Morris Capital Advisors Lowers stake in F5 Networks (FFIV)

F5 Networks (FFIV) : Morris Capital Advisors reduced its stake in F5 Networks by 9.37% during the most recent quarter end. The investment management company now holds a total of 37,158 shares of F5 Networks which is valued at $5,274,578 after selling 3,843 shares in F5 Networks , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.F5 Networks makes up approximately 3.25% of Morris Capital Advisors’s portfolio.

Other Hedge Funds, Including , Putnam Investments sold out all of its stake in FFIV during the most recent quarter. The investment firm sold 17,094 shares of FFIV which is valued $2,426,493. Harbour Capital Advisors sold out all of its stake in FFIV during the most recent quarter. The investment firm sold 3,900 shares of FFIV which is valued $545,415.Nn Investment Partners Holdings N.v. reduced its stake in FFIV by selling 6,003 shares or 26.92% in the most recent quarter. The Hedge Fund company now holds 16,294 shares of FFIV which is valued at $2,284,908. F5 Networks makes up approx 0.02% of Nn Investment Partners Holdings N.v.’s portfolio.Assetmark Inc reduced its stake in FFIV by selling 130 shares or 31.78% in the most recent quarter. The Hedge Fund company now holds 279 shares of FFIV which is valued at $37,869.Pggm Investments reduced its stake in FFIV by selling 2,773 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 284,944 shares of FFIV which is valued at $33,649,037. F5 Networks makes up approx 0.17% of Pggm Investments’s portfolio.

F5 Networks closed down -1.9 points or -1.32% at $142.01 with 8,59,616 shares getting traded on Monday. Post opening the session at $143.43, the shares hit an intraday low of $141.32 and an intraday high of $144.2809 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 $2.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $1.94. The company had revenue of $525.30 million for the quarter, compared to analysts expectations of $520.71 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS.

Many Wall Street Analysts have commented on F5 Networks. F5 Networks was Upgraded by Nomura to ” Neutral” on Nov 9, 2016. F5 Networks was Upgraded by Piper Jaffray to ” Overweight” on Oct 27, 2016. Company shares were Reiterated by Wunderlich on Oct 27, 2016 to “Hold”, Firm has raised the Price Target to $ 130 from a previous price target of $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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