Washington Trust Bank maintained its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) during the second quarter, Holdings Channel reports. The firm owned 14,200 shares of the network technology company’s stock at the end of the second quarter. Washington Trust Bank’s holdings in F5 Networks were worth $1,804,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in FFIV. BlackRock Inc. boosted its position in shares of F5 Networks by 2,108.1% in the first quarter. BlackRock Inc. now owns 4,404,873 shares of the network technology company’s stock worth $628,003,000 after buying an additional 4,205,384 shares during the period. Morgan Stanley boosted its position in shares of F5 Networks by 171.1% in the first quarter. Morgan Stanley now owns 829,117 shares of the network technology company’s stock worth $118,207,000 after buying an additional 523,250 shares during the period. Bank of Montreal Can boosted its position in shares of F5 Networks by 36.8% in the first quarter. Bank of Montreal Can now owns 1,745,173 shares of the network technology company’s stock worth $248,809,000 after buying an additional 469,449 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of F5 Networks by 3,947.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 366,821 shares of the network technology company’s stock worth $52,298,000 after buying an additional 357,758 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its position in shares of F5 Networks by 30.3% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 933,496 shares of the network technology company’s stock worth $133,088,000 after buying an additional 216,959 shares during the period. 95.86% of the stock is currently owned by institutional investors and hedge funds.

F5 Networks, Inc. (FFIV) traded down 0.27% on Friday, hitting $126.90. The stock had a trading volume of 479,580 shares. The firm has a market cap of $8.21 billion, a PE ratio of 21.66 and a beta of 1.17. The company has a 50-day moving average price of $128.54 and a 200 day moving average price of $135.91. F5 Networks, Inc. has a 52-week low of $114.45 and a 52-week high of $149.50.

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

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A number of equities analysts have commented on FFIV shares. Barclays PLC reaffirmed a “sell” rating and issued a $124.00 price target on shares of F5 Networks in a research note on Friday, April 28th. Credit Suisse Group set a $138.00 price target on F5 Networks and gave the stock a “hold” rating in a research note on Thursday, April 20th. Deutsche Bank AG cut F5 Networks from a “hold” rating to a “sell” rating and decreased their price target for the stock from $120.00 to $100.00 in a research note on Wednesday, March 29th. Cowen and Company reaffirmed an “outperform” rating and issued a $145.00 price target (down from $149.00) on shares of F5 Networks in a research note on Friday, April 28th. Finally, Morgan Stanley decreased their price target on F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $137.33.

In other F5 Networks news, Director John Mcadam sold 10,000 shares of F5 Networks stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $130.17, for a total transaction of $1,301,700.00. Following the completion of the sale, the director now owns 66,953 shares of the company’s stock, valued at approximately $8,715,272.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew Reinland sold 6,235 shares of F5 Networks stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $127.40, for a total value of $794,339.00. Following the sale, the chief financial officer now directly owns 18,602 shares of the company’s stock, valued at approximately $2,369,894.80. The disclosure for this sale can be found here. Insiders sold a total of 25,146 shares of company stock valued at $3,234,190 in the last three months. 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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Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

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