Twin Capital Management Inc. Has $5.77 Million Stake in F5 Networks, Inc. (FFIV)

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Twin Capital Management Inc. lifted its holdings in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 2.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,440 shares of the network technology company’s stock after acquiring an additional 760 shares during the period. Twin Capital Management Inc.’s holdings in F5 Networks were worth $5,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Glen Harbor Capital Management LLC raised its holdings in F5 Networks by 28.3% during the second quarter. Glen Harbor Capital Management LLC now owns 76,624 shares of the network technology company’s stock worth $13,214,000 after purchasing an additional 16,880 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in F5 Networks by 28.8% during the second quarter. OppenheimerFunds Inc. now owns 1,804 shares of the network technology company’s stock worth $311,000 after purchasing an additional 403 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in F5 Networks by 50.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 26,551 shares of the network technology company’s stock worth $4,579,000 after purchasing an additional 8,864 shares in the last quarter. Renaissance Technologies LLC raised its holdings in F5 Networks by 0.5% during the second quarter. Renaissance Technologies LLC now owns 1,807,974 shares of the network technology company’s stock worth $311,785,000 after purchasing an additional 9,200 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its holdings in F5 Networks by 17.3% during the second quarter. Ontario Teachers Pension Plan Board now owns 31,112 shares of the network technology company’s stock worth $5,365,000 after purchasing an additional 4,593 shares in the last quarter. Institutional investors and hedge funds own 99.94% of the company’s stock.

Shares of NASDAQ FFIV traded up $0.64 during trading on Thursday, hitting $190.36. The company had a trading volume of 25,463 shares, compared to its average volume of 479,402. The stock has a market capitalization of $11.50 billion, a P/E ratio of 29.47, a P/E/G ratio of 2.69 and a beta of 0.77. F5 Networks, Inc. has a 52 week low of $114.63 and a 52 week high of $192.92.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.39 by $0.05. The company had revenue of $542.20 million for the quarter, compared to analysts’ expectations of $540.59 million. F5 Networks had a return on equity of 38.57% and a net margin of 21.37%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 earnings per share. sell-side analysts predict that F5 Networks, Inc. will post 7.64 earnings per share for the current year.

In other F5 Networks news, CEO Francois Locoh-Donou sold 6,666 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $177.13, for a total transaction of $1,180,748.58. Following the sale, the chief executive officer now directly owns 10,037 shares of the company’s stock, valued at approximately $1,777,853.81. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Mcadam sold 10,000 shares of the business’s stock in a transaction on Friday, June 8th. The shares were sold at an average price of $176.60, for a total transaction of $1,766,000.00. Following the sale, the director now directly owns 16,416 shares in the company, valued at $2,899,065.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,993 shares of company stock worth $5,972,820. Company insiders own 0.26% of the company’s stock.

Several equities research analysts recently commented on FFIV shares. Standpoint Research cut F5 Networks from a “buy” rating to a “hold” rating and set a $160.00 target price on the stock. in a report on Monday, June 18th. Morgan Stanley cut F5 Networks from an “equal weight” rating to an “underweight” rating and set a $130.00 target price on the stock. in a report on Thursday, July 19th. Bank of America boosted their target price on F5 Networks from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 11th. Credit Suisse Group set a $188.00 target price on F5 Networks and gave the stock a “buy” rating in a report on Monday, May 21st. Finally, BidaskClub cut F5 Networks from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $166.16.

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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