Guggenheim Capital LLC reduced its position in F5 Networks (NASDAQ:FFIV) by 35.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 421,504 shares of the network technology company’s stock after selling 233,274 shares during the period. Guggenheim Capital LLC owned approximately 0.68% of F5 Networks worth $55,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in FFIV. Franklin Resources Inc. raised its holdings in F5 Networks by 27.7% in the 4th quarter. Franklin Resources Inc. now owns 31,622 shares of the network technology company’s stock worth $4,150,000 after purchasing an additional 6,858 shares during the period. Cypress Capital Group raised its holdings in F5 Networks by 30.8% in the 4th quarter. Cypress Capital Group now owns 4,047 shares of the network technology company’s stock worth $531,000 after purchasing an additional 954 shares during the period. Quantitative Investment Management LLC bought a new position in F5 Networks in the 4th quarter worth $5,484,000. AMP Capital Investors Ltd raised its holdings in F5 Networks by 14.7% in the 4th quarter. AMP Capital Investors Ltd now owns 89,365 shares of the network technology company’s stock worth $11,725,000 after purchasing an additional 11,464 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new position in F5 Networks in the 4th quarter worth $1,356,000. Hedge funds and other institutional investors own 94.33% of the company’s stock.
A number of equities analysts recently commented on the company. BidaskClub cut F5 Networks from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research cut F5 Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 27th. ValuEngine cut F5 Networks from a “buy” rating to a “hold” rating in a report on Saturday, March 10th. Goldman Sachs started coverage on F5 Networks in a report on Wednesday, February 7th. They set a “neutral” rating and a $145.00 price target on the stock. Finally, Bank of America raised their price target on F5 Networks from $157.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company’s stock. F5 Networks has an average rating of “Hold” and an average target price of $140.55.
In related news, EVP John D. Dilullo sold 3,801 shares of F5 Networks stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $142.69, for a total value of $542,364.69. Following the completion of the transaction, the executive vice president now owns 7,522 shares in the company, valued at $1,073,314.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew Reinland sold 12,963 shares of F5 Networks stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $148.01, for a total value of $1,918,653.63. Following the completion of the transaction, the chief financial officer now owns 515 shares of the company’s stock, valued at approximately $76,225.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,172 shares of company stock valued at $7,274,542. 0.26% of the stock is currently owned by company insiders.
Shares of FFIV stock opened at $140.71 on Friday. F5 Networks has a 12-month low of $114.63 and a 12-month high of $153.91. The stock has a market capitalization of $8,869.11, a PE ratio of 21.78, a PEG ratio of 2.16 and a beta of 1.06.
F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.21. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The firm had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $521.07 million. During the same period in the previous year, the firm posted $1.98 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. research analysts anticipate that F5 Networks will post 7.32 EPS for the current fiscal year.
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F5 Networks Company Profile
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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