F5 Networks, Inc. (FFIV) Shares Sold by RDL Financial Inc.

RDL Financial Inc. lessened its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 14.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,912 shares of the network technology company’s stock after selling 2,435 shares during the period. RDL Financial Inc.’s holdings in F5 Networks were worth $1,768,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in shares of F5 Networks by 65.6% in the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after buying an additional 380 shares during the period. American Beacon Advisors Inc. acquired a new position in F5 Networks in the first quarter worth about $153,000. Van ECK Associates Corp raised its position in F5 Networks by 6.0% in the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after purchasing an additional 65 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in F5 Networks by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock worth $178,000 after purchasing an additional 21 shares in the last quarter. Finally, Contravisory Investment Management Inc. raised its position in F5 Networks by 0.8% in the second quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock worth $235,000 after purchasing an additional 14 shares in the last quarter. Institutional investors and hedge funds own 96.45% of the company’s stock.

FFIV has been the subject of several recent research reports. Zacks Investment Research lowered shares of F5 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Drexel Hamilton reissued a “buy” rating and issued a $160.00 price target on shares of F5 Networks in a research report on Friday, July 21st. Piper Jaffray Companies lowered shares of F5 Networks from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $144.00 to $136.00 in a research report on Friday, July 14th. Oppenheimer Holdings, Inc. lowered shares of F5 Networks from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $145.00 to $120.00 in a research report on Thursday, July 27th. Finally, Wells Fargo & Company lowered shares of F5 Networks from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $145.00 to $120.00 in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $130.81.

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In other F5 Networks news, EVP Benjamin Gibson sold 3,262 shares of F5 Networks stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total transaction of $382,469.50. Following the completion of the sale, the executive vice president now directly owns 815 shares in the company, valued at $95,558.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Dilullo sold 3,052 shares of F5 Networks stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $120.55, for a total transaction of $367,918.60. Following the sale, the executive vice president now owns 7,255 shares of the company’s stock, valued at $874,590.25. The disclosure for this sale can be found here. Insiders sold 22,312 shares of company stock valued at $2,675,607 over the last 90 days. 0.26% of the stock is owned by company insiders.

F5 Networks, Inc. (NASDAQ:FFIV) opened at 116.62 on Friday. The firm has a 50-day moving average of $117.99 and a 200-day moving average of $129.63. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50. The company has a market capitalization of $7.41 billion, a PE ratio of 19.37 and a beta of 1.16.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, meeting analysts’ consensus estimates of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The company had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. During the same period last year, the business earned $1.81 earnings per share. F5 Networks’s revenue was up 4.3% compared to the same quarter last year. Equities analysts expect that F5 Networks, Inc. will post $8.17 earnings per share for the current fiscal year.

F5 Networks Company Profile

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.

Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

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