JLB & Associates Inc. Acquires 459 Shares of F5 Networks, Inc. (FFIV)

JLB & Associates Inc. grew its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 38.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,638 shares of the network technology company’s stock after purchasing an additional 459 shares during the period. JLB & Associates Inc.’s holdings in F5 Networks were worth $265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FFIV. AQR Capital Management LLC raised its holdings in shares of F5 Networks by 66.2% in the third quarter. AQR Capital Management LLC now owns 1,806,836 shares of the network technology company’s stock valued at $360,319,000 after purchasing an additional 719,638 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of F5 Networks by 285.4% in the third quarter. Janus Henderson Group PLC now owns 572,454 shares of the network technology company’s stock valued at $114,159,000 after purchasing an additional 423,915 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in F5 Networks by 138.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 639,008 shares of the network technology company’s stock worth $127,430,000 after buying an additional 370,827 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in F5 Networks by 632.0% during the third quarter. Assenagon Asset Management S.A. now owns 400,039 shares of the network technology company’s stock worth $79,776,000 after buying an additional 345,391 shares during the last quarter. Finally, Swedbank increased its holdings in F5 Networks by 110.7% during the third quarter. Swedbank now owns 653,173 shares of the network technology company’s stock worth $130,256,000 after buying an additional 343,240 shares during the last quarter. Institutional investors own 97.41% of the company’s stock.

In related news, Director Sandra E. Bergeron sold 8,900 shares of the stock in a transaction on 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 completion of the sale, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $339,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scot Frazier Rogers sold 13,557 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $177.91, for a total value of $2,411,925.87. Following the completion of the sale, the executive vice president now directly owns 22,141 shares of the company’s stock, valued at $3,939,105.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,012 shares of company stock worth $8,473,168. 0.30% of the stock is owned by company insiders.

A number of equities analysts recently weighed in on the stock. Piper Jaffray Companies downgraded shares of F5 Networks from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $168.00 to $180.00 in a report on Monday, October 1st. Zacks Investment Research cut shares of F5 Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. BidaskClub cut shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 4th. Credit Suisse Group boosted their target price on shares of F5 Networks from $216.00 to $218.00 and gave the company an “outperform” rating in a research report on Thursday, October 25th. Finally, BMO Capital Markets boosted their target price on shares of F5 Networks from $188.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $174.41.

NASDAQ:FFIV traded down $2.02 on Friday, reaching $163.58. 25,520 shares of the stock traded hands, compared to its average volume of 648,308. The company has a market capitalization of $10.07 billion, a PE ratio of 20.40, a P/E/G ratio of 1.96 and a beta of 0.89. F5 Networks, Inc. has a 1-year low of $133.14 and a 1-year high of $199.71.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, October 24th. The network technology company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.27. The firm had revenue of $562.71 million for the quarter, compared to analysts’ expectations of $560.72 million. F5 Networks had a return on equity of 40.04% and a net margin of 20.99%. As a group, research analysts expect that F5 Networks, Inc. will post 8.55 EPS for the current fiscal year.

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About F5 Networks

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.

Further Reading: Return on Investment (ROI) Defined, Explained

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

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