Harding Loevner Lp Lowers stake in F5 Networks (FFIV)

F5 Networks (FFIV) : Harding Loevner Lp reduced its stake in F5 Networks by 0.43% during the most recent quarter end. The investment management company now holds a total of 1,870,403 shares of F5 Networks which is valued at $216,630,075 after selling 8,022 shares in F5 Networks , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.F5 Networks makes up approximately 1.62% of Harding Loevner Lp’s portfolio.

Other Hedge Funds, Including , Ferguson Wellman Capital Management Inc added FFIV to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $231,640. F5 Networks makes up approx 0.01% of Ferguson Wellman Capital Management Inc’s portfolio.Capital Analysts boosted its stake in FFIV in the latest quarter, The investment management firm added 142 additional shares and now holds a total of 576 shares of F5 Networks which is valued at $66,712. F5 Networks makes up approx 0.01% of Capital Analysts’s portfolio.Nepsis Capital Management reduced its stake in FFIV by selling 4,106 shares or 11.26% in the most recent quarter. The Hedge Fund company now holds 32,345 shares of FFIV which is valued at $3,763,664. F5 Networks makes up approx 2.08% of Nepsis Capital Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in FFIV by selling 35,124 shares or 63.77% in the most recent quarter. The Hedge Fund company now holds 19,951 shares of FFIV which is valued at $2,336,861. F5 Networks makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

F5 Networks closed down -0.55 points or -0.47% at $115.82 with 5,89,098 shares getting traded on Monday. Post opening the session at $116.36, the shares hit an intraday low of $115.43 and an intraday high of $117.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Company shares were Reiterated by MKM Partners on Jun 8, 2016 to “Neutral”, Firm has raised the Price Target to $ 118 from a previous price target of $106 .F5 Networks was Downgraded by Pacific Crest to ” Sector Weight” on May 17, 2016. F5 Networks was Downgraded by Raymond James to ” Mkt Perform” on Apr 21, 2016.

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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