F5 Networks, Inc. (NASDAQ:FFIV), saw one of its insiders lower his holdings with the company through a transaction officially filed today, August 21rst. Executive Vice President of Product Development, and Chief Technology Officer Karl D. Triebes sold 4,047 shares at an average price of $120 per share. Following this move, Triebes still has a total of 6,272 shares directly invested into the company.
A $9.04 billion market cap powerhouse, F5 Networks, Inc. (NASDAQ:FFIV) is the developer and provider of application delivery services. As well, the Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System).
In addition, one of the largest outside investors in the company is Billionaire Israel Englander. Englander’s hedge fund, Millennium Management, saw its position change over the course of last quarter by a decrease of 11%, now holding 448,647 shares with a market value of nearly $50 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.