Grimes & Company Inc. decreased its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 51,274 shares of the network technology company’s stock after selling 1,698 shares during the quarter. Grimes & Company Inc.’s holdings in F5 Networks were worth $6,728,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of F5 Networks by 23.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock worth $110,000 after buying an additional 161 shares in the last quarter. Zions Bancorporation lifted its position in shares of F5 Networks by 16,733.3% in the third quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock worth $122,000 after buying an additional 1,004 shares in the last quarter. Cadence Capital Management LLC purchased a new stake in shares of F5 Networks in the third quarter worth about $241,000. Moloney Securities Asset Management LLC purchased a new stake in shares of F5 Networks in the third quarter worth about $249,000. Finally, Profund Advisors LLC lifted its position in shares of F5 Networks by 16.6% in the second quarter. Profund Advisors LLC now owns 2,175 shares of the network technology company’s stock worth $276,000 after buying an additional 310 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

In other news, CEO Francois Locoh-Donou sold 1,675 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $142.85, for a total value of $239,273.75. Following the sale, the chief executive officer now directly owns 3,984 shares in the company, valued at $569,114.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Andrew Reinland sold 1,995 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $144.83, for a total value of $288,935.85. Following the completion of the sale, the chief financial officer now owns 18,930 shares in the company, valued at $2,741,631.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,209 shares of company stock worth $1,467,119. Company insiders own 0.30% of the company’s stock.

A number of research firms recently commented on FFIV. BidaskClub upgraded F5 Networks from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America upped their price objective on F5 Networks from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Oppenheimer restated a “hold” rating on shares of F5 Networks in a research report on Thursday, January 25th. Cowen restated a “buy” rating and set a $162.00 price objective on shares of F5 Networks in a research report on Thursday, January 25th. Finally, MKM Partners upped their price objective on F5 Networks from $133.00 to $156.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $140.05.

Shares of F5 Networks, Inc. (NASDAQ FFIV) opened at $139.73 on Wednesday. F5 Networks, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $149.50. The firm has a market capitalization of $8,421.98, a P/E ratio of 21.50, a PEG ratio of 2.08 and a beta of 1.08.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.21. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The firm had revenue of $523.20 million for the quarter, compared to the consensus estimate of $521.07 million. During the same period in the prior year, the business posted $1.98 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts expect that F5 Networks, Inc. will post 7.23 EPS for the current fiscal year.

F5 Networks declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network technology company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

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

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