Moloney Securities Asset Management LLC decreased its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,230 shares of the network technology company’s stock after selling 100 shares during the period. Moloney Securities Asset Management LLC’s holdings in F5 Networks were worth $350,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FFIV. Intercontinental Wealth Advisors LLC acquired a new stake in F5 Networks in the 4th quarter valued at about $25,000. Lindbrook Capital LLC acquired a new stake in F5 Networks in the 4th quarter valued at about $26,000. Atlas Capital Advisors LLC increased its holdings in shares of F5 Networks by 306.5% during the 1st quarter. Atlas Capital Advisors LLC now owns 187 shares of the network technology company’s stock worth $29,000 after buying an additional 141 shares during the last quarter. Rational Advisors LLC increased its holdings in shares of F5 Networks by 2,009.1% during the 4th quarter. Rational Advisors LLC now owns 232 shares of the network technology company’s stock worth $38,000 after buying an additional 221 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in shares of F5 Networks during the 1st quarter worth approximately $41,000. Institutional investors own 97.15% of the company’s stock.

Shares of NASDAQ FFIV opened at $148.57 on Friday. The company has a market cap of $8.87 billion, a PE ratio of 18.57, a PEG ratio of 1.90 and a beta of 0.91. F5 Networks, Inc. has a 1 year low of $143.52 and a 1 year high of $199.71.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, April 24th. The network technology company reported $2.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.01. The firm had revenue of $544.90 million during the quarter, compared to analysts’ expectations of $547.03 million. F5 Networks had a net margin of 22.91% and a return on equity of 39.13%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $2.31 EPS. Research analysts forecast that F5 Networks, Inc. will post 8.59 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on FFIV shares. Piper Jaffray Companies restated an “underweight” rating and set a $157.00 price target on shares of F5 Networks in a report on Thursday, January 24th. William Blair restated a “market perform” rating on shares of F5 Networks in a report on Tuesday, March 12th. Deutsche Bank cut their price target on shares of F5 Networks from $115.00 to $110.00 and set a “sell” rating for the company in a report on Tuesday, March 12th. Nomura cut their price target on shares of F5 Networks to $155.00 and set a “neutral” rating for the company in a report on Thursday, January 24th. Finally, JPMorgan Chase & Co. downgraded shares of F5 Networks from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $210.00 to $183.00 in a report on Tuesday, March 12th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $173.99.

In related news, VP Kara Lynn Sprague sold 678 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $151.58, for a total transaction of $102,771.24. Following the completion of the transaction, the vice president now owns 6,531 shares of the company’s stock, valued at approximately $989,968.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 4,001 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $151.58, for a total transaction of $606,471.58. Following the transaction, the chief executive officer now directly owns 32,041 shares of the company’s stock, valued at approximately $4,856,774.78. The disclosure for this sale can be found here. Insiders have sold a total of 11,240 shares of company stock valued at $1,740,178 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

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About F5 Networks

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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