Tam Capital Management Exits Position in F5 Networks (FFIV)

F5 Networks (FFIV) : Tam Capital Management has sold out all of its stake in F5 Networks during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 20,000 shares of F5 Networks which is valued at $2,496,000.

Other Hedge Funds, Including , Rodgers Brothers reduced its stake in FFIV by selling 810 shares or 4.73% in the most recent quarter. The Hedge Fund company now holds 16,316 shares of FFIV which is valued at $2,036,237. F5 Networks makes up approx 0.83% of Rodgers Brothers’s portfolio.Paradigm Asset Management Co boosted its stake in FFIV in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 1,450 shares of F5 Networks which is valued at $180,960. F5 Networks makes up approx 0.03% of Paradigm Asset Management Co’s portfolio.Meiji Yasuda Asset Management Co Ltd. boosted its stake in FFIV in the latest quarter, The investment management firm added 894 additional shares and now holds a total of 12,180 shares of F5 Networks which is valued at $1,520,064. F5 Networks makes up approx 0.21% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.Reliance Trust Co Of Delaware boosted its stake in FFIV in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 2,427 shares of F5 Networks which is valued at $302,890. F5 Networks makes up approx 0.03% of Reliance Trust Co Of Delaware’s portfolio.Great West Life Assurance Co Can boosted its stake in FFIV in the latest quarter, The investment management firm added 10,016 additional shares and now holds a total of 52,082 shares of F5 Networks which is valued at $6,430,565. F5 Networks makes up approx 0.02% of Great West Life Assurance Co Can’s portfolio.

F5 Networks opened for trading at $122.42 and hit $123.76 on the upside on Thursday, eventually ending the session at $123.64, with a gain of 0.74% or 0.91 points. The heightened volatility saw the trading volume jump to 5,38,207 shares. Company has a market cap of $8,186 M.

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 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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