Todd Asset Management buys $60,473,137 stake in F5 Networks (FFIV)

F5 Networks (FFIV) : Todd Asset Management scooped up 114,139 additional shares in F5 Networks during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 489,780 shares of F5 Networks which is valued at $60,473,137.F5 Networks makes up approximately 1.86% of Todd Asset Management’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. Chicago Equity Partners added FFIV to its portfolio by purchasing 11,610 company shares during the most recent quarter which is valued at $1,432,906. F5 Networks makes up approx 0.04% of Chicago Equity Partners’s portfolio.Montag Caldwell boosted its stake in FFIV in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 4,026 shares of F5 Networks which is valued at $496,889. F5 Networks makes up approx 0.01% of Montag Caldwell’s portfolio.Hartford Investment Management Co reduced its stake in FFIV by selling 1,069 shares or 6.06% in the most recent quarter. The Hedge Fund company now holds 16,568 shares of FFIV which is valued at $2,041,840. F5 Networks makes up approx 0.04% of Hartford Investment Management Co’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 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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