Twin Tree Management LP Buys New Position in F5 Networks, Inc. (NASDAQ:FFIV)

Twin Tree Management LP bought a new stake in F5 Networks, Inc. (NASDAQ:FFIV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,121 shares of the network technology company’s stock, valued at approximately $905,000.

Several other hedge funds have also modified their holdings of the company. IFP Advisors Inc grew its holdings in F5 Networks by 65.6% during the 2nd quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after purchasing an additional 380 shares in the last quarter. American Beacon Advisors Inc. acquired a new position in F5 Networks during the 1st quarter worth $153,000. Van ECK Associates Corp grew its holdings in F5 Networks by 6.0% during the 1st quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after acquiring an additional 65 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in F5 Networks by 1.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock worth $178,000 after acquiring an additional 21 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in F5 Networks by 0.8% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock worth $235,000 after acquiring an additional 14 shares in the last quarter. 96.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of F5 Networks, Inc. (NASDAQ:FFIV) traded down 0.49% during mid-day trading on Friday, hitting $116.34. 120,404 shares of the stock were exchanged. The company has a market capitalization of $7.39 billion, a PE ratio of 19.32 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. The firm has a 50-day moving average price of $118.06 and a 200 day moving average price of $129.83.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.03. The firm had revenue of $517.80 million during the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. 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 company earned $1.81 EPS. On average, equities research analysts expect that F5 Networks, Inc. will post $8.17 earnings per share for the current year.

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In other news, CEO Francois Locoh-Donou sold 2,029 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $119.61, for a total transaction of $242,688.69. Following the completion of the transaction, the chief executive officer now owns 2,636 shares in the company, valued at approximately $315,291.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Benjamin Gibson sold 3,262 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total value of $382,469.50. Following the transaction, the executive vice president now owns 815 shares of the company’s stock, valued at approximately $95,558.75. The disclosure for this sale can be found here. Insiders sold a total of 22,312 shares of company stock valued at $2,675,607 in the last 90 days. Corporate insiders own 0.26% of the company’s stock.

Several brokerages have weighed in on FFIV. Wells Fargo & Company lowered shares of F5 Networks from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $145.00 to $120.00 in a report on Thursday, July 27th. Piper Jaffray Companies decreased their price target on shares of F5 Networks to $121.00 and set a “neutral” rating for the company in a report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $130.00 price target on shares of F5 Networks in a report on Friday, June 16th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of F5 Networks in a report on Tuesday. Finally, Cowen and Company reiterated an “outperform” rating and issued a $145.00 price objective on shares of F5 Networks in a research report on Monday, June 5th. Three investment 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. F5 Networks currently has an average rating of “Hold” and a consensus price target of $130.81.

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.

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

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