Shell Asset Management Co. continued to hold its position in F5 Networks, Inc. (NASDAQ:FFIV) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,798 shares of the network technology company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in F5 Networks were worth $483,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. increased its position in F5 Networks by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 55,851 shares of the network technology company’s stock valued at $7,963,000 after buying an additional 1,273 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of F5 Networks by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 22,744 shares of the network technology company’s stock worth $3,242,000 after buying an additional 300 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of F5 Networks by 0.9% in the first quarter. Capstone Asset Management Co. now owns 11,971 shares of the network technology company’s stock worth $1,707,000 after buying an additional 110 shares in the last quarter. Winslow Evans & Crocker Inc. raised 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 worth $345,000 after buying an additional 14 shares in the last quarter. Finally, Cim LLC raised its stake in shares of F5 Networks by 3.8% in the first quarter. Cim LLC now owns 6,711 shares of the network technology company’s stock worth $957,000 after buying an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

F5 Networks, Inc. (NASDAQ:FFIV) opened at 119.01 on Tuesday. The stock’s 50 day moving average price is $124.55 and its 200-day moving average price is $133.23. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 19.77 and a beta of 1.16. F5 Networks, Inc. has a 12 month low of $114.45 and a 12 month high of $149.50.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting 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 firm had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. During the same period in the previous year, the business earned $1.81 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts predict that F5 Networks, Inc. will post $8.17 EPS for the current year.

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A number of equities research analysts recently commented on FFIV shares. Zacks Investment Research lowered F5 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Piper Jaffray Companies lowered F5 Networks from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $144.00 to $136.00 in a research report on Friday, July 14th. Credit Suisse Group set a $138.00 target price on F5 Networks and gave the company a “hold” rating in a research report on Thursday, April 20th. Royal Bank Of Canada reiterated a “hold” rating and issued a $132.00 target price on shares of F5 Networks in a research report on Monday, May 29th. Finally, Morgan Stanley dropped their target price on F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Friday, April 28th. Three investment 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’s stock. The company currently has a consensus rating of “Hold” and an average target price of $131.19.

In related news, CFO Andrew Reinland sold 6,215 shares of F5 Networks stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 20,601 shares in the company, valued at $2,477,682.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ryan C. Kearny sold 836 shares of F5 Networks stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $120.59, for a total value of $100,813.24. Following the completion of the sale, the executive vice president now owns 2,148 shares in the company, valued at $259,027.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,050 shares of company stock worth $2,293,138. Company 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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