Twin Capital Management Inc. Sells 13,480 Shares of F5 Networks, Inc. (NASDAQ:FFIV)

Twin Capital Management Inc. lessened its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 38.0% during the second quarter, HoldingsChannel reports. The firm owned 21,970 shares of the network technology company’s stock after selling 13,480 shares during the period. Twin Capital Management Inc.’s holdings in F5 Networks were worth $3,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Guinness Asset Management Ltd grew its stake in F5 Networks by 66.7% in the 2nd quarter. Guinness Asset Management Ltd now owns 170 shares of the network technology company’s stock valued at $25,000 after buying an additional 68 shares in the last quarter. LS Investment Advisors LLC grew its stake in F5 Networks by 3.2% in the 1st quarter. LS Investment Advisors LLC now owns 2,402 shares of the network technology company’s stock valued at $377,000 after buying an additional 75 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in F5 Networks by 1.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 6,354 shares of the network technology company’s stock valued at $997,000 after buying an additional 80 shares in the last quarter. FDx Advisors Inc. grew its stake in F5 Networks by 6.3% in the 2nd quarter. FDx Advisors Inc. now owns 1,541 shares of the network technology company’s stock valued at $224,000 after buying an additional 92 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in F5 Networks by 2.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,033 shares of the network technology company’s stock valued at $587,000 after buying an additional 101 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors.

In related news, EVP Chad Michael Whalen sold 331 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $135.69, for a total value of $44,913.39. Following the completion of the transaction, the executive vice president now directly owns 1,628 shares in the company, valued at $220,903.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas Dean Fountain sold 260 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $130.50, for a total transaction of $33,930.00. Following the completion of the transaction, the executive vice president now owns 2,037 shares of the company’s stock, valued at $265,828.50. The disclosure for this sale can be found here. Insiders have sold a total of 10,860 shares of company stock valued at $1,547,399 over the last 90 days. Company insiders own 0.22% of the company’s stock.

A number of research analysts recently weighed in on the stock. Credit Suisse Group lifted their price objective on shares of F5 Networks from $188.00 to $191.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Goldman Sachs Group lowered shares of F5 Networks from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $165.00 to $120.00 in a research note on Monday, July 8th. Zacks Investment Research lowered shares of F5 Networks from a “hold” rating to a “sell” rating and set a $162.00 price objective for the company. in a research note on Monday, July 29th. ValuEngine upgraded shares of F5 Networks from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th. Finally, Barclays assumed coverage on shares of F5 Networks in a research report on Wednesday, August 7th. They set an “overweight” rating and a $160.00 price target for the company. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $164.06.

Shares of FFIV traded up $2.94 during mid-day trading on Friday, reaching $129.11. 205,903 shares of the stock traded hands, compared to its average volume of 793,464. The firm has a fifty day moving average price of $143.26 and a 200 day moving average price of $151.62. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. F5 Networks, Inc. has a 1 year low of $125.21 and a 1 year high of $199.71.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, July 24th. The network technology company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.06). The firm had revenue of $563.39 million for the quarter, compared to analysts’ expectations of $556.15 million. F5 Networks had a net margin of 21.03% and a return on equity of 36.33%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.44 earnings per share. Equities analysts anticipate that F5 Networks, Inc. will post 8.22 EPS for the current fiscal year.

F5 Networks Company Profile

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

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Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

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