Ladenburg Thalmann Financial Services Inc. lifted its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 89.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,349 shares of the network technology company’s stock after acquiring an additional 1,578 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in F5 Networks were worth $405,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Acrospire Investment Management LLC grew its stake in shares of F5 Networks by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the network technology company’s stock valued at $102,000 after acquiring an additional 400 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of F5 Networks by 23.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock valued at $110,000 after acquiring an additional 161 shares in the last quarter. Zions Bancorporation grew its stake in shares of F5 Networks by 16,733.3% in the third quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock valued at $122,000 after acquiring an additional 1,004 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of F5 Networks by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock valued at $178,000 after acquiring an additional 21 shares in the last quarter. Finally, Institute for Wealth Management LLC. acquired a new position in shares of F5 Networks in the second quarter valued at about $234,000. Institutional investors and hedge funds own 94.66% of the company’s stock.
A number of equities research analysts have issued reports on FFIV shares. Zacks Investment Research upgraded shares of F5 Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Standpoint Research started coverage on shares of F5 Networks in a research note on Monday, October 2nd. They set an “accumulate” rating and a $160.00 price objective on the stock. Deutsche Bank reiterated a “sell” rating and set a $90.00 price objective (down from $100.00) on shares of F5 Networks in a research note on Tuesday, October 3rd. Oppenheimer reiterated a “hold” rating on shares of F5 Networks in a research note on Tuesday, October 3rd. Finally, Robert W. Baird reiterated a “hold” rating and set a $125.00 price objective on shares of F5 Networks in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. F5 Networks currently has a consensus rating of “Hold” and an average price target of $130.61.
In other F5 Networks news, COO Edward Julian Eames sold 15,489 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $120.84, for a total transaction of $1,871,690.76. Following the completion of the transaction, the chief operating officer now owns 21,587 shares in the company, valued at approximately $2,608,573.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,714 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $119.87, for a total transaction of $205,457.18. Following the transaction, the chief executive officer now owns 2,119 shares of the company’s stock, valued at approximately $254,004.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,712 shares of company stock valued at $4,316,345. 0.26% of the stock is owned by company insiders.
F5 Networks, Inc. (NASDAQ:FFIV) opened at $139.77 on Friday. The stock has a market cap of $8,880.00, a P/E ratio of 21.47, a P/E/G ratio of 2.16 and a beta of 1.06. F5 Networks, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $149.50.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, October 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.24. The business had revenue of $538.00 million during the quarter, compared to analyst estimates of $534.71 million. F5 Networks had a net margin of 20.13% and a return on equity of 34.70%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $2.11 EPS. equities analysts expect that F5 Networks, Inc. will post 6.7 earnings per share for the current year.
F5 Networks announced that its Board of Directors has approved a stock repurchase program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the network technology company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
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About F5 Networks
F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.
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