Capital Fund Management S.A. Cuts Stake in F5 Networks Inc. (FFIV)
Capital Fund Management S.A. cut its stake in F5 Networks Inc. (NASDAQ:FFIV) by 24.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 54,723 shares of the network technology company’s stock after selling 17,320 shares during the period. Capital Fund Management S.A.’s holdings in F5 Networks were worth $6,230,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of FFIV. IFP Advisors Inc raised its position in F5 Networks by 23.1% in the first quarter. IFP Advisors Inc now owns 948 shares of the network technology company’s stock valued at $100,000 after buying an additional 178 shares during the last quarter. JFS Wealth Advisors LLC purchased a new position in F5 Networks during the second quarter valued at about $137,000. Invictus RG raised its position in F5 Networks by 620.0% in the first quarter. Invictus RG now owns 1,440 shares of the network technology company’s stock valued at $152,000 after buying an additional 1,240 shares during the last quarter. Conning Inc. purchased a new position in F5 Networks during the second quarter valued at about $207,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in F5 Networks during the second quarter valued at about $228,000. 94.78% of the stock is currently owned by institutional investors.
Shares of F5 Networks Inc. (NASDAQ:FFIV) traded up 1.00% on Friday, reaching $124.64. 438,930 shares of the company were exchanged. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 24.36 and a beta of 1.94. F5 Networks Inc. has a 52 week low of $86.03 and a 52 week high of $127.13. The company’s 50-day moving average is $122.05 and its 200-day moving average is $113.47.
F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, July 20th. The network technology company reported $1.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.02. The firm earned $496.50 million during the quarter, compared to analyst estimates of $495.48 million. F5 Networks had a net margin of 17.96% and a return on equity of 29.95%. F5 Networks’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.67 EPS. On average, equities analysts expect that F5 Networks Inc. will post $7.14 EPS for the current fiscal year.
FFIV has been the topic of several recent analyst reports. Wunderlich boosted their target price on shares of F5 Networks from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, July 21st. Credit Suisse Group AG restated a “buy” rating on shares of F5 Networks in a report on Wednesday, June 8th. Wells Fargo & Co. assumed coverage on shares of F5 Networks in a report on Monday, June 27th. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Tuesday, July 19th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $155.00 price objective (up previously from $145.00) on shares of F5 Networks in a report on Sunday, July 24th. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $116.01.
In other F5 Networks news, Director Deborah L. Bevier sold 6,229 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $123.60, for a total transaction of $769,904.40. Following the completion of the transaction, the director now directly owns 5,412 shares of the company’s stock, valued at approximately $668,923.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew Reinland sold 5,674 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $122.94, for a total transaction of $697,561.56. Following the transaction, the chief financial officer now directly owns 16,935 shares of the company’s stock, valued at $2,081,988.90. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate 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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