F5 Networks, Inc. (FFIV) Position Raised by Harvest Fund Management Co. Ltd

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Harvest Fund Management Co. Ltd increased its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 518.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,546 shares of the network technology company’s stock after purchasing an additional 1,296 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in F5 Networks were worth $308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Moody Aldrich Partners LLC bought a new stake in F5 Networks during the second quarter worth about $54,839,000. Cascade Investment Advisors Inc. lifted its position in F5 Networks by 5.5% during the third quarter. Cascade Investment Advisors Inc. now owns 6,270 shares of the network technology company’s stock worth $1,250,000 after purchasing an additional 325 shares during the period. OppenheimerFunds Inc. lifted its position 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 during the period. Raymond James Financial Services Advisors Inc. lifted its position in F5 Networks by 28.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,868 shares of the network technology company’s stock worth $322,000 after purchasing an additional 419 shares during the period. Finally, Nepsis Inc. lifted its position in F5 Networks by 1.0% during the second quarter. Nepsis Inc. now owns 41,811 shares of the network technology company’s stock worth $7,210,000 after purchasing an additional 419 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Francois Locoh-Donou sold 2,407 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $171.69, for a total value of $413,257.83. Following the completion of the transaction, the chief executive officer now owns 12,673 shares of the company’s stock, valued at $2,175,827.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael L. Dreyer sold 5,679 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $183.03, for a total value of $1,039,427.37. Following the completion of the transaction, the director now directly owns 5,679 shares of the company’s stock, valued at approximately $1,039,427.37. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

F5 Networks stock opened at $175.28 on Thursday. F5 Networks, Inc. has a 1 year low of $119.40 and a 1 year high of $199.71. The company has a market capitalization of $10.43 billion, a PE ratio of 21.91, a PEG ratio of 2.05 and a beta of 0.77.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, October 24th. The network technology company reported $2.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.27. F5 Networks had a return on equity of 40.04% and a net margin of 20.99%. The company had revenue of $562.71 million during the quarter, compared to the consensus estimate of $560.72 million. Analysts expect that F5 Networks, Inc. will post 8.45 EPS for the current fiscal year.

Several research analysts have commented on FFIV shares. Piper Jaffray Companies downgraded F5 Networks from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $168.00 to $180.00 in a research note on Monday, October 1st. Credit Suisse Group boosted their target price on F5 Networks from $188.00 to $216.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 5th. BidaskClub downgraded F5 Networks from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. Zacks Investment Research downgraded F5 Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, Standpoint Research raised F5 Networks from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $174.94.

About F5 Networks

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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