F5 Networks (FFIV) : New Amsterdam Partnersny reduced its stake in F5 Networks by 71.8% during the most recent quarter end. The investment management company now holds a total of 52,868 shares of F5 Networks which is valued at $6,527,612 after selling 134,621 shares in F5 Networks , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.F5 Networks makes up approximately 1.52% of New Amsterdam Partnersny’s portfolio.
Other Hedge Funds, Including , Tradelink Capital sold out all of its stake in FFIV during the most recent quarter. The investment firm sold 1,923 shares of FFIV which is valued $237,433. Herndon Capital Management added FFIV to its portfolio by purchasing 6 company shares during the most recent quarter which is valued at $741.Lucus Advisors reduced its stake in FFIV by selling 1,912 shares or 38.56% in the most recent quarter. The Hedge Fund company now holds 3,047 shares of FFIV which is valued at $375,055. F5 Networks makes up approx 0.29% of Lucus Advisors’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in FFIV in the latest quarter, The investment management firm added 598 additional shares and now holds a total of 17,338 shares of F5 Networks which is valued at $2,030,800. F5 Networks makes up approx 0.04% of Exxonmobil Investment Management Inc Tx’s portfolio. Curian Capital added FFIV to its portfolio by purchasing 20,199 company shares during the most recent quarter which is valued at $2,365,909. F5 Networks makes up approx 0.17% of Curian Capital’s portfolio.
F5 Networks closed down -0.14 points or -0.11% at $123.33 with 4,25,991 shares getting traded on Thursday. Post opening the session at $123.14, the shares hit an intraday low of $123.09 and an intraday high of $123.83 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.