Public Employees Retirement Association of Colorado lowered its position in F5 Networks, Inc. (NASDAQ:FFIV) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 13,305 shares of the network technology company’s stock after selling 89 shares during the period. Public Employees Retirement Association of Colorado’s holdings in F5 Networks were worth $1,691,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. OppenheimerFunds Inc. increased its stake in shares of F5 Networks by 6.1% in the first quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock valued at $243,000 after buying an additional 98 shares during the period. Soros Fund Management LLC bought a new stake in shares of F5 Networks during the first quarter valued at about $385,000. American Beacon Advisors Inc. bought a new stake in shares of F5 Networks during the first quarter valued at about $153,000. 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. Finally, CFO4Life Group LLC bought a new stake in shares of F5 Networks during the first quarter valued at about $413,000. Institutional investors and hedge funds own 96.92% of the company’s stock.

F5 Networks, Inc. (FFIV) opened at 117.82 on Friday. The company has a market capitalization of $7.49 billion, a PE ratio of 19.57 and a beta of 1.16. The company has a 50-day moving average of $124.87 and a 200-day moving average of $133.50. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50.

F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The business had revenue of $517.80 million for the quarter, compared to analysts’ expectations of $525.57 million. During the same period in the prior year, the company posted $1.81 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that F5 Networks, Inc. will post $8.17 EPS for the current year.

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Several equities research analysts have issued reports on FFIV shares. Zacks Investment Research downgraded shares of F5 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Piper Jaffray Companies downgraded shares of F5 Networks from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $144.00 to $136.00 in a research report on Friday, July 14th. Credit Suisse Group set a $138.00 price objective on shares of F5 Networks and gave the stock a “hold” rating in a research report on Thursday, April 20th. Royal Bank Of Canada restated a “hold” rating and set a $132.00 price objective on shares of F5 Networks in a research report on Monday, May 29th. Finally, Morgan Stanley cut their price objective on shares of F5 Networks from $136.00 to $130.00 and set an “equal weight” rating for the company in a research report on Friday, April 28th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $132.00.

In other news, COO Edward Julian Eames sold 4,378 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $120.63, for a total transaction of $528,118.14. Following the sale, the chief operating officer now owns 35,088 shares in the company, valued at approximately $4,232,665.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ryan C. Kearny sold 836 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $120.59, for a total transaction of $100,813.24. Following the sale, the executive vice president now owns 2,148 shares in the company, valued at approximately $259,027.32. The disclosure for this sale can be found here. Insiders sold a total of 19,050 shares of company stock worth $2,293,138 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

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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