California State Teachers Retirement System Cuts Stake in F5 Networks, Inc. (FFIV)

California State Teachers Retirement System lowered its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,329 shares of the network technology company’s stock after selling 15,071 shares during the period. California State Teachers Retirement System owned about 0.19% of F5 Networks worth $15,035,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in FFIV. Contravisory Investment Management Inc. boosted its position in F5 Networks by 0.8% during the second 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 during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in F5 Networks by 1.5% during the second 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 during the last quarter. Intrust Bank NA boosted its position in F5 Networks by 1.1% during the second quarter. Intrust Bank NA now owns 4,590 shares of the network technology company’s stock worth $584,000 after acquiring an additional 50 shares during the last quarter. Synovus Financial Corp boosted its position in F5 Networks by 4.5% during the second quarter. Synovus Financial Corp now owns 1,851 shares of the network technology company’s stock worth $241,000 after acquiring an additional 79 shares during the last quarter. Finally, MAI Capital Management boosted its position in F5 Networks by 1.2% during the second quarter. MAI Capital Management now owns 6,906 shares of the network technology company’s stock worth $877,000 after acquiring an additional 80 shares during the last quarter. 96.25% of the stock is owned by institutional investors and hedge funds.

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Shares of F5 Networks, Inc. (NASDAQ:FFIV) opened at 116.74 on Thursday. F5 Networks, Inc. has a 1-year low of $114.63 and a 1-year high of $149.50. The firm has a market cap of $7.42 billion, a PE ratio of 19.39 and a beta of 1.14. The stock has a 50 day moving average of $117.84 and a 200 day moving average of $125.09.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) 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 company had revenue of $517.80 million during the quarter, compared to the consensus estimate of $525.57 million. During the same quarter in the previous year, the company posted $1.81 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that F5 Networks, Inc. will post $8.17 earnings per share for the current fiscal year.

FFIV has been the topic of a number of recent research reports. Piper Jaffray Companies lowered shares of F5 Networks from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $144.00 to $136.00 in a research report on Friday, July 14th. Drexel Hamilton restated a “buy” rating and set a $160.00 price target on shares of F5 Networks in a research report on Friday, July 21st. BidaskClub lowered shares of F5 Networks from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Robert W. Baird restated a “hold” rating on shares of F5 Networks in a research report on Thursday, July 27th. Finally, Citigroup Inc. lowered shares of F5 Networks to a “market perform” rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $128.06.

In related news, COO Edward Julian Eames sold 4,378 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $120.63, for a total value of $528,118.14. Following the completion of the sale, the chief operating officer now owns 35,088 shares of the company’s stock, valued at $4,232,665.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Higginson sold 2,540 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $120.52, for a total transaction of $306,120.80. Following the completion of the sale, the director now directly owns 13,310 shares of the company’s stock, valued at approximately $1,604,121.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,312 shares of company stock valued at $2,675,607. Corporate insiders own 0.26% of the company’s stock.

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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