Wms Partners buys $7,420,608 stake in F5 Networks (FFIV)

F5 Networks (FFIV) : Wms Partners scooped up 2,375 additional shares in F5 Networks during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 59,460 shares of F5 Networks which is valued at $7,420,608.F5 Networks makes up approximately 0.98% of Wms Partners’s portfolio.

Other Hedge Funds, Including , Fdo Partners sold out all of its stake in FFIV during the most recent quarter. The investment firm sold 4,083 shares of FFIV which is valued $509,558.American Capital Management Inc boosted its stake in FFIV in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 25,325 shares of F5 Networks which is valued at $3,126,878. F5 Networks makes up approx 0.25% of American Capital Management Inc’s portfolio. Amica Mutual Insurance Co added FFIV to its portfolio by purchasing 14,641 company shares during the most recent quarter which is valued at $1,807,724. F5 Networks makes up approx 0.17% of Amica Mutual Insurance Co’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in FFIV by selling 760 shares or 4.77% in the most recent quarter. The Hedge Fund company now holds 15,158 shares of FFIV which is valued at $1,870,800. F5 Networks makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.Genesee Valley Trust Co reduced its stake in FFIV by selling 1,036 shares or 11.75% in the most recent quarter. The Hedge Fund company now holds 7,783 shares of FFIV which is valued at $958,009. F5 Networks makes up approx 0.62% of Genesee Valley Trust Co’s portfolio.

F5 Networks opened for trading at $123.16 and hit $124.647 on the upside on Friday, eventually ending the session at $124.24, with a gain of 0.47% or 0.58 points. The heightened volatility saw the trading volume jump to 6,18,410 shares. Company has a market cap of $8,225 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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