Comerica Bank Has $2.38 Million Stake in F5 Networks (FFIV)

Comerica Bank cut its holdings in shares of F5 Networks (NASDAQ:FFIV) by 5.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,061 shares of the network technology company’s stock after selling 888 shares during the period. Comerica Bank’s holdings in F5 Networks were worth $2,376,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FFIV. Schwab Charles Investment Management Inc. grew its position in shares of F5 Networks by 5.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 367,713 shares of the network technology company’s stock valued at $48,252,000 after acquiring an additional 18,519 shares during the period. Acadian Asset Management LLC grew its position in shares of F5 Networks by 8,034.7% during the 4th quarter. Acadian Asset Management LLC now owns 11,714 shares of the network technology company’s stock valued at $1,537,000 after acquiring an additional 11,570 shares during the period. Oakbrook Investments LLC acquired a new stake in shares of F5 Networks during the 4th quarter valued at about $390,000. State of Alaska Department of Revenue grew its position in shares of F5 Networks by 20.1% during the 4th quarter. State of Alaska Department of Revenue now owns 12,502 shares of the network technology company’s stock valued at $1,638,000 after acquiring an additional 2,090 shares during the period. Finally, First Quadrant L P CA grew its position in shares of F5 Networks by 1.1% during the 4th quarter. First Quadrant L P CA now owns 177,689 shares of the network technology company’s stock valued at $23,316,000 after acquiring an additional 1,979 shares during the period. Hedge funds and other institutional investors own 93.87% of the company’s stock.

FFIV stock opened at $173.96 on Wednesday. F5 Networks has a 12-month low of $114.63 and a 12-month high of $176.33. The stock has a market capitalization of $10.66 billion, a P/E ratio of 26.93, a PEG ratio of 2.52 and a beta of 1.07.

F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, April 25th. The network technology company reported $2.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.04. F5 Networks had a net margin of 20.43% and a return on equity of 37.01%. The business had revenue of $533.30 million for the quarter, compared to analyst estimates of $529.95 million. During the same period last year, the company posted $1.95 EPS. The business’s revenue was up 2.9% on a year-over-year basis. equities research analysts anticipate that F5 Networks will post 7.46 earnings per share for the current year.

In other F5 Networks news, Director John Mcadam sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $173.09, for a total value of $4,327,250.00. Following the transaction, the director now directly owns 26,477 shares of the company’s stock, valued at approximately $4,582,903.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ryan C. Kearny sold 862 shares of the firm’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $162.78, for a total transaction of $140,316.36. Following the completion of the transaction, the senior vice president now directly owns 4,505 shares in the company, valued at $733,323.90. The disclosure for this sale can be found here. Insiders sold a total of 57,664 shares of company stock worth $9,492,285 over the last three months. Corporate insiders own 0.30% of the company’s stock.

A number of equities research analysts have recently commented on FFIV shares. BidaskClub upgraded F5 Networks from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Bank of America raised their target price on F5 Networks from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Cowen restated a “buy” rating and set a $162.00 target price on shares of F5 Networks in a research report on Thursday, January 25th. DA Davidson restated a “buy” rating and set a $167.00 target price on shares of F5 Networks in a research report on Thursday, January 25th. Finally, Zacks Investment Research upgraded F5 Networks from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a research report on Tuesday, March 13th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $148.70.

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

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