F5 Networks, Inc. (FFIV) Holdings Cut by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. lessened its position in F5 Networks, Inc. (NASDAQ:FFIV) by 68.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,438 shares of the network technology company’s stock after selling 57,919 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in F5 Networks were worth $3,187,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of F5 Networks by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,416,690 shares of the network technology company’s stock valued at $815,305,000 after purchasing an additional 16,411 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of F5 Networks by 5.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,740,209 shares of the network technology company’s stock valued at $221,111,000 after purchasing an additional 95,035 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of F5 Networks by 9.3% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,450,142 shares of the network technology company’s stock valued at $184,254,000 after purchasing an additional 123,489 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of F5 Networks by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,410,973 shares of the network technology company’s stock valued at $170,107,000 after purchasing an additional 26,260 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in shares of F5 Networks by 24.4% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,401,720 shares of the network technology company’s stock valued at $168,991,000 after purchasing an additional 274,997 shares in the last quarter. 95.19% of the stock is currently owned by institutional investors and hedge funds.

F5 Networks, Inc. (FFIV) opened at $131.87 on Tuesday. The stock has a market cap of $8,203.57, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.08 and a beta of 1.06. F5 Networks, Inc. has a twelve month low of $114.63 and a twelve month high of $149.50.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, October 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.24. The business had revenue of $538.00 million during the quarter, compared to analysts’ expectations of $534.71 million. F5 Networks had a net margin of 20.13% and a return on equity of 34.70%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.11 earnings per share. analysts predict that F5 Networks, Inc. will post 6.7 EPS for the current fiscal year.

F5 Networks declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the network technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank reaffirmed a “sell” rating and set a $90.00 target price (down previously from $100.00) on shares of F5 Networks in a research note on Tuesday, October 3rd. Robert W. Baird reissued a “hold” rating and set a $120.00 price target on shares of F5 Networks in a research report on Thursday, October 26th. Cowen reissued a “buy” rating and set a $140.00 price target on shares of F5 Networks in a research report on Friday, October 27th. BMO Capital Markets lowered their price target on shares of F5 Networks from $124.00 to $122.00 and set a “market perform” rating for the company in a research report on Thursday, October 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of F5 Networks in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $125.94.

In other F5 Networks news, CFO Andrew Reinland sold 2,241 shares of F5 Networks stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $121.03, for a total value of $271,228.23. Following the completion of the transaction, the chief financial officer now directly owns 15,369 shares of the company’s stock, valued at $1,860,110.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Benjamin Gibson sold 932 shares of F5 Networks stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $119.52, for a total transaction of $111,392.64. Following the completion of the transaction, the chief marketing officer now directly owns 1,651 shares of the company’s stock, valued at $197,327.52. The disclosure for this sale can be found here. Insiders sold 35,712 shares of company stock valued at $4,316,345 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

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F5 Networks 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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