F5 Networks, Inc. (FFIV) Stake Increased by NN Investment Partners Holdings N.V.
NN Investment Partners Holdings N.V. boosted its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 355.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,247 shares of the network technology company’s stock after buying an additional 57,953 shares during the period. NN Investment Partners Holdings N.V.’s holdings in F5 Networks were worth $10,746,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC increased its position in shares of F5 Networks by 5,516.1% in the second quarter. Acadian Asset Management LLC now owns 6,290 shares of the network technology company’s stock worth $716,000 after buying an additional 6,178 shares in the last quarter. Oakbrook Investments LLC bought a new position in shares of F5 Networks during the second quarter worth about $868,000. Shell Asset Management Co. increased its position in shares of F5 Networks by 1.6% in the second quarter. Shell Asset Management Co. now owns 4,022 shares of the network technology company’s stock worth $458,000 after buying an additional 62 shares in the last quarter. Financial Architects Inc increased its position in shares of F5 Networks by 3,636.4% in the second quarter. Financial Architects Inc now owns 2,055 shares of the network technology company’s stock worth $234,000 after buying an additional 2,000 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of F5 Networks during the second quarter worth about $118,505,000. 92.36% of the stock is owned by institutional investors and hedge funds.
Shares of F5 Networks, Inc. (NASDAQ:FFIV) opened at 142.99 on Friday. The firm has a market capitalization of $9.34 billion, a PE ratio of 26.58 and a beta of 1.39. F5 Networks, Inc. has a 1-year low of $86.03 and a 1-year high of $148.34. The firm has a 50-day moving average price of $143.43 and a 200-day moving average price of $128.07.
F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, October 26th. The network technology company reported $2.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.17. The firm earned $525.30 million during the quarter, compared to analysts’ expectations of $520.45 million. F5 Networks had a net margin of 18.34% and a return on equity of 31.79%. F5 Networks’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.84 EPS. On average, analysts forecast that F5 Networks, Inc. will post $8.27 EPS for the current fiscal year.
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A number of brokerages have recently issued reports on FFIV. Jefferies Group lifted their price target on F5 Networks from $110.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, October 27th. Piper Jaffray Companies upgraded F5 Networks from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $125.00 to $141.00 in a report on Thursday, October 27th. BMO Capital Markets reiterated a “hold” rating on shares of F5 Networks in a report on Friday, November 18th. Zacks Investment Research upgraded F5 Networks from a “hold” rating to a “buy” rating and set a $161.00 target price on the stock in a research note on Thursday, November 24th. Finally, Nomura upgraded F5 Networks from a “reduce” rating to a “neutral” rating and boosted their target price for the stock from $115.00 to $130.00 in a research note on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $121.52.
In other news, EVP John D. Dilullo sold 5,777 shares of the business’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $135.31, for a total transaction of $781,685.87. Following the completion of the sale, the executive vice president now directly owns 10,594 shares of the company’s stock, valued at approximately $1,433,474.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Higginson sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $137.49, for a total transaction of $412,470.00. Following the sale, the director now directly owns 13,310 shares of the company’s stock, valued at $1,829,991.90. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.
F5 Networks Company Profile
F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.
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