Tam Capital Management Exits Position in F5 Networks (FFIV)

F5 Networks (FFIV) : Tam Capital Management has sold out all of its stake in F5 Networks during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 20,000 shares of F5 Networks which is valued at $2.1 Million.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in FFIV in the latest quarter, The investment management firm added 758 additional shares and now holds a total of 45,219 shares of F5 Networks which is valued at $4.8 Million. F5 Networks makes up approx 0.02% of Raymond James Associates’s portfolio.Thrivent Financial For Lutherans reduced its stake in FFIV by selling 22,890 shares or 26.52% in the most recent quarter. The Hedge Fund company now holds 63,427 shares of FFIV which is valued at $6.7 Million. F5 Networks makes up approx 0.03% of Thrivent Financial For Lutherans’s portfolio.State Treasurer State Of Michigan reduced its stake in FFIV by selling 400 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 23,684 shares of FFIV which is valued at $2.4 Million. F5 Networks makes up approx 0.02% of State Treasurer State Of Michigan’s portfolio.American Century Companies Inc boosted its stake in FFIV in the latest quarter, The investment management firm added 1,240 additional shares and now holds a total of 7,699 shares of F5 Networks which is valued at $774,827.

F5 Networks opened for trading at $109 and hit $109.93 on the upside on Wednesday, eventually ending the session at $109.65, with a gain of 0.93% or 1.01 points. The heightened volatility saw the trading volume jump to 6,99,167 shares. Company has a market cap of $7,344 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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