Daiwa Securities Group Inc. maintained its position in F5 Networks Inc. (NASDAQ:FFIV) during the second quarter, Holdings Channel reports. The firm owned 1,700 shares of the network technology company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in F5 Networks were worth $194,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of FFIV. State Street Corp boosted its position in F5 Networks by 11.9% in the first quarter. State Street Corp now owns 3,389,202 shares of the network technology company’s stock valued at $358,752,000 after buying an additional 359,112 shares in the last quarter. Panagora Asset Management Inc. boosted its position in F5 Networks by 75.4% in the first quarter. Panagora Asset Management Inc. now owns 668,952 shares of the network technology company’s stock valued at $70,809,000 after buying an additional 287,664 shares in the last quarter. Swedbank boosted its position in F5 Networks by 6.5% in the second quarter. Swedbank now owns 2,676,975 shares of the network technology company’s stock valued at $304,747,000 after buying an additional 163,523 shares in the last quarter. Riverhead Capital Management LLC boosted its position in F5 Networks by 51.3% in the first quarter. Riverhead Capital Management LLC now owns 300,095 shares of the network technology company’s stock valued at $31,765,000 after buying an additional 101,774 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in F5 Networks by 41.2% in the first quarter. JPMorgan Chase & Co. now owns 192,583 shares of the network technology company’s stock valued at $20,384,000 after buying an additional 56,238 shares in the last quarter. Institutional investors and hedge funds own 94.78% of the company’s stock.
Shares of F5 Networks Inc. (NASDAQ:FFIV) traded down 0.45% during mid-day trading on Thursday, hitting $124.94. 387,908 shares of the company traded hands. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 24.42 and a beta of 1.96. The firm has a 50-day moving average of $122.15 and a 200-day moving average of $114.17. F5 Networks Inc. has a one year low of $86.03 and a one year high of $127.13.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, July 20th. The network technology company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.02. F5 Networks had a net margin of 17.96% and a return on equity of 29.95%. The company earned $496.50 million during the quarter, compared to analyst estimates of $495.48 million. During the same period last year, the business earned $1.67 earnings per share. F5 Networks’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts predict that F5 Networks Inc. will post $7.14 earnings per share for the current year.
Several equities analysts have recently commented on FFIV shares. Nomura cut shares of F5 Networks to a “sell” rating and set a $90.00 price target on the stock. in a report on Tuesday, July 19th. Wells Fargo & Co. started coverage on shares of F5 Networks in a report on Monday, June 27th. They set a “buy” rating on the stock. Credit Suisse Group AG boosted their price target on shares of F5 Networks from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, July 13th. DA Davidson boosted their price target on shares of F5 Networks from $125.34 to $145.00 and gave the company a “buy” rating in a report on Friday, August 12th. Finally, Royal Bank Of Canada lifted their price objective on shares of F5 Networks from $110.00 to $115.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $116.01.
In other F5 Networks news, COO Edward Julian Eames sold 6,489 shares of F5 Networks stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $123.99, for a total transaction of $804,571.11. Following the completion of the sale, the chief operating officer now directly owns 27,815 shares in the company, valued at $3,448,781.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Mcadam sold 7,169 shares of F5 Networks stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $126.11, for a total transaction of $904,082.59. Following the sale, the insider now owns 33,682 shares of the company’s stock, valued at $4,247,637.02. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.
F5 Networks Company Profile
F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.
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