Exxonmobil Investment Management Inc. TX reduced its position in F5 Networks, Inc. (NASDAQ:FFIV) by 13.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,423 shares of the network technology company’s stock after selling 1,964 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in F5 Networks were worth $1,578,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new stake in F5 Networks during the first quarter worth $153,000. Van ECK Associates Corp increased its stake in F5 Networks by 6.0% in the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after buying an additional 65 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in F5 Networks by 5.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,376 shares of the network technology company’s stock worth $196,000 after buying an additional 67 shares in the last quarter. Putnam Investments LLC acquired a new stake in F5 Networks during the fourth quarter worth $201,000. Finally, First Bank & Trust increased its stake in F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock worth $232,000 after buying an additional 5 shares in the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

F5 Networks, Inc. (NASDAQ FFIV) opened at 127.24 on Friday. The stock has a 50 day moving average of $128.54 and a 200 day moving average of $135.91. The company has a market cap of $8.23 billion, a PE ratio of 21.72 and a beta of 1.17. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, April 26th. The network technology company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by $0.06. The business had revenue of $518.20 million for the quarter, compared to analysts’ expectations of $523.12 million. F5 Networks had a return on equity of 33.53% and a net margin of 18.88%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 earnings per share. Equities research analysts predict that F5 Networks, Inc. will post $8.19 EPS for the current fiscal year.

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A number of analysts have recently weighed in on FFIV shares. Oppenheimer Holdings, Inc. set a $157.00 target price on shares of F5 Networks and gave the stock a “buy” rating in a research report on Saturday, April 8th. Drexel Hamilton reaffirmed a “buy” rating and issued a $165.00 target price on shares of F5 Networks in a research report on Monday, April 24th. Morgan Stanley reduced their target price on shares of 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. Credit Suisse Group set a $138.00 target price on shares of F5 Networks and gave the stock a “hold” rating in a research report on Thursday, April 20th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of F5 Networks in a research report on Thursday, March 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. F5 Networks has a consensus rating of “Hold” and an average price target of $136.65.

In other news, CFO Andrew Reinland sold 6,235 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $127.40, for a total transaction of $794,339.00. Following the completion of the transaction, the chief financial officer now directly owns 18,602 shares in the company, valued at approximately $2,369,894.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Mcadam sold 10,000 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $130.17, for a total value of $1,301,700.00. Following the transaction, the director now owns 66,953 shares of the company’s stock, valued at $8,715,272.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,146 shares of company stock valued at $3,234,190. Company insiders own 0.26% of the company’s stock.

F5 Networks Company 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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Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

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