Glenmede Trust Co Na buys $83,153,316 stake in F5 Networks (FFIV)

F5 Networks (FFIV) : Glenmede Trust Co Na scooped up 28,800 additional shares in F5 Networks during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 585,793 shares of F5 Networks which is valued at $83,153,316.F5 Networks makes up approximately 0.47% of Glenmede Trust Co Na’s portfolio.

Other Hedge Funds, Including , Barings reduced its stake in FFIV by selling 5,350 shares or 11.38% in the most recent quarter. The Hedge Fund company now holds 41,656 shares of FFIV which is valued at $5,913,069. F5 Networks makes up approx 0.31% of Barings’s portfolio.Matterhorn Capital Management reduced its stake in FFIV by selling 2,709 shares or 20.41% in the most recent quarter. The Hedge Fund company now holds 10,564 shares of FFIV which is valued at $1,477,375. F5 Networks makes up approx 0.95% of Matterhorn Capital Management’s portfolio.Wms Partners reduced its stake in FFIV by selling 700 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 58,760 shares of FFIV which is valued at $8,017,802. F5 Networks makes up approx 1.12% of Wms Partners’s portfolio.State Treasurer State Of Michigan reduced its stake in FFIV by selling 200 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 23,084 shares of FFIV which is valued at $3,123,727. F5 Networks makes up approx 0.03% of State Treasurer State Of Michigan’s portfolio.

F5 Networks closed down -1.9 points or -1.32% at $142.01 with 8,59,616 shares getting traded on Monday. Post opening the session at $143.43, the shares hit an intraday low of $141.32 and an intraday high of $144.2809 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 $2.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $1.94. The company had revenue of $525.30 million for the quarter, compared to analysts expectations of $520.71 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS.

Many Wall Street Analysts have commented on F5 Networks. F5 Networks was Upgraded by Nomura to ” Neutral” on Nov 9, 2016. F5 Networks was Upgraded by Piper Jaffray to ” Overweight” on Oct 27, 2016. Company shares were Reiterated by Wunderlich on Oct 27, 2016 to “Hold”, Firm has raised the Price Target to $ 130 from a previous price target of $110 .

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 one’s network to efficiently and securely deliver applications that are available to users when and where they need them. It can also accelerate one’s application response time minimize latency and delays and reduce the number of data round trips necessary to complete a web request.

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