Quantitative Investment Management LLC purchased a new stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 41,800 shares of the network technology company’s stock, valued at approximately $5,484,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management increased its holdings in F5 Networks by 150.0% in the 4th quarter. LSV Asset Management now owns 743,626 shares of the network technology company’s stock valued at $97,578,000 after purchasing an additional 446,142 shares during the last quarter. APG Asset Management N.V. increased its holdings in F5 Networks by 37.9% in the 4th quarter. APG Asset Management N.V. now owns 1,539,343 shares of the network technology company’s stock valued at $168,215,000 after purchasing an additional 422,994 shares during the last quarter. BlackRock Inc. increased its holdings in F5 Networks by 7.5% in the 4th quarter. BlackRock Inc. now owns 4,543,458 shares of the network technology company’s stock valued at $596,195,000 after purchasing an additional 317,414 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in F5 Networks by 26.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,262,621 shares of the network technology company’s stock valued at $152,223,000 after purchasing an additional 260,316 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in F5 Networks by 243.7% in the 3rd quarter. Schroder Investment Management Group now owns 318,623 shares of the network technology company’s stock valued at $38,691,000 after purchasing an additional 225,919 shares during the last quarter. 94.34% of the stock is currently owned by hedge funds and other institutional investors.

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F5 Networks, Inc. (NASDAQ:FFIV) opened at $147.84 on Wednesday. The company has a market cap of $9,077.53, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 2.21 and a beta of 1.01. F5 Networks, Inc. has a 12 month low of $114.63 and a 12 month high of $153.91.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, January 24th. The network technology company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.21. The firm had revenue of $523.20 million during the quarter, compared to the consensus estimate of $521.07 million. F5 Networks had a net margin of 19.79% and a return on equity of 35.98%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.98 earnings per share. research analysts forecast that F5 Networks, Inc. will post 7.32 earnings per share for the current fiscal year.

Several research firms recently weighed in on FFIV. Zacks Investment Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a report on Tuesday. BidaskClub downgraded shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a report on Tuesday. ValuEngine downgraded shares of F5 Networks from a “buy” rating to a “hold” rating in a report on Saturday. Goldman Sachs Group began coverage on shares of F5 Networks in a report on Wednesday, February 7th. They issued a “neutral” rating and a $145.00 target price for the company. Finally, Bank of America lifted their target price on shares of F5 Networks from $157.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $140.55.

In related news, CFO Andrew Reinland sold 12,963 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $148.01, for a total transaction of $1,918,653.63. Following the completion of the transaction, the chief financial officer now owns 515 shares in the company, valued at $76,225.15. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Dilullo sold 3,801 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $142.69, for a total transaction of $542,364.69. Following the transaction, the executive vice president now owns 7,522 shares of the company’s stock, valued at approximately $1,073,314.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,172 shares of company stock valued at $7,274,542. Insiders own 0.30% of the company’s stock.

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

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