F5 Networks (FFIV) : Meritage Portfolio Management scooped up 1,418 additional shares in F5 Networks during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 49,226 shares of F5 Networks which is valued at $5,145,102.F5 Networks makes up approximately 0.58% of Meritage Portfolio Management’s portfolio.
F5 Networks opened for trading at $104.95 and hit $107.08 on the upside on Wednesday, eventually ending the session at $106.9, with a gain of 1.45% or 1.53 points. The heightened volatility saw the trading volume jump to 8,50,864 shares. Company has a market cap of $7,350 M.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in FFIV during the most recent quarter. The investment firm sold 154,852 shares of FFIV which is valued $16,185,131. Gw&k Investment Management sold out all of its stake in FFIV during the most recent quarter. The investment firm sold 59,335 shares of FFIV which is valued $6,201,694. Santa Fe Partners added FFIV to its portfolio by purchasing 5,980 company shares during the most recent quarter which is valued at $571,748. F5 Networks makes up approx 0.09% of Santa Fe Partners’s portfolio.Mai Capital Management boosted its stake in FFIV in the latest quarter, The investment management firm added 325 additional shares and now holds a total of 6,956 shares of F5 Networks which is valued at $676,680. F5 Networks makes up approx 0.06% of Mai Capital Management’s portfolio.Creative Planning boosted its stake in FFIV in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 2,794 shares of F5 Networks which is valued at $271,800.
On the company’s financial health, F5 Networks reported $1.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.63. The company had revenue of $483.70 million for the quarter, compared to analysts expectations of $486.02 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 EPS.
Many Wall Street Analysts have commented on F5 Networks. F5 Networks was Downgraded by Raymond James to ” Mkt Perform” on Apr 21, 2016. RBC Capital Mkts Resumed F5 Networks on Apr 12, 2016 to “Sector Perform”, Price Target of the shares are set at $110.Company shares were Reiterated by MKM Partners on Apr 12, 2016 to “Neutral”, Firm has raised the Price Target to $ 106 from a previous price target of $100 .
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 ones network to efficiently and securely deliver applications that are available to users when and where they need them. It can also accelerate ones application response time minimize latency and delays and reduce the number of data round trips necessary to complete a web request.