Tradewinds Capital Management LLC Reduces Position in F5 Networks, Inc. (FFIV)

Tradewinds Capital Management LLC cut its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,511 shares of the network technology company’s stock after selling 100 shares during the period. Tradewinds Capital Management LLC’s holdings in F5 Networks were worth $827,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc raised its position in shares of F5 Networks by 65.6% in the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock worth $122,000 after buying an additional 380 shares in the last quarter. American Beacon Advisors Inc. bought a new stake in F5 Networks during the first quarter worth $153,000. Van ECK Associates Corp increased 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 worth $164,000 after buying an additional 65 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased 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 worth $196,000 after buying an additional 67 shares during the last quarter. Finally, First Bank & Trust increased its stake in F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock worth $232,000 after buying an additional 5 shares during the last quarter. 96.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of F5 Networks, Inc. (NASDAQ FFIV) opened at 118.63 on Thursday. The firm’s 50-day moving average price is $125.54 and its 200 day moving average price is $133.79. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 19.70 and a beta of 1.16. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $2.03. The firm had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.81 earnings per share. On average, equities research analysts forecast that F5 Networks, Inc. will post $8.17 EPS for the current year.

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FFIV has been the subject of a number of recent analyst reports. Drexel Hamilton reiterated a “buy” rating and set a $160.00 target price on shares of F5 Networks in a research report on Friday, July 21st. Morgan Stanley dropped their price objective on F5 Networks from $136.00 to $130.00 and set an “equal weight” rating for the company in a research report on Friday, April 28th. Credit Suisse Group set a $138.00 price objective on F5 Networks and gave the stock a “hold” rating in a research report on Thursday, April 20th. Robert W. Baird restated a “hold” rating on shares of F5 Networks in a research report on Thursday, April 27th. Finally, Jefferies Group LLC restated a “hold” rating and set a $130.00 price objective on shares of F5 Networks in a research report on Friday, June 16th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company’s stock. F5 Networks presently has an average rating of “Hold” and an average price target of $132.00.

In related news, CFO Andrew Reinland sold 6,215 shares of F5 Networks stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $120.27, for a total value of $747,478.05. Following the completion of the transaction, the chief financial officer now owns 20,601 shares in the company, valued at $2,477,682.27. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 2,029 shares of F5 Networks stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $119.61, for a total value of $242,688.69. Following the completion of the transaction, the chief executive officer now owns 2,636 shares of the company’s stock, valued at approximately $315,291.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,050 shares of company stock valued at $2,293,138. 0.26% of the stock is currently owned by company insiders.

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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