F5 Networks (FFIV) : V Wealth Managementllc scooped up 456 additional shares in F5 Networks during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 11,332 shares of F5 Networks which is valued at $1,376,498.F5 Networks makes up approximately 1.09% of V Wealth Managementllc’s portfolio.
Other Hedge Funds, Including , Fox Run Management L.l.c. reduced its stake in FFIV by selling 3,200 shares or 62.75% in the most recent quarter. The Hedge Fund company now holds 1,900 shares of FFIV which is valued at $230,793. F5 Networks makes up approx 0.11% of Fox Run Management L.l.c.’s portfolio.Cim boosted its stake in FFIV in the latest quarter, The investment management firm added 332 additional shares and now holds a total of 4,233 shares of F5 Networks which is valued at $490,266. F5 Networks makes up approx 0.24% of Cim’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in FFIV in the latest quarter, The investment management firm added 598 additional shares and now holds a total of 17,338 shares of F5 Networks which is valued at $2,030,800. F5 Networks makes up approx 0.04% of Exxonmobil Investment Management Inc Tx’s portfolio.
F5 Networks opened for trading at $121.75 and hit $122.24 on the upside on Wednesday, eventually ending the session at $121.47, with a gain of 0.72% or 0.87 points. The heightened volatility saw the trading volume jump to 13,86,561 shares. Company has a market cap of $8,136 M.
On the company’s financial health, F5 Networks reported $1.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.79. The company had revenue of $496.52 million for the quarter, compared to analysts expectations of $495.70 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS.
Many Wall Street Analysts have commented on F5 Networks. Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 115 from a previous price target of $110 .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 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.