Tudor Investment Corp Et Al reduced its position in F5 Networks, Inc. (NASDAQ:FFIV) by 12.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,627 shares of the network technology company’s stock after selling 3,321 shares during the quarter. Tudor Investment Corp Et Al’s holdings in F5 Networks were worth $4,720,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. FORA Capital LLC bought a new position in F5 Networks during the first quarter worth $634,000. California State Teachers Retirement System boosted its stake in F5 Networks by 2.7% during the first quarter. California State Teachers Retirement System now owns 120,408 shares of the network technology company’s stock worth $25,120,000 after acquiring an additional 3,152 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in F5 Networks during the first quarter worth $239,000. Captrust Financial Advisors boosted its stake in F5 Networks by 3.6% during the first quarter. Captrust Financial Advisors now owns 4,107 shares of the network technology company’s stock worth $857,000 after acquiring an additional 143 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in F5 Networks during the first quarter worth $1,707,000. 95.64% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on the stock. TheStreet lowered shares of F5 Networks from a “b” rating to a “c+” rating in a research note on Tuesday, April 27th. Credit Suisse Group raised shares of F5 Networks from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $203.00 to $235.00 in a research note on Thursday, June 10th. The Goldman Sachs Group downgraded shares of F5 Networks from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $191.00 to $165.00 in a report on Tuesday, June 1st. Finally, Needham & Company LLC assumed coverage on shares of F5 Networks in a report on Friday, July 16th. They set a “buy” rating and a $255.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. F5 Networks currently has an average rating of “Buy” and an average target price of $207.07.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Tuesday, April 27th. The network technology company reported $2.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.90. The company had revenue of $645.29 million during the quarter, compared to the consensus estimate of $635.98 million. F5 Networks had a net margin of 11.28% and a return on equity of 18.60%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.23 earnings per share. On average, equities research analysts predict that F5 Networks, Inc. will post 7.02 earnings per share for the current year.
In related news, EVP Geng Lin sold 921 shares of the stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $184.28, for a total transaction of $169,721.88. Following the completion of the transaction, the executive vice president now owns 2,543 shares in the company, valued at $468,624.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Thomas Dean Fountain sold 2,765 shares of the stock in a transaction dated Tuesday, May 4th. The shares were sold at an average price of $181.19, for a total transaction of $500,990.35. Following the transaction, the executive vice president now owns 14,197 shares of the company’s stock, valued at approximately $2,572,354.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,743 shares of company stock valued at $3,095,215. 0.46% of the stock is currently owned by corporate insiders.
F5 Networks Company Profile
F5 Networks, Inc provides multi-cloud application services for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application services enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.
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