F5 Networks, Inc. (FFIV) Shares Sold by Roosevelt Investment Group Inc.

Roosevelt Investment Group Inc. reduced its position in F5 Networks, Inc. (NASDAQ:FFIV) by 53.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,839 shares of the network technology company’s stock after selling 45,628 shares during the period. Roosevelt Investment Group Inc.’s holdings in F5 Networks were worth $5,680,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. First Bank & Trust increased its position in F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock worth $232,000 after buying an additional 5 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in F5 Networks by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,071 shares of the network technology company’s stock worth $295,000 after buying an additional 9 shares in the last quarter. Winslow Evans & Crocker Inc. increased its position in F5 Networks by 0.6% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,418 shares of the network technology company’s stock worth $345,000 after buying an additional 14 shares in the last quarter. Concert Wealth Management Inc. increased its position in F5 Networks by 0.8% in the first quarter. Concert Wealth Management Inc. now owns 1,867 shares of the network technology company’s stock worth $267,000 after buying an additional 15 shares in the last quarter. Finally, Osborn Williams & Donohoe LLC increased its position in F5 Networks by 3.0% in the first quarter. Osborn Williams & Donohoe LLC now owns 2,060 shares of the network technology company’s stock worth $294,000 after buying an additional 60 shares in the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

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

Shares of F5 Networks, Inc. (NASDAQ FFIV) traded down 0.80% during mid-day trading on Tuesday, reaching $129.58. 225,417 shares of the company’s stock were exchanged. The firm has a market cap of $8.38 billion, a P/E ratio of 22.12 and a beta of 1.12. The company has a 50 day moving average price of $128.83 and a 200 day moving average price of $138.33. F5 Networks, Inc. has a 52-week low of $107.19 and a 52-week high of $149.50.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, April 26th. The network technology company reported $1.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.52 by $0.06. F5 Networks had a net margin of 18.88% and a return on equity of 33.53%. The business had revenue of $518.20 million during the quarter, compared to analysts’ expectations of $523.12 million. During the same period last year, the company posted $1.68 EPS. F5 Networks’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts forecast that F5 Networks, Inc. will post $8.20 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on the stock. Oppenheimer Holdings, Inc. set a $157.00 price objective on shares of F5 Networks and gave the stock a “buy” rating in a research note on Saturday, April 8th. Jefferies Group LLC restated a “hold” rating and set a $130.00 price objective on shares of F5 Networks in a research note on Friday. Cowen and Company restated an “outperform” rating and set a $145.00 price objective on shares of F5 Networks in a research note on Monday, June 5th. Royal Bank Of Canada dropped their target price on shares of F5 Networks from $137.00 to $132.00 and set a “sector perform” rating on the stock in a report on Thursday, April 27th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $165.00 target price on shares of F5 Networks in a report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $136.94.

In other news, Director John Mcadam sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $130.17, for a total value of $1,301,700.00. Following the completion of the sale, the director now owns 66,953 shares of the company’s stock, valued at approximately $8,715,272.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ryan C. Kearny sold 846 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $127.95, for a total transaction of $108,245.70. Following the completion of the sale, the executive vice president now directly owns 1,071 shares of the company’s stock, valued at approximately $137,034.45. The disclosure for this sale can be found here. Insiders sold a total of 25,146 shares of company stock valued at $3,234,190 in the last ninety days. 0.26% of the stock is owned by corporate insiders.

F5 Networks Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FFIV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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