F5 Networks, Inc. (FFIV) Shares Bought by Putnam Investments LLC
Putnam Investments LLC raised its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 2.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 153,384 shares of the network technology company’s stock after acquiring an additional 3,153 shares during the period. Putnam Investments LLC owned approximately 0.25% of F5 Networks worth $26,451,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC purchased a new stake in shares of F5 Networks during the 1st quarter valued at about $100,000. Piedmont Investment Advisors LLC purchased a new stake in shares of F5 Networks during the 2nd quarter valued at about $119,000. Advisor Partners LLC purchased a new stake in F5 Networks in the 2nd quarter worth approximately $202,000. Bailard Inc. purchased a new stake in F5 Networks in the 2nd quarter worth approximately $207,000. Finally, Private Advisor Group LLC purchased a new stake in F5 Networks in the 2nd quarter worth approximately $211,000. Institutional investors and hedge funds own 94.22% of the company’s stock.
Several equities research analysts recently issued reports on FFIV shares. Credit Suisse Group set a $188.00 target price on shares of F5 Networks and gave the stock a “buy” rating in a report on Monday, May 21st. BidaskClub lowered shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Bank of America increased their target price on shares of F5 Networks from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 11th. Standpoint Research lowered shares of F5 Networks from a “buy” rating to a “hold” rating and set a $160.00 target price for the company. in a report on Monday, June 18th. Finally, Citigroup lowered shares of F5 Networks from a “buy” rating to a “neutral” rating and increased their target price for the stock from $170.00 to $190.00 in a report on Monday, June 18th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $166.16.
F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, July 25th. The network technology company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.05. F5 Networks had a return on equity of 38.57% and a net margin of 21.37%. The business had revenue of $542.20 million during the quarter, compared to the consensus estimate of $540.59 million. During the same period last year, the company earned $2.03 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. equities research analysts predict that F5 Networks, Inc. will post 7.64 EPS for the current year.
In other news, Director Jonathan Chadwick sold 2,540 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $170.64, for a total transaction of $433,425.60. Following the transaction, the director now owns 7,969 shares in the company, valued at $1,359,830.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Ryan C. Kearny sold 857 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $171.86, for a total value of $147,284.02. Following the transaction, the senior vice president now owns 4,714 shares in the company, valued at approximately $810,148.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,327 shares of company stock worth $3,026,072. Insiders own 0.30% of the company’s stock.
F5 Networks Company Profile
F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.
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