold 3,052 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $120.55, for a total transaction of $367,918.60. Following the transaction, the executive vice president now directly owns 7,255 shares of the company’s stock, valued at $874,590.25. The disclosure for this sale can be found here. Insiders sold a total of 19,050 shares of company stock valued at $2,293,138 over the last ninety days. Company insiders own 0.26% of the company’s stock.
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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