CIBC World Markets Inc. purchased a new stake in F5 Networks, Inc. (NASDAQ:FFIV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,330 shares of the network technology company’s stock, valued at approximately $1,058,000.

Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. lifted its stake in shares of F5 Networks by 2.6% in the 2nd quarter. Sei Investments Co. now owns 9,085 shares of the network technology company’s stock valued at $1,154,000 after purchasing an additional 230 shares during the period. State of Tennessee Treasury Department lifted its stake in shares of F5 Networks by 6.5% in the 2nd quarter. State of Tennessee Treasury Department now owns 144,733 shares of the network technology company’s stock valued at $18,390,000 after purchasing an additional 8,875 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of F5 Networks by 6.1% in the 1st quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock valued at $243,000 after purchasing an additional 98 shares during the period. Soros Fund Management LLC acquired a new position in shares of F5 Networks in the 1st quarter valued at $385,000. Finally, American Beacon Advisors Inc. acquired a new position in shares of F5 Networks in the 1st quarter valued at $153,000. 96.45% of the stock is currently owned by institutional investors.

In related news, CFO Andrew Reinland sold 6,215 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $120.27, for a total value of $747,478.05. Following the sale, the chief financial officer now owns 20,601 shares in the company, valued at approximately $2,477,682.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Benjamin Gibson sold 3,262 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total transaction of $382,469.50. Following the completion of the sale, the executive vice president now owns 815 shares in the company, valued at approximately $95,558.75. The disclosure for this sale can be found here. Insiders sold a total of 22,312 shares of company stock worth $2,675,607 in the last 90 days. 0.26% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on the company. Cowen and Company reissued an “outperform” rating and issued a $145.00 price target on shares of F5 Networks in a research note on Monday, June 5th. Jefferies Group LLC reissued a “hold” rating and issued a $130.00 price target on shares of F5 Networks in a research note on Friday, June 16th. Piper Jaffray Companies downgraded F5 Networks from an “overweight” rating to a “neutral” rating and cut their price target for the company from $144.00 to $136.00 in a research note on Friday, July 14th. Robert W. Baird reissued a “hold” rating on shares of F5 Networks in a research note on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. downgraded F5 Networks from an “outperform” rating to a “market perform” rating and cut their price target for the company from $145.00 to $120.00 in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $130.81.

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F5 Networks, Inc. (FFIV) opened at 116.62 on Friday. The firm’s 50-day moving average price is $117.99 and its 200-day moving average price is $129.63. F5 Networks, Inc. has a 12-month low of $114.45 and a 12-month high of $149.50. The company has a market cap of $7.41 billion, a PE ratio of 19.37 and a beta of 1.16.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting the consensus estimate of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The firm had revenue of $517.80 million for the quarter, compared to analyst estimates of $525.57 million. During the same quarter in the prior year, the business earned $1.81 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that F5 Networks, Inc. will post $8.17 earnings per share for the current fiscal year.

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.

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

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