Ativo Capital Management LLC lessened its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 14.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,250 shares of the network technology company’s stock after selling 1,500 shares during the period. Ativo Capital Management LLC’s holdings in F5 Networks were worth $1,175,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its position in F5 Networks by 0.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,071 shares of the network technology company’s stock worth $295,000 after purchasing an additional 9 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in F5 Networks by 0.8% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock worth $235,000 after purchasing an additional 14 shares in the last quarter. Concert Wealth Management Inc. boosted its position in F5 Networks by 0.8% in the 1st quarter. Concert Wealth Management Inc. now owns 1,867 shares of the network technology company’s stock worth $267,000 after purchasing an additional 15 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in F5 Networks by 1.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock worth $178,000 after purchasing an additional 21 shares in the last quarter. Finally, Intrust Bank NA boosted its position in F5 Networks by 1.1% in the 2nd quarter. Intrust Bank NA now owns 4,590 shares of the network technology company’s stock worth $584,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 96.50% of the company’s stock.

Several equities research analysts have commented on the company. Needham & Company LLC restated a “hold” rating on shares of F5 Networks in a research report on Tuesday, September 12th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of F5 Networks in a research note on Tuesday, September 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $124.00 target price on shares of F5 Networks in a research note on Thursday, August 31st. Zacks Investment Research downgraded F5 Networks from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $124.00 target price (down from $132.00) on shares of F5 Networks in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $130.81.

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F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $2.03. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The company had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $525.57 million. During the same period in the previous year, the firm posted $1.81 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year.

In other news, CFO Andrew Reinland sold 6,215 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $120.27, for a total value of $747,478.05. Following the completion of the transaction, the chief financial officer now directly owns 20,601 shares of the company’s stock, valued at $2,477,682.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Benjamin Gibson sold 3,262 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total value of $382,469.50. Following the completion of the transaction, the executive vice president now directly owns 815 shares of the company’s stock, valued at $95,558.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,312 shares of company stock valued at $2,675,607. Insiders own 0.26% of the company’s stock.

F5 Networks 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.

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

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