Atlantic Trust Group LLC Raises Position in F5 Networks, Inc. (FFIV)

Atlantic Trust Group LLC boosted its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 53.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,302 shares of the network technology company’s stock after buying an additional 452 shares during the quarter. Atlantic Trust Group LLC’s holdings in F5 Networks were worth $188,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Smith Asset Management Group LP acquired a new stake in F5 Networks in the 1st quarter valued at about $47,609,000. Wedge Capital Management L L P NC acquired a new stake in F5 Networks in the 1st quarter valued at about $46,268,000. Old Mutual Global Investors UK Ltd. raised its holdings in F5 Networks by 21.2% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,263,975 shares of the network technology company’s stock valued at $182,783,000 after acquiring an additional 221,067 shares during the last quarter. Mackay Shields LLC acquired a new stake in F5 Networks in the 1st quarter valued at about $26,726,000. Finally, Two Sigma Advisers LP raised its holdings in F5 Networks by 19.9% in the 4th quarter. Two Sigma Advisers LP now owns 874,980 shares of the network technology company’s stock valued at $114,815,000 after acquiring an additional 145,300 shares during the last quarter. 94.23% of the stock is currently owned by hedge funds and other institutional investors.

F5 Networks opened at $174.73 on Wednesday, Marketbeat.com reports. F5 Networks, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $183.27. The company has a market capitalization of $10.54 billion, a P/E ratio of 26.99, a P/E/G ratio of 2.52 and a beta of 0.99.

F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, April 25th. The network technology company reported $2.31 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $533.30 million during the quarter, compared to the consensus estimate of $529.95 million. During the same quarter last year, the firm earned $1.95 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. equities analysts expect that F5 Networks, Inc. will post 7.46 earnings per share for the current fiscal year.

In other F5 Networks news, EVP John D. Dilullo sold 1,769 shares of the firm’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $162.59, for a total value of $287,621.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ryan C. Kearny sold 862 shares of the firm’s stock in a transaction that occurred on Tuesday, May 1st. The shares were 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 of the company’s stock, valued at approximately $733,323.90. The disclosure for this sale can be found here. Insiders sold a total of 61,367 shares of company stock valued at $10,520,380 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

A number of research firms have commented on FFIV. BidaskClub upgraded shares of F5 Networks from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 28th. Credit Suisse Group set a $188.00 price target on shares of F5 Networks and gave the stock a “buy” rating in a report on Friday, June 29th. Citigroup downgraded shares of F5 Networks from a “buy” rating to a “neutral” rating and raised their price target for the stock from $170.00 to $190.00 in a report on Monday, June 18th. They noted that the move was a valuation call. Royal Bank of Canada raised their price target on shares of F5 Networks to $160.00 and gave the stock a “sector perform” rating in a report on Thursday, April 26th. Finally, DA Davidson raised their price target on shares of F5 Networks to $181.00 and gave the stock a “buy” rating in a report on Thursday, April 26th. 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 given a strong buy rating to the stock. F5 Networks has a consensus rating of “Hold” and a consensus target price of $152.19.

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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