F5 Networks (FFIV) : Cfo4life scooped up 275 additional shares in F5 Networks during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 3,652 shares of F5 Networks which is valued at $456,610.F5 Networks makes up approximately 0.38% of Cfo4life’s portfolio.
Other Hedge Funds, Including , Assetmark Inc boosted its stake in FFIV in the latest quarter, The investment management firm added 211 additional shares and now holds a total of 409 shares of F5 Networks which is valued at $51,137.Calvert Investment Management boosted its stake in FFIV in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 3,529 shares of F5 Networks which is valued at $443,419. F5 Networks makes up approx 0.02% of Calvert Investment Management’s portfolio.Cobiz Investment Management reduced its stake in FFIV by selling 318 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 39,273 shares of FFIV which is valued at $4,849,037. F5 Networks makes up approx 1.18% of Cobiz Investment Management’s portfolio.Shinko Asset Management Ltd. reduced its stake in FFIV by selling 953 shares or 31.46% in the most recent quarter. The Hedge Fund company now holds 2,076 shares of FFIV which is valued at $255,846.Wealthtrust-arizona boosted its stake in FFIV in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 42 shares of F5 Networks which is valued at $5,176.
F5 Networks closed down -0.05 points or -0.04% at $124.75 with 8,63,656 shares getting traded on Monday. Post opening the session at $124.71, the shares hit an intraday low of $123.8285 and an intraday high of $125.66 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, F5 Networks reported $1.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.79. The company had revenue of $496.52 million for the quarter, compared to analysts expectations of $495.70 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS.
Many Wall Street Analysts have commented on F5 Networks. Company shares were Initiated by Wunderlich on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $100 .F5 Networks was Downgraded by Credit Suisse to ” Neutral” on Jul 21, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 120 from a previous price target of $115 .
F5 Networks Inc. is the developer and provider of application delivery services. The Company’s core technology is a full-proxy programmable software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud data center and software-defined networking deployments to successfully deliver applications to anyone anywhere at any time. It works with many technology companies to improve manageability strengthen security and ensure faster and more successful deployments. Its applications include availability and delivery. It can remove the roadblocks in ones network to efficiently and securely deliver applications that are available to users when and where they need them. It can also accelerate ones application response time minimize latency and delays and reduce the number of data round trips necessary to complete a web request.