State of Alaska Department of Revenue cut its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 6.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,472 shares of the network technology company’s stock after selling 220 shares during the period. State of Alaska Department of Revenue’s holdings in F5 Networks were worth $441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Beacon Advisors Inc. bought a new stake in F5 Networks during the first quarter valued at approximately $153,000. Van ECK Associates Corp raised 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 valued at $164,000 after buying an additional 65 shares during the period. Bronfman E.L. Rothschild L.P. raised 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 valued at $196,000 after buying an additional 67 shares during the period. Putnam Investments LLC bought a new stake in F5 Networks during the fourth quarter valued at approximately $201,000. Finally, First Bank & Trust raised 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 valued at $232,000 after buying an additional 5 shares during the period. Hedge funds and other institutional investors own 94.88% of the company’s stock.

F5 Networks, Inc. (NASDAQ FFIV) opened at 126.79 on Tuesday. The stock has a market cap of $8.20 billion, a P/E ratio of 21.64 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. The stock has a 50 day moving average price of $128.38 and a 200 day moving average price of $135.58.

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 firm 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 business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. On average, equities research analysts forecast that F5 Networks, Inc. will post $8.19 EPS for the current year.

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Several analysts recently commented on FFIV shares. Oppenheimer Holdings, Inc. set a $157.00 target price on F5 Networks and gave the stock a “buy” rating in a report on Saturday, April 8th. Drexel Hamilton reaffirmed a “buy” rating and set a $165.00 target price on shares of F5 Networks in a report on Monday, April 24th. Morgan Stanley dropped their target price on F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, April 28th. Credit Suisse Group set a $138.00 target price on F5 Networks and gave the stock a “hold” rating in a report on Thursday, April 20th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of F5 Networks in a report on Thursday, March 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $137.33.

In other F5 Networks news, 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 transaction of $1,301,700.00. Following the sale, the director now owns 66,953 shares in the company, valued at approximately $8,715,272.01. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ryan C. Kearny sold 846 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $127.95, for a total value of $108,245.70. Following the sale, the executive vice president now owns 1,071 shares in the company, valued at approximately $137,034.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,146 shares of company stock worth $3,234,190. 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.

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

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