Louisiana State Employees Retirement System held its stake in F5 Networks, Inc. (NASDAQ:FFIV) during the second quarter, Holdings Channel reports. The institutional investor owned 4,000 shares of the network technology company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in F5 Networks were worth $508,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FFIV. BlackRock Inc. increased its stake in 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 increased its stake in 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. Los Angeles Capital Management & Equity Research Inc. increased its stake in 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. Old Mutual Global Investors UK Ltd. increased its stake in 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. Finally, Vanguard Group Inc. increased its stake in F5 Networks by 2.7% in the first quarter. Vanguard Group Inc. now owns 6,400,279 shares of the network technology company’s stock worth $912,487,000 after buying an additional 168,528 shares during the period. 96.92% of the stock is owned by institutional investors.

Shares of F5 Networks, Inc. (NASDAQ FFIV) traded up 0.93% during mid-day trading on Friday, hitting $117.49. The stock had a trading volume of 368,586 shares. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50. The stock has a market capitalization of $7.47 billion, a P/E ratio of 19.51 and a beta of 1.16. The stock has a 50 day moving average of $125.18 and a 200-day moving average of $133.67.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.03. The business had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.81 earnings per share. On average, equities research analysts predict that F5 Networks, Inc. will post $8.17 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “F5 Networks, Inc. (NASDAQ:FFIV) Position Maintained by Louisiana State Employees Retirement System” was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/11/f5-networks-inc-nasdaqffiv-position-maintained-by-louisiana-state-employees-retirement-system.html.

A number of equities research analysts have recently weighed in on FFIV shares. Barclays PLC reaffirmed a “sell” rating and set 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. Cowen and Company reaffirmed an “outperform” rating and set a $145.00 price target (down from $149.00) on shares of F5 Networks in a research note on Friday, April 28th. Morgan Stanley cut their price target on F5 Networks from $136.00 to $130.00 and set an “equal weight” rating for the company in a research note on Friday, April 28th. Finally, Royal Bank Of Canada cut their price target on F5 Networks from $137.00 to $132.00 and set a “sector perform” rating for the company in a research note on Thursday, April 27th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. F5 Networks currently has a consensus rating of “Hold” and an average price target of $132.00.

In related news, CEO Francois Locoh-Donou sold 2,029 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $119.61, for a total transaction of $242,688.69. Following the sale, the chief executive officer now owns 2,636 shares of the company’s stock, valued at $315,291.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alan Higginson sold 2,540 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $120.52, for a total value of $306,120.80. Following the sale, the director now directly owns 13,310 shares in the company, valued at approximately $1,604,121.20. The disclosure for this sale can be found here. Insiders have sold 19,050 shares of company stock worth $2,293,138 in the last three months. 0.26% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding FFIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F5 Networks, Inc. (NASDAQ:FFIV).

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

Receive News & Ratings for F5 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.