F5 Networks, Inc. (FFIV) Shares Sold by 1st Global Advisors Inc.
1st Global Advisors Inc. lowered its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,262 shares of the network technology company’s stock after selling 69 shares during the period. 1st Global Advisors Inc.’s holdings in F5 Networks were worth $542,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of FFIV. BlackRock Inc. boosted its position in F5 Networks by 2,108.1% in the first quarter. BlackRock Inc. now owns 4,404,873 shares of the network technology company’s stock worth $628,003,000 after purchasing an additional 4,205,384 shares during the last quarter. Janus Henderson Group PLC boosted its position in F5 Networks by 424.5% in the second quarter. Janus Henderson Group PLC now owns 748,290 shares of the network technology company’s stock worth $95,081,000 after purchasing an additional 605,629 shares during the last quarter. Morgan Stanley boosted its position in F5 Networks by 171.1% in the first quarter. Morgan Stanley now owns 829,117 shares of the network technology company’s stock worth $118,207,000 after purchasing an additional 523,250 shares during the last quarter. FMR LLC boosted its position in F5 Networks by 30.7% in the second quarter. FMR LLC now owns 1,185,212 shares of the network technology company’s stock worth $150,592,000 after purchasing an additional 278,682 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its position in F5 Networks by 2,261.3% in the second quarter. Balyasny Asset Management LLC now owns 280,713 shares of the network technology company’s stock worth $35,667,000 after purchasing an additional 268,825 shares during the last quarter. 96.25% of the stock is currently owned by institutional investors and hedge funds.
In other F5 Networks news, Director Alan Higginson sold 2,540 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $120.52, for a total transaction of $306,120.80. Following the completion of the transaction, the director now owns 13,310 shares in the company, valued at $1,604,121.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Benjamin Gibson sold 3,262 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total value of $382,469.50. Following the transaction, the executive vice president now owns 815 shares of the company’s stock, valued at approximately $95,558.75. The disclosure for this sale can be found here. Insiders have sold 22,312 shares of company stock valued at $2,675,607 in the last 90 days. Company insiders own 0.26% of the company’s stock.
Shares of F5 Networks, Inc. (FFIV) traded up 0.048% during midday trading on Tuesday, reaching $115.845. The company had a trading volume of 90,875 shares. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 19.240 and a beta of 1.14. The stock has a 50-day moving average of $117.97 and a 200 day moving average of $125.53. F5 Networks, Inc. has a 52 week low of $114.63 and a 52 week high of $149.50.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.03. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The business had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. During the same quarter in the previous year, the business earned $1.81 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts anticipate that F5 Networks, Inc. will post $8.17 earnings per share for the current year.
Several research firms have weighed in on FFIV. KeyCorp reissued a “hold” rating on shares of F5 Networks in a research report on Wednesday, October 11th. Robert W. Baird restated a “hold” rating and issued a $125.00 target price on shares of F5 Networks in a research note on Wednesday, October 4th. Royal Bank Of Canada restated a “hold” rating and issued a $129.00 target price on shares of F5 Networks in a research note on Tuesday, October 10th. Piper Jaffray Companies restated a “hold” rating and issued a $121.00 target price on shares of F5 Networks in a research note on Thursday, October 12th. Finally, Nomura lowered their target price on F5 Networks from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $128.06.
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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