F5 Networks, Inc. (FFIV) Position Reduced by Korea Investment CORP

Korea Investment CORP decreased its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 31.7% during the second quarter, Holdings Channel reports. The firm owned 63,400 shares of the network technology company’s stock after selling 29,400 shares during the period. Korea Investment CORP’s holdings in F5 Networks were worth $8,056,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in FFIV. First Bank & Trust increased its stake in shares of F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock valued at $232,000 after buying an additional 5 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of 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 valued at $295,000 after buying an additional 9 shares during the period. Winslow Evans & Crocker Inc. increased its stake in shares of 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 valued at $345,000 after buying an additional 14 shares during the period. Contravisory Investment Management Inc. increased its stake in shares of F5 Networks by 0.8% in the second quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock valued at $235,000 after buying an additional 14 shares during the period. Finally, Concert Wealth Management Inc. increased its stake in shares of 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 valued at $267,000 after buying an additional 15 shares during the period. 96.92% of the stock is currently owned by institutional investors.

Shares of F5 Networks, Inc. (NASDAQ:FFIV) opened at 118.63 on Thursday. The firm’s 50-day moving average is $125.54 and its 200-day moving average is $133.79. F5 Networks, Inc. has a 12-month low of $114.45 and a 12-month high of $149.50. The company has a market capitalization of $7.54 billion, a PE ratio of 19.70 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 EPS for the quarter, meeting analysts’ consensus estimates of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The company had revenue of $517.80 million during the quarter, compared to the consensus estimate of $525.57 million. During the same quarter last year, the firm posted $1.81 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts anticipate that F5 Networks, Inc. will post $8.17 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/2796213/f5-networks-inc-ffiv-position-reduced-by-korea-investment-corp.html.

Several brokerages have issued reports on FFIV. Wells Fargo & Company downgraded shares of F5 Networks from an “outperform” rating to a “market perform” rating and cut their target price for the company from $145.00 to $120.00 in a research note on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and set a $130.00 target price on shares of F5 Networks in a research note on Friday, June 16th. Piper Jaffray Companies cut their target price on shares of F5 Networks to $121.00 and set a “neutral” rating on the stock in a research note on Thursday, July 27th. Royal Bank Of Canada cut 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 research note on Thursday, April 27th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $145.00 price target on shares of F5 Networks in a research note on Monday, June 5th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $132.00.

In other news, CEO Francois Locoh-Donou sold 2,029 shares of F5 Networks stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $119.61, for a total value of $242,688.69. Following the completion of the transaction, the chief executive officer now owns 2,636 shares of the company’s stock, valued at approximately $315,291.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ryan C. Kearny sold 836 shares of F5 Networks stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $120.59, for a total transaction of $100,813.24. Following the completion of the transaction, the executive vice president now directly owns 2,148 shares of the company’s stock, valued at approximately $259,027.32. The disclosure for this sale can be found here. In the last three months, insiders sold 19,050 shares of company stock valued at $2,293,138. Insiders own 0.26% of the company’s stock.

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.

Want to see what other hedge funds are holding FFIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F5 Networks, Inc. (NASDAQ:FFIV).

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

Receive News & Ratings for F5 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.