Royal Bank of Canada Trims Stake in F5 Networks, Inc. (FFIV)

Royal Bank of Canada reduced its position in F5 Networks, Inc. (NASDAQ:FFIV) by 20.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 221,592 shares of the network technology company’s stock after selling 58,618 shares during the period. Royal Bank of Canada owned 0.35% of F5 Networks worth $28,154,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Zurich Insurance Group Ltd FI purchased a new stake in shares of F5 Networks in the 2nd quarter valued at about $730,000. QCM Cayman Ltd. lifted its holdings in shares of F5 Networks by 14.8% in the 2nd quarter. QCM Cayman Ltd. now owns 1,937 shares of the network technology company’s stock valued at $246,000 after purchasing an additional 250 shares during the last quarter. Institute for Wealth Management LLC. purchased a new stake in shares of F5 Networks in the 2nd quarter valued at about $234,000. Clinton Group Inc. purchased a new stake in shares of F5 Networks in the 2nd quarter valued at about $3,160,000. Finally, Tudor Investment Corp ET AL lifted its holdings in shares of F5 Networks by 688.6% in the 2nd quarter. Tudor Investment Corp ET AL now owns 13,407 shares of the network technology company’s stock valued at $1,703,000 after purchasing an additional 11,707 shares during the last quarter. 96.50% of the stock is owned by institutional investors and hedge funds.

In related news, EVP John D. Dilullo sold 3,052 shares of the firm’s 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 transaction, the executive vice president now owns 7,255 shares in the company, valued at $874,590.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Benjamin Gibson sold 3,262 shares of the firm’s 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 transaction, the executive vice president now owns 815 shares in the company, valued at approximately $95,558.75. The disclosure for this sale can be found here. Insiders have sold 22,312 shares of company stock worth $2,675,607 in the last quarter. Company insiders own 0.26% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Royal Bank of Canada Trims Stake in F5 Networks, Inc. (FFIV)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/09/royal-bank-of-canada-trims-stake-in-f5-networks-inc-ffiv.html.

Several analysts have recently weighed in on FFIV shares. Zacks Investment Research raised F5 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Jefferies Group LLC reissued a “hold” rating and issued a $124.00 target price on shares of F5 Networks in a report on Thursday, August 31st. Piper Jaffray Companies downgraded F5 Networks from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $144.00 to $136.00 in a report on Friday, July 14th. Robert W. Baird reissued a “hold” rating and issued a $125.00 target price on shares of F5 Networks in a report on Wednesday, October 4th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $160.00 target price on shares of F5 Networks in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. F5 Networks currently has a consensus rating of “Hold” and an average price target of $129.71.

Shares of F5 Networks, Inc. (NASDAQ:FFIV) opened at 119.00 on Monday. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50. The stock’s 50 day moving average price is $118.01 and its 200 day moving average price is $126.88. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 19.76 and a beta of 1.14.

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

F5 Networks Profile

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Several other institutional investors have also recently bought and sold shares of the company. Zurich Insurance Group Ltd FI purchased a new stake in shares of F5 Networks in the 2nd quarter valued at about $730,000. QCM Cayman Ltd. lifted its holdings in shares of F5 Networks by 14.8% in the 2nd quarter. QCM Cayman Ltd. now owns 1,937 shares of the network technology company’s stock valued at $246,000 after purchasing an additional 250 shares during the last quarter. Institute for Wealth Management LLC. purchased a new stake in shares of F5 Networks in the 2nd quarter valued at about $234,000. Clinton Group Inc. purchased a new stake in shares of F5 Networks in the 2nd quarter valued at about $3,160,000. Finally, Tudor Investment Corp ET AL lifted its holdings in shares of F5 Networks by 688.6% in the 2nd quarter. Tudor Investment Corp ET AL now owns 13,407 shares of the network technology company’s stock valued at $1,703,000 after purchasing an additional 11,707 shares during the last quarter. 96.50% of the stock is owned by institutional investors and hedge funds.

In related news, EVP John D. Dilullo sold 3,052 shares of the firm’s 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 transaction, the executive vice president now owns 7,255 shares in the company, valued at $874,590.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Benjamin Gibson sold 3,262 shares of the firm’s 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 transaction, the executive vice president now owns 815 shares in the company, valued at approximately $95,558.75. The disclosure for this sale can be found here. Insiders have sold 22,312 shares of company stock worth $2,675,607 in the last quarter. Company insiders own 0.26% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Royal Bank of Canada Trims Stake in F5 Networks, Inc. (FFIV)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/09/royal-bank-of-canada-trims-stake-in-f5-networks-inc-ffiv.html.

Several analysts have recently weighed in on FFIV shares. Zacks Investment Research raised F5 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Jefferies Group LLC reissued a “hold” rating and issued a $124.00 target price on shares of F5 Networks in a report on Thursday, August 31st. Piper Jaffray Companies downgraded F5 Networks from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $144.00 to $136.00 in a report on Friday, July 14th. Robert W. Baird reissued a “hold” rating and issued a $125.00 target price on shares of F5 Networks in a report on Wednesday, October 4th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $160.00 target price on shares of F5 Networks in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. F5 Networks currently has a consensus rating of “Hold” and an average price target of $129.71.

Shares of F5 Networks, Inc. (NASDAQ:FFIV) opened at 119.00 on Monday. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50. The stock’s 50 day moving average price is $118.01 and its 200 day moving average price is $126.88. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 19.76 and a beta of 1.14.

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

F5 Networks 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.

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

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