Schroder Investment Management Group reduced its stake in shares of F5 Networks Inc. (NASDAQ:FFIV) by 85.3% during the second quarter, Holdings Channel reports. The fund owned 29,019 shares of the network technology company’s stock after selling 168,092 shares during the period. Schroder Investment Management Group’s holdings in F5 Networks were worth $3,304,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in shares of F5 Networks by 2.7% in the first quarter. Geode Capital Management LLC now owns 665,984 shares of the network technology company’s stock valued at $70,372,000 after buying an additional 17,617 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of F5 Networks by 75.4% in the first quarter. Panagora Asset Management Inc. now owns 668,952 shares of the network technology company’s stock valued at $70,809,000 after buying an additional 287,664 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of F5 Networks by 0.5% in the first quarter. Legal & General Group Plc now owns 294,137 shares of the network technology company’s stock valued at $31,135,000 after buying an additional 1,514 shares in the last quarter. Norges Bank acquired a new stake in shares of F5 Networks during the fourth quarter valued at approximately $60,124,000. Finally, Babson Capital Management LLC boosted its stake in shares of F5 Networks by 117.0% in the first quarter. Babson Capital Management LLC now owns 78,106 shares of the network technology company’s stock valued at $8,268,000 after buying an additional 42,120 shares in the last quarter. Hedge funds and other institutional investors own 94.78% of the company’s stock.

F5 Networks Inc. (NASDAQ:FFIV) traded up 0.52% during mid-day trading on Wednesday, reaching $119.07. 202,246 shares of the company’s stock were exchanged. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 23.27 and a beta of 1.94. The stock has a 50-day moving average of $122.74 and a 200-day moving average of $112.39. F5 Networks Inc. has a one year low of $86.03 and a one year high of $127.13.

F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, July 20th. The network technology company reported $1.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.02. The company earned $496.50 million during the quarter, compared to the consensus estimate of $495.48 million. F5 Networks had a return on equity of 29.95% and a net margin of 17.96%. F5 Networks’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. On average, equities research analysts anticipate that F5 Networks Inc. will post $7.14 earnings per share for the current year.

FFIV has been the topic of several recent analyst reports. Zacks Investment Research raised shares of F5 Networks from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Tuesday, July 19th. TheStreet raised shares of F5 Networks to a “buy” rating in a research note on Thursday, May 26th. Credit Suisse Group AG reissued a “buy” rating on shares of F5 Networks in a research note on Wednesday, June 8th. Wells Fargo & Co. initiated coverage on shares of F5 Networks in a research note on Monday, June 27th. They set a “buy” rating on the stock. Finally, Wunderlich lifted their price objective on shares of F5 Networks from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, July 21st. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $116.01.

In related news, insider John Mcadam sold 7,169 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $126.11, for a total value of $904,082.59. Following the sale, the insider now directly owns 33,682 shares of the company’s stock, valued at $4,247,637.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Deborah L. Bevier sold 6,229 shares of the company’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $123.60, for a total value of $769,904.40. Following the completion of the sale, the director now directly owns 5,412 shares in the company, valued at $668,923.20. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

F5 Networks Company Profile

F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.

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