Freestone Capital Holdings LLC held its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,010 shares of the network technology company’s stock at the end of the 2nd quarter. Freestone Capital Holdings LLC’s holdings in F5 Networks were worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of FFIV. IFP Advisors Inc boosted its position in F5 Networks by 65.6% during the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after acquiring an additional 380 shares during the last quarter. American Beacon Advisors Inc. acquired a new position in shares of F5 Networks during the first quarter valued at about $153,000. Van ECK Associates Corp raised its holdings in shares of F5 Networks by 6.0% during the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock valued at $164,000 after purchasing an additional 65 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in shares of F5 Networks by 5.1% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,376 shares of the network technology company’s stock valued at $196,000 after purchasing an additional 67 shares during the period. Finally, OppenheimerFunds Inc. raised its holdings in shares of F5 Networks by 6.1% during the first quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock valued at $243,000 after purchasing an additional 98 shares during the period. 96.45% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on FFIV. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of F5 Networks in a report on Tuesday. Piper Jaffray Companies lowered their target price on shares of F5 Networks to $121.00 and set a “neutral” rating on the stock in a report on Thursday, July 27th. BMO Capital Markets restated an “outperform” rating and issued a $124.00 target price (down previously from $132.00) on shares of F5 Networks in a report on Thursday, July 27th. Needham & Company LLC restated a “hold” rating on shares of F5 Networks in a report on Tuesday. Finally, CIBC restated a “market perform” rating on shares of F5 Networks in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $130.81.
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In other F5 Networks news, EVP Ryan C. Kearny sold 836 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $120.59, for a total transaction of $100,813.24. Following the transaction, the executive vice president now directly owns 2,148 shares in the company, valued at approximately $259,027.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Benjamin Gibson sold 3,262 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total transaction of $382,469.50. Following the transaction, the executive vice president now owns 815 shares in the company, valued at $95,558.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,312 shares of company stock worth $2,675,607. Company insiders own 0.26% of the company’s stock.
Shares of F5 Networks, Inc. (NASDAQ FFIV) traded down 0.24% during midday trading on Friday, reaching $116.63. 231,710 shares of the company’s stock were exchanged. F5 Networks, Inc. has a 12-month low of $114.45 and a 12-month high of $149.50. The stock’s 50 day moving average is $118.06 and its 200-day moving average is $129.83. The stock has a market cap of $7.41 billion, a PE ratio of 19.37 and a beta of 1.16.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.03. The business had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.81 earnings per share. On average, equities analysts expect that F5 Networks, Inc. will post $8.17 EPS 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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