Barings LLC continued to hold its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,957 shares of the network technology company’s stock at the end of the second quarter. Barings LLC owned approximately 0.09% of F5 Networks worth $8,548,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. lifted its stake in F5 Networks by 5.8% in the first quarter. UBS Asset Management Americas Inc. now owns 520,998 shares of the network technology company’s stock valued at $74,279,000 after buying an additional 28,400 shares during the period. Sei Investments Co. boosted its holdings in shares of F5 Networks by 47.7% during the 1st quarter. Sei Investments Co. now owns 8,855 shares of the network technology company’s stock worth $1,262,000 after buying an additional 2,858 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of F5 Networks by 4.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 10,647 shares of the network technology company’s stock worth $1,518,000 after buying an additional 426 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of F5 Networks by 0.4% during 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 buying an additional 9 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of F5 Networks by 28.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,851 shares of the network technology company’s stock worth $264,000 after buying an additional 415 shares in the last quarter. Institutional investors and hedge funds own 96.50% of the company’s stock.

In other F5 Networks news, CEO Francois Locoh-Donou sold 2,029 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $119.61, for a total transaction of $242,688.69. Following the completion of the sale, the chief executive officer now directly owns 2,636 shares in the company, valued at approximately $315,291.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John D. Dilullo sold 3,052 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $120.55, for a total transaction of $367,918.60. Following the sale, the executive vice president now owns 7,255 shares of the company’s stock, valued at $874,590.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,312 shares of company stock worth $2,675,607. 0.26% of the stock is owned by insiders.

Several brokerages have recently commented on FFIV. Deutsche Bank AG reduced their price objective on shares of F5 Networks from $100.00 to $90.00 and set a “sell” rating for the company in a research report on Tuesday. Standpoint Research began coverage on shares of F5 Networks in a research report on Monday. They set an “accumulate” rating and a $160.00 target price on the stock. Zacks Investment Research raised shares of F5 Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Needham & Company LLC reissued a “hold” rating on shares of F5 Networks in a research note on Tuesday, September 12th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of F5 Networks in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. F5 Networks currently has a consensus rating of “Hold” and a consensus price target of $131.94.

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Shares of F5 Networks, Inc. (NASDAQ:FFIV) traded down 4.59% during mid-day trading on Tuesday, hitting $118.04. The company had a trading volume of 624,006 shares. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50. The firm has a 50-day moving average price of $117.95 and a 200-day moving average price of $127.42. The firm has a market capitalization of $7.50 billion, a PE ratio of 19.60 and a beta of 1.14.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, hitting analysts’ consensus estimates of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The firm had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. During the same period in the previous year, the business posted $1.81 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts forecast that F5 Networks, Inc. will post $8.17 earnings per share for the current year.

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.

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

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