BT Investment Management Ltd cut its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 79.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,646 shares of the network technology company’s stock after selling 25,894 shares during the period. BT Investment Management Ltd’s holdings in F5 Networks were worth $808,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Contravisory Investment Management Inc. lifted its stake in F5 Networks by 0.8% in the second quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock worth $235,000 after purchasing an additional 14 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in F5 Networks by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock worth $178,000 after purchasing an additional 21 shares during the last quarter. Intrust Bank NA lifted its stake in F5 Networks by 1.1% in the second quarter. Intrust Bank NA now owns 4,590 shares of the network technology company’s stock worth $584,000 after purchasing an additional 50 shares during the last quarter. Synovus Financial Corp lifted its stake in F5 Networks by 4.5% in the second quarter. Synovus Financial Corp now owns 1,851 shares of the network technology company’s stock worth $241,000 after purchasing an additional 79 shares during the last quarter. Finally, MAI Capital Management lifted its stake in F5 Networks by 1.2% in the second quarter. MAI Capital Management now owns 6,906 shares of the network technology company’s stock worth $877,000 after purchasing an additional 80 shares during the last quarter. 97.68% of the stock is owned by institutional investors and hedge funds.

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Shares of F5 Networks, Inc. (FFIV) opened at $120.96 on Friday. The firm has a market cap of $7,595.10, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. F5 Networks, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $149.50.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, October 25th. The network technology company reported $2.44 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.24. F5 Networks had a net margin of 20.13% and a return on equity of 34.70%. The firm had revenue of $538.00 million for the quarter, compared to analysts’ expectations of $534.71 million. During the same quarter in the prior year, the company posted $2.11 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. analysts forecast that F5 Networks, Inc. will post 6.7 earnings per share for the current fiscal year.

F5 Networks declared that its Board of Directors has authorized a share buyback plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the network technology company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Several equities analysts have recently commented on the stock. Cowen and Company reaffirmed a “buy” rating and set a $140.00 price objective on shares of F5 Networks in a research note on Friday, October 27th. Nomura lowered their price objective on shares of F5 Networks from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. Barclays PLC lowered their price objective on shares of F5 Networks from $116.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. BMO Capital Markets lowered their price objective on shares of F5 Networks from $124.00 to $122.00 and set a “market perform” rating for the company in a research note on Thursday, October 26th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $120.00 price objective on shares of F5 Networks in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $126.76.

In other news, CMO Benjamin Gibson sold 932 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $119.52, for a total transaction of $111,392.64. Following the sale, the chief marketing officer now owns 1,651 shares in the company, valued at $197,327.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Francois Locoh-Donou sold 1,714 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $119.87, for a total transaction of $205,457.18. Following the sale, the chief executive officer now owns 2,119 shares in the company, valued at approximately $254,004.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,485 shares of company stock worth $2,827,124. Corporate insiders own 0.26% of the company’s stock.

About F5 Networks

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.

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

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