Teacher Retirement System of Texas cut its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 21.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 295,655 shares of the network technology company’s stock after selling 80,089 shares during the period. Teacher Retirement System of Texas’ holdings in F5 Networks were worth $43,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Swedbank increased its holdings in shares of F5 Networks by 11.8% in the 1st quarter. Swedbank now owns 892,194 shares of the network technology company’s stock valued at $140,012,000 after acquiring an additional 93,984 shares during the period. Bank of Montreal Can increased its holdings in shares of F5 Networks by 6.7% in the 1st quarter. Bank of Montreal Can now owns 1,461,116 shares of the network technology company’s stock valued at $229,293,000 after acquiring an additional 92,149 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in shares of F5 Networks by 6.1% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,311,316 shares of the network technology company’s stock valued at $205,784,000 after acquiring an additional 75,676 shares during the period. BlackRock Inc. increased its holdings in shares of F5 Networks by 1.4% in the 1st quarter. BlackRock Inc. now owns 5,448,618 shares of the network technology company’s stock valued at $855,052,000 after acquiring an additional 74,802 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of F5 Networks by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 1,094,712 shares of the network technology company’s stock valued at $177,152,000 after acquiring an additional 72,027 shares during the period. Institutional investors and hedge funds own 90.75% of the company’s stock.

FFIV stock traded up $2.83 on Wednesday, hitting $129.95. 10,834 shares of the company’s stock were exchanged, compared to its average volume of 815,737. F5 Networks, Inc. has a 12-month low of $125.21 and a 12-month high of $199.71. The firm has a 50 day moving average price of $141.63 and a two-hundred day moving average price of $151.00. The stock has a market cap of $7.74 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05.

F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, July 24th. The network technology company reported $1.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.06). F5 Networks had a return on equity of 36.33% and a net margin of 21.03%. The business had revenue of $563.39 million for the quarter, compared to analysts’ expectations of $556.15 million. During the same quarter last year, the firm earned $2.44 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts forecast that F5 Networks, Inc. will post 8.22 earnings per share for the current year.

A number of brokerages have recently issued reports on FFIV. Barclays began coverage on F5 Networks in a report on Wednesday, August 7th. They issued an “overweight” rating and a $160.00 price target on the stock. ValuEngine upgraded F5 Networks from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. BidaskClub downgraded F5 Networks from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Goldman Sachs Group downgraded F5 Networks from a “neutral” rating to a “sell” rating and cut their price target for the company from $165.00 to $120.00 in a report on Monday, July 8th. Finally, Morgan Stanley upgraded F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 price target on the stock in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. F5 Networks currently has an average rating of “Hold” and an average price target of $164.06.

In related news, CEO Francois Locoh-Donou sold 4,037 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $142.72, for a total transaction of $576,160.64. Following the transaction, the chief executive officer now directly owns 38,113 shares in the company, valued at approximately $5,439,487.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Chad Michael Whalen sold 297 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $127.63, for a total value of $37,906.11. Following the sale, the executive vice president now owns 1,331 shares in the company, valued at approximately $169,875.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,069 shares of company stock worth $1,572,931. 0.22% of the stock is owned by company insiders.

About F5 Networks

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

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Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

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