First Washington CORP held its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,000 shares of the network technology company’s stock at the end of the 2nd quarter. First Washington CORP’s holdings in F5 Networks were worth $127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in F5 Networks by 65.6% during the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after purchasing an additional 380 shares during the last quarter. American Beacon Advisors Inc. purchased a new stake in F5 Networks during the first quarter valued at about $153,000. Van ECK Associates Corp lifted its holdings in F5 Networks by 6.0% during the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock valued at $164,000 after purchasing an additional 65 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in F5 Networks by 1.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock valued at $178,000 after purchasing an additional 21 shares during the last quarter. Finally, Contravisory Investment Management Inc. lifted its holdings in F5 Networks by 0.8% during the second quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock valued at $235,000 after purchasing an additional 14 shares during the last quarter. 96.45% of the stock is currently owned by institutional investors and hedge funds.

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In other F5 Networks news, EVP Benjamin Gibson sold 3,262 shares of F5 Networks stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total value of $382,469.50. Following the sale, the executive vice president now owns 815 shares of the company’s stock, valued at approximately $95,558.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew Reinland sold 6,215 shares of F5 Networks stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $120.27, for a total value of $747,478.05. Following the completion of the sale, the chief financial officer now directly owns 20,601 shares in the company, valued at approximately $2,477,682.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,312 shares of company stock worth $2,675,607. Corporate insiders own 0.26% of the company’s stock.

Shares of F5 Networks, Inc. (NASDAQ:FFIV) traded down 0.82% on Wednesday, reaching $116.61. 52,282 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $118.97 and a 200 day moving average price of $130.21. The firm has a market cap of $7.41 billion, a PE ratio of 19.37 and a beta of 1.16. F5 Networks, Inc. has a one year low of $114.45 and a one year high of $149.50.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data 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. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The business had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. During the same quarter in the previous year, the company posted $1.81 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. Analysts expect that F5 Networks, Inc. will post $8.17 EPS for the current fiscal year.

FFIV has been the topic of several recent research reports. Zacks Investment Research downgraded shares of F5 Networks from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Drexel Hamilton reaffirmed a “buy” rating and set a $160.00 price objective on shares of F5 Networks in a report on Friday, July 21st. Piper Jaffray Companies downgraded shares of F5 Networks from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $144.00 to $136.00 in a report on Friday, July 14th. Oppenheimer Holdings, Inc. downgraded shares of F5 Networks from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $145.00 to $120.00 in a report on Thursday, July 27th. Finally, Wells Fargo & Company downgraded shares of F5 Networks from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $145.00 to $120.00 in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $130.81.

F5 Networks 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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