Stevens Capital Management LP Takes Position in F5 Networks, Inc. (FFIV)

Stevens Capital Management LP bought a new position in shares of F5 Networks, Inc. (NASDAQ:FFIV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 79,368 shares of the network technology company’s stock, valued at approximately $10,084,000. Stevens Capital Management LP owned 0.12% of F5 Networks as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in FFIV. BlackRock Inc. raised its position in shares of F5 Networks by 2,108.1% during the first quarter. BlackRock Inc. now owns 4,404,873 shares of the network technology company’s stock worth $628,003,000 after purchasing an additional 4,205,384 shares during the period. Morgan Stanley raised its position in F5 Networks by 171.1% during the first quarter. Morgan Stanley now owns 829,117 shares of the network technology company’s stock valued at $118,207,000 after buying an additional 523,250 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in F5 Networks by 3,947.5% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 366,821 shares of the network technology company’s stock valued at $52,298,000 after buying an additional 357,758 shares during the period. Ameriprise Financial Inc. raised its position in F5 Networks by 25.9% during the second quarter. Ameriprise Financial Inc. now owns 1,002,305 shares of the network technology company’s stock valued at $127,356,000 after buying an additional 206,385 shares during the period. Finally, Old Mutual Global Investors UK Ltd. raised its position in F5 Networks by 20.7% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,126,723 shares of the network technology company’s stock valued at $143,161,000 after buying an additional 193,227 shares during the period. 96.45% of the stock is currently owned by institutional investors.

FFIV has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “hold” rating and set a $132.00 price target on shares of F5 Networks in a research report on Monday, May 29th. Cowen and Company reissued an “outperform” rating and set a $145.00 price target on shares of F5 Networks in a research report on Monday, June 5th. Jefferies Group LLC reissued a “hold” rating and set a $130.00 price target on shares of F5 Networks in a research report on Friday, June 16th. Piper Jaffray Companies lowered F5 Networks from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $144.00 to $136.00 in a research report on Friday, July 14th. Finally, Drexel Hamilton reissued a “buy” rating and set a $160.00 price target on shares of F5 Networks in a research report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $130.81.

In related news, EVP Benjamin Gibson sold 3,262 shares of F5 Networks 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 completion of the transaction, the executive vice president now owns 815 shares in the company, valued at $95,558.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Edward Julian Eames sold 4,378 shares of F5 Networks stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $120.63, for a total value of $528,118.14. Following the transaction, the chief operating officer now owns 35,088 shares of the company’s stock, valued at approximately $4,232,665.44. The disclosure for this sale can be found here. Insiders have sold 22,312 shares of company stock valued at $2,675,607 in the last quarter. 0.26% of the stock is currently owned by corporate insiders.

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Shares of F5 Networks, Inc. (NASDAQ:FFIV) traded down 0.25% during mid-day trading on Friday, reaching $116.62. The company had a trading volume of 1,184,030 shares. The firm’s 50-day moving average is $117.99 and its 200 day moving average is $129.63. F5 Networks, Inc. has a 12 month low of $114.45 and a 12 month high of $149.50. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 19.37 and a beta of 1.16.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, hitting analysts’ consensus estimates of $2.03. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The business had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $525.57 million. During the same quarter last year, the company posted $1.81 earnings per share. F5 Networks’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts predict that F5 Networks, Inc. will post $8.17 earnings per share 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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Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

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