AMP Capital Investors Ltd grew its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,606 shares of the network technology company’s stock after buying an additional 712 shares during the period. AMP Capital Investors Ltd’s holdings in F5 Networks were worth $9,762,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Stone Ridge Asset Management LLC increased its position in F5 Networks by 3.0% during the third quarter. Stone Ridge Asset Management LLC now owns 10,255 shares of the network technology company’s stock worth $2,045,000 after buying an additional 300 shares in the last quarter. Moody Aldrich Partners LLC purchased a new stake in shares of F5 Networks in the second quarter valued at $54,839,000. Cascade Investment Advisors Inc. grew its position in shares of F5 Networks by 5.5% in the third quarter. Cascade Investment Advisors Inc. now owns 6,270 shares of the network technology company’s stock valued at $1,250,000 after purchasing an additional 325 shares during the period. Providence Capital Advisors LLC grew its position in shares of F5 Networks by 3.6% in the third quarter. Providence Capital Advisors LLC now owns 9,882 shares of the network technology company’s stock valued at $1,971,000 after purchasing an additional 341 shares during the period. Finally, OppenheimerFunds Inc. grew its position in shares of F5 Networks by 28.8% in the second quarter. OppenheimerFunds Inc. now owns 1,804 shares of the network technology company’s stock valued at $311,000 after purchasing an additional 403 shares during the period. 98.54% of the stock is owned by institutional investors.
FFIV has been the subject of a number of recent analyst reports. Piper Jaffray Companies downgraded F5 Networks from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $168.00 to $180.00 in a research report on Monday, October 1st. Credit Suisse Group lifted their price objective on F5 Networks from $188.00 to $216.00 and gave the company an “outperform” rating in a research report on Wednesday, September 5th. Standpoint Research raised F5 Networks from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. BidaskClub downgraded F5 Networks from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 4th. Finally, Cowen lifted their price objective on F5 Networks from $186.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, October 26th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. F5 Networks presently has a consensus rating of “Hold” and a consensus price target of $174.41.
In other F5 Networks news, SVP Ryan C. Kearny sold 8,226 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $177.90, for a total transaction of $1,463,405.40. Following the transaction, the senior vice president now owns 14,139 shares in the company, valued at $2,515,328.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sandra E. Bergeron sold 8,900 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $169.54, for a total value of $1,508,906.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $339,080. The disclosure for this sale can be found here. Insiders sold 48,012 shares of company stock worth $8,473,168 in the last quarter. 0.30% of the stock is owned by insiders.
Shares of F5 Networks stock opened at $169.55 on Thursday. F5 Networks, Inc. has a twelve month low of $129.70 and a twelve month high of $199.71. The firm has a market capitalization of $10.43 billion, a P/E ratio of 21.19, a PEG ratio of 2.08 and a beta of 0.95.
F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, October 24th. The network technology company reported $2.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.27. F5 Networks had a return on equity of 40.04% and a net margin of 20.99%. The firm had revenue of $562.71 million for the quarter, compared to analysts’ expectations of $560.72 million. Equities analysts forecast that F5 Networks, Inc. will post 8.48 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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