Todd Asset Management LLC Has Cut Its F5 Networks (FFIV) Holding by $4.09 Million; Stock Price Declined

June 20, 2017 - By Clifton Ray

Investors sentiment increased to 0.93 in Q4 2016. Its up 0.10, from 0.83 in 2016Q3. It improved, as 41 investors sold FFIV shares while 197 reduced holdings. 71 funds opened positions while 151 raised stakes. 60.27 million shares or 2.18% more from 58.99 million shares in 2016Q3 were reported. Verition Fund Mgmt Lc accumulated 3,965 shares. First Quadrant Lp Ca holds 0.56% or 187,888 shares in its portfolio. First Allied Advisory Services stated it has 0.13% in F5 Networks, Inc. (NASDAQ:FFIV). Americafirst Capital Mgmt Ltd has invested 0% in F5 Networks, Inc. (NASDAQ:FFIV). 46,460 were reported by Hightower Advsr Ltd Liability. Thrivent Finance For Lutherans has invested 0.04% in F5 Networks, Inc. (NASDAQ:FFIV). Axa owns 348,300 shares or 0.24% of their US portfolio. Moreover, Colony Group Inc Lc has 0.27% invested in F5 Networks, Inc. (NASDAQ:FFIV). Amica Pension Fund Board Of Trustees has invested 0.18% in F5 Networks, Inc. (NASDAQ:FFIV). Integral Derivatives Limited Liability owns 0% invested in F5 Networks, Inc. (NASDAQ:FFIV) for 1,550 shares. Gotham Asset Mngmt Limited Liability Company reported 0.18% in F5 Networks, Inc. (NASDAQ:FFIV). Stifel Financial Corp accumulated 0.03% or 54,702 shares. Bessemer Group Incorporated reported 0% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV). The Maryland-based Chevy Chase Trust Hldgs has invested 0.04% in F5 Networks, Inc. (NASDAQ:FFIV). Amalgamated Financial Bank has invested 0.05% in F5 Networks, Inc. (NASDAQ:FFIV).

Since February 1, 2017, it had 0 insider buys, and 13 selling transactions for $9.54 million activity. The insider MCADAM JOHN sold $3.05 million. 6,235 shares were sold by Reinland Andrew, worth $794,368 on Monday, May 1. $112,035 worth of F5 Networks, Inc. (NASDAQ:FFIV) was sold by Kearny Ryan C. on Wednesday, February 1. On Monday, May 1 EAMES EDWARD JULIAN sold $593,442 worth of F5 Networks, Inc. (NASDAQ:FFIV) or 4,645 shares. $318,462 worth of stock was sold by Rogers Scot Frazier on Wednesday, February 1. On Wednesday, February 1 the insider DiLullo John D sold $536,280. 3,954 shares were sold by Chadwick Jonathan, worth $541,698.

Todd Asset Management Llc decreased its stake in F5 Networks (FFIV) by 6.12% based on its latest 2016Q4 regulatory filing with the SEC. Todd Asset Management Llc sold 28,418 shares as the company’s stock declined 11.30% while stock markets rallied. The institutional investor held 435,828 shares of the technology company at the end of 2016Q4, valued at $63.07M, down from 464,246 at the end of the previous reported quarter. Todd Asset Management Llc who had been investing in F5 Networks for a number of months, seems to be less bullish one the $8.48 billion market cap company. The stock declined 0.83% or $1.08 reaching $129.55 per share. About 135,408 shares traded. F5 Networks, Inc. (NASDAQ:FFIV) has risen 21.28% since June 20, 2016 and is uptrending. It has outperformed by 4.58% the S&P500.

Todd Asset Management Llc, which manages about $3.59B and $3.33 billion US Long portfolio, upped its stake in Cbs Corporation (NYSE:CBS) by 228,648 shares to 488,609 shares, valued at $31.09 million in 2016Q4, according to the filing. It also increased its holding in Amgen Inc (NASDAQ:AMGN) by 23,451 shares in the quarter, for a total of 185,545 shares, and has risen its stake in Ross Stores Inc Com (NASDAQ:ROST).

Analysts await F5 Networks, Inc. (NASDAQ:FFIV) to report earnings on July, 26 after the close. They expect $1.59 earnings per share, up 12.77 % or $0.18 from last year’s $1.41 per share. FFIV’s profit will be $104.08 million for 20.37 P/E if the $1.59 EPS becomes a reality. After $1.46 actual earnings per share reported by F5 Networks, Inc. for the previous quarter, Wall Street now forecasts 8.90 % EPS growth.

F5 Networks, Inc. (NASDAQ:FFIV) Ratings Coverage

Among 31 analysts covering F5 Networks Inc. (NASDAQ:FFIV), 6 have Buy rating, 2 Sell and 23 Hold. Therefore 19% are positive. F5 Networks Inc. has $153 highest and $93 lowest target. $115.04’s average target is -11.20% below currents $129.55 stock price. F5 Networks Inc. had 69 analyst reports since July 24, 2015 according to SRatingsIntel. Deutsche Bank downgraded F5 Networks, Inc. (NASDAQ:FFIV) on Wednesday, March 29 to “Sell” rating. On Tuesday, January 12 the stock rating was downgraded by Deutsche Bank to “Hold”. The rating was maintained by M Partners with “Neutral” on Wednesday, June 8. Needham downgraded the stock to “Hold” rating in Thursday, October 29 report. On Wednesday, September 14 the stock rating was upgraded by Oppenheimer to “Outperform”. Barclays Capital downgraded F5 Networks, Inc. (NASDAQ:FFIV) on Thursday, January 14 to “Underweight” rating. The rating was downgraded by William Blair on Friday, November 13 to “Market Perform”. The firm earned “Buy” rating on Friday, August 12 by DA Davidson. Barclays Capital initiated it with “Equalweight” rating and $131 target in Wednesday, October 14 report. The company was downgraded on Tuesday, May 17 by Pacific Crest.

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