F5 Networks, Inc. (FFIV) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group raised its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 157.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,704 shares of the network technology company’s stock after acquiring an additional 56,651 shares during the quarter. Schroder Investment Management Group owned approximately 0.15% of F5 Networks worth $11,803,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in F5 Networks by 65.6% in 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. purchased a new position in F5 Networks in the first quarter valued at about $153,000. Van ECK Associates Corp boosted its stake in F5 Networks by 6.0% in the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock valued at $164,000 after acquiring an additional 65 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in F5 Networks by 5.1% in 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 acquiring an additional 67 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in 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 acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 96.45% of the company’s stock.

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In other news, COO Edward Julian Eames sold 4,378 shares of F5 Networks stock in a transaction that occurred 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 $4,232,665.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Francois Locoh-Donou sold 2,029 shares of F5 Networks stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $119.61, for a total transaction of $242,688.69. Following the sale, the chief executive officer now owns 2,636 shares in the company, valued at approximately $315,291.96. The disclosure for this sale can be found here. Insiders have sold 22,312 shares of company stock worth $2,675,607 in the last ninety days. Insiders own 0.26% of the company’s stock.

A number of research analysts have weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $130.00 target price on shares of F5 Networks in a research note on Friday, June 16th. Piper Jaffray Companies cut shares of 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 note on Friday, July 14th. Zacks Investment Research cut shares of F5 Networks from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Needham & Company LLC reiterated a “hold” rating on shares of F5 Networks in a research note on Tuesday. Finally, BidaskClub cut shares of F5 Networks from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. F5 Networks has an average rating of “Hold” and an average price target of $130.81.

F5 Networks, Inc. (NASDAQ FFIV) opened at 116.62 on Friday. F5 Networks, Inc. has a one year low of $114.45 and a one year high of $149.50. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 19.37 and a beta of 1.16. The stock has a 50 day moving average of $117.99 and a 200-day moving average of $129.63.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting the 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 the consensus estimate of $525.57 million. During the same quarter in the previous year, the firm earned $1.81 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts predict that F5 Networks, Inc. will post $8.17 EPS for the current fiscal year.

About F5 Networks

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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