Cubist Systematic Strategies LLC Raises Position in F5 Networks, Inc. (FFIV)

Cubist Systematic Strategies LLC increased its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 75.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,340 shares of the network technology company’s stock after purchasing an additional 6,605 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in F5 Networks were worth $1,949,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its position in F5 Networks by 0.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,071 shares of the network technology company’s stock worth $295,000 after buying an additional 9 shares in the last quarter. Contravisory Investment Management Inc. increased its position in F5 Networks by 0.8% during the second quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock worth $235,000 after buying an additional 14 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in F5 Networks by 1.5% during 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 buying an additional 21 shares in the last quarter. Intrust Bank NA increased its position in F5 Networks by 1.1% during the second quarter. Intrust Bank NA now owns 4,590 shares of the network technology company’s stock worth $584,000 after buying an additional 50 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in F5 Networks by 6.0% during the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after buying an additional 65 shares in the last quarter. 96.50% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Robert W. Baird reissued a “hold” rating and set a $125.00 price target on shares of F5 Networks in a research report on Wednesday, October 4th. Royal Bank Of Canada reissued a “hold” rating and set a $129.00 price target on shares of F5 Networks in a research report on Tuesday. Piper Jaffray Companies dropped their price target on F5 Networks to $121.00 and set a “neutral” rating for the company in a research report on Thursday, July 27th. BMO Capital Markets reissued an “outperform” rating and set a $124.00 price target (down previously from $132.00) on shares of F5 Networks in a research report on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “sell” rating and set a $90.00 price target (down previously from $100.00) on shares of F5 Networks in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. F5 Networks presently has a consensus rating of “Hold” and an average target price of $128.94.

In other news, EVP Benjamin Gibson sold 3,262 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total value of $382,469.50. Following the transaction, the executive vice president now directly owns 815 shares of the company’s stock, valued at $95,558.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Reinland sold 6,215 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $120.27, for a total transaction of $747,478.05. Following the completion of the transaction, the chief financial officer now directly owns 20,601 shares in the company, valued at $2,477,682.27. The disclosure for this sale can be found here. Insiders sold 22,312 shares of company stock worth $2,675,607 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

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F5 Networks, Inc. (FFIV) traded up 0.64% during midday trading on Tuesday, reaching $117.04. The company’s stock had a trading volume of 152,984 shares. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 19.44 and a beta of 1.14. F5 Networks, Inc. has a 12 month low of $114.45 and a 12 month high of $149.50. The stock’s 50-day moving average price is $118.01 and its 200-day moving average price is $126.39.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $2.03. F5 Networks had a net margin of 18.96% and a retur

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its position in F5 Networks by 0.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,071 shares of the network technology company’s stock worth $295,000 after buying an additional 9 shares in the last quarter. Contravisory Investment Management Inc. increased its position in F5 Networks by 0.8% during the second quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock worth $235,000 after buying an additional 14 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in F5 Networks by 1.5% during 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 buying an additional 21 shares in the last quarter. Intrust Bank NA increased its position in F5 Networks by 1.1% during the second quarter. Intrust Bank NA now owns 4,590 shares of the network technology company’s stock worth $584,000 after buying an additional 50 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in F5 Networks by 6.0% during the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after buying an additional 65 shares in the last quarter. 96.50% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Robert W. Baird reissued a “hold” rating and set a $125.00 price target on shares of F5 Networks in a research report on Wednesday, October 4th. Royal Bank Of Canada reissued a “hold” rating and set a $129.00 price target on shares of F5 Networks in a research report on Tuesday. Piper Jaffray Companies dropped their price target on F5 Networks to $121.00 and set a “neutral” rating for the company in a research report on Thursday, July 27th. BMO Capital Markets reissued an “outperform” rating and set a $124.00 price target (down previously from $132.00) on shares of F5 Networks in a research report on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “sell” rating and set a $90.00 price target (down previously from $100.00) on shares of F5 Networks in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. F5 Networks presently has a consensus rating of “Hold” and an average target price of $128.94.

In other news, EVP Benjamin Gibson sold 3,262 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total value of $382,469.50. Following the transaction, the executive vice president now directly owns 815 shares of the company’s stock, valued at $95,558.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Reinland sold 6,215 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $120.27, for a total transaction of $747,478.05. Following the completion of the transaction, the chief financial officer now directly owns 20,601 shares in the company, valued at $2,477,682.27. The disclosure for this sale can be found here. Insiders sold 22,312 shares of company stock worth $2,675,607 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/10/cubist-systematic-strategies-llc-raises-position-in-f5-networks-inc-ffiv.html.

F5 Networks, Inc. (FFIV) traded up 0.64% during midday trading on Tuesday, reaching $117.04. The company’s stock had a trading volume of 152,984 shares. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 19.44 and a beta of 1.14. F5 Networks, Inc. has a 12 month low of $114.45 and a 12 month high of $149.50. The stock’s 50-day moving average price is $118.01 and its 200-day moving average price is $126.39.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, hitting 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 the consensus estimate of $525.57 million. During the same period in the prior year, the business posted $1.81 earnings per share. F5 Networks’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts predict that F5 Networks, Inc. will post $8.17 EPS for the current year.

About F5 Networks

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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