Cognios Capital buys $8.9 Million stake in F5 Networks (FFIV)

F5 Networks (FFIV) : Cognios Capital scooped up 35,232 additional shares in F5 Networks during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 84,271 shares of F5 Networks which is valued at $8.9 Million.F5 Networks makes up approximately 3.34% of Cognios Capital’s portfolio.

Other Hedge Funds, Including , Freestone Capital Holdings reduced its stake in FFIV by selling 59 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 14,510 shares of FFIV which is valued at $1.5 Million. F5 Networks makes up approx 0.17% of Freestone Capital Holdings’s portfolio.Tiaa Cref Investment Management boosted its stake in FFIV in the latest quarter, The investment management firm added 19,150 additional shares and now holds a total of 680,976 shares of F5 Networks which is valued at $68.5 Million. F5 Networks makes up approx 0.05% of Tiaa Cref Investment Management’s portfolio.Teachers Advisors Inc boosted its stake in FFIV in the latest quarter, The investment management firm added 39,099 additional shares and now holds a total of 154,891 shares of F5 Networks which is valued at $15.6 Million. F5 Networks makes up approx 0.03% of Teachers Advisors Inc’s portfolio.Schwab Charles Investment Management Inc boosted its stake in FFIV in the latest quarter, The investment management firm added 4,476 additional shares and now holds a total of 222,577 shares of F5 Networks which is valued at $22.4 Million. F5 Networks makes up approx 0.03% of Schwab Charles Investment Management Inc’s portfolio. Harel Insurance Investments Financial Services Ltd. added FFIV to its portfolio by purchasing 75 company shares during the most recent quarter which is valued at $7,548.

F5 Networks opened for trading at $105 and hit $106.7425 on the upside on Friday, eventually ending the session at $106.64, with a gain of 1.72% or 1.8 points. The heightened volatility saw the trading volume jump to 9,62,461 shares. Company has a market cap of $7,142,854 M.

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 Pacific Crest to ” Sector Weight” on May 17, 2016. 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.

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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