F5 Networks, Inc. (FFIV) Shares Bought by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC raised its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 49,329 shares of the network technology company’s stock after buying an additional 229 shares during the period. Nisa Investment Advisors LLC’s holdings in F5 Networks were worth $6,271,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of FFIV. American Beacon Advisors Inc. purchased a new stake in F5 Networks during the first quarter valued at about $153,000. Van ECK Associates Corp increased its stake in F5 Networks by 6.0% in the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock valued at $164,000 after buying an additional 65 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in F5 Networks by 5.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,376 shares of the network technology company’s stock valued at $196,000 after buying an additional 67 shares during the period. Putnam Investments LLC purchased a new stake in F5 Networks during the fourth quarter valued at about $201,000. Finally, First Bank & Trust increased its stake in F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock valued at $232,000 after buying an additional 5 shares during the period. Institutional investors own 95.86% of the company’s stock.
F5 Networks, Inc. (NASDAQ FFIV) traded down 0.27% during trading on Friday, hitting $126.90. The stock had a trading volume of 479,580 shares. The stock has a market capitalization of $8.21 billion, a P/E ratio of 21.66 and a beta of 1.17. The company has a 50-day moving average of $128.54 and a 200-day moving average of $135.91. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, April 26th. The network technology company reported $1.46 EPS for the quarter, missing the Zacks’ consensus estimate of $1.52 by $0.06. F5 Networks had a return on equity of 33.53% and a net margin of 18.88%. The company had revenue of $518.20 million during the quarter, compared to the consensus estimate of $523.12 million. During the same period in the previous year, the business earned $1.68 earnings per share. F5 Networks’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts expect that F5 Networks, Inc. will post $8.19 earnings per share for the current fiscal year.
Several research firms recently issued reports on FFIV. Drexel Hamilton restated a “buy” rating and issued a $160.00 price target on shares of F5 Networks in a research note on Friday. Oppenheimer Holdings, Inc. set a $157.00 price target on F5 Networks and gave the company a “buy” rating in a research note on Saturday, April 8th. Needham & Company LLC restated a “hold” rating on shares of F5 Networks in a research note on Thursday, March 30th. Cowen and Company restated an “outperform” rating and issued a $145.00 price target on shares of F5 Networks in a research note on Monday, June 5th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $130.00 price target on shares of F5 Networks in a research note on Friday, June 16th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $136.56.
In related news, Director John Mcadam sold 10,000 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $130.17, for a total value of $1,301,700.00. Following the sale, the director now owns 66,953 shares in the company, valued at $8,715,272.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ryan C. Kearny sold 846 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $127.95, for a total value of $108,245.70. Following the completion of the sale, the executive vice president now owns 1,071 shares in the company, valued at approximately $137,034.45. The disclosure for this sale can be found here. Insiders sold 25,146 shares of company stock worth $3,234,190 in the last quarter. 0.26% 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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