Cubist Systematic Strategies LLC decreased its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 7.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,060 shares of the network technology company’s stock after selling 838 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in F5 Networks were worth $1,907,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of F5 Networks by 15.1% during the second quarter. Bank of America Corp DE now owns 262,433 shares of the network technology company’s stock valued at $45,257,000 after acquiring an additional 34,345 shares during the period. Kalos Management Inc. acquired a new position in shares of F5 Networks during the second quarter valued at $431,000. Morgan Stanley boosted its holdings in shares of F5 Networks by 100.2% during the second quarter. Morgan Stanley now owns 449,061 shares of the network technology company’s stock valued at $77,440,000 after acquiring an additional 224,792 shares during the period. Natixis boosted its holdings in shares of F5 Networks by 563.0% during the second quarter. Natixis now owns 42,367 shares of the network technology company’s stock valued at $7,306,000 after acquiring an additional 35,977 shares during the period. Finally, Davy Asset Management Ltd acquired a new position in shares of F5 Networks during the second quarter valued at $724,000. 94.22% of the stock is owned by institutional investors.

In other F5 Networks news, Director Michael L. Dreyer sold 5,679 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $183.03, for a total value of $1,039,427.37. Following the completion of the sale, the director now directly owns 5,679 shares of the company’s stock, valued at approximately $1,039,427.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 3,332 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $168.99, for a total transaction of $563,074.68. Following the completion of the sale, the chief executive officer now directly owns 15,080 shares of the company’s stock, valued at $2,548,369.20. The disclosure for this sale can be found here. Insiders sold 17,327 shares of company stock valued at $3,026,072 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.

FFIV stock opened at $194.60 on Friday. The stock has a market capitalization of $11.59 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.71 and a beta of 0.77. F5 Networks, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $194.82.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, July 25th. The network technology company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.05. The business had revenue of $542.20 million during the quarter, compared to the consensus estimate of $540.59 million. F5 Networks had a net margin of 21.37% and a return on equity of 38.57%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.03 earnings per share. analysts forecast that F5 Networks, Inc. will post 7.64 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of F5 Networks from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. Standpoint Research downgraded shares of F5 Networks from a “buy” rating to a “hold” rating and set a $160.00 price target for the company. in a report on Monday, June 18th. Piper Jaffray Companies reissued a “hold” rating and set a $168.00 price target on shares of F5 Networks in a report on Thursday, July 26th. BMO Capital Markets reissued a “buy” rating and set a $188.00 price target on shares of F5 Networks in a report on Thursday, July 26th. Finally, Credit Suisse Group set a $188.00 price target on shares of F5 Networks and gave the company a “buy” rating in a report on Wednesday, July 18th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $166.16.

F5 Networks Company Profile

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

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

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