ING Groep NV purchased a new stake in F5 Networks, Inc. (NASDAQ:FFIV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,310 shares of the network technology company’s stock, valued at approximately $1,458,000.

Several other hedge funds have also recently made changes to their positions in FFIV. BlackRock Inc. lifted its position in F5 Networks by 10.5% in the 2nd quarter. BlackRock Inc. now owns 5,070,865 shares of the network technology company’s stock valued at $874,472,000 after acquiring an additional 481,489 shares in the last quarter. Renaissance Technologies LLC lifted its position in F5 Networks by 0.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,807,974 shares of the network technology company’s stock valued at $311,785,000 after acquiring an additional 9,200 shares in the last quarter. Bank of Montreal Can lifted its position in F5 Networks by 1.3% in the 3rd quarter. Bank of Montreal Can now owns 1,391,872 shares of the network technology company’s stock valued at $277,567,000 after acquiring an additional 18,476 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its position in F5 Networks by 42.5% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,098,760 shares of the network technology company’s stock valued at $219,114,000 after acquiring an additional 327,447 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in F5 Networks by 45.1% in the 3rd quarter. First Trust Advisors LP now owns 886,850 shares of the network technology company’s stock valued at $176,856,000 after acquiring an additional 275,849 shares in the last quarter. 98.58% of the stock is owned by institutional investors.

Shares of NASDAQ:FFIV opened at $177.77 on Friday. F5 Networks, Inc. has a one year low of $121.19 and a one year high of $199.71. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 2.09 and a beta of 0.95.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, October 24th. The network technology company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.63 by $0.27. F5 Networks had a net margin of 20.99% and a return on equity of 40.04%. The firm had revenue of $562.71 million for the quarter, compared to analysts’ expectations of $560.72 million. On average, sell-side analysts anticipate that F5 Networks, Inc. will post 8.48 earnings per share for the current fiscal year.

Several equities research analysts recently commented on FFIV shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $188.00 price objective on shares of F5 Networks in a research report on Thursday, July 26th. MKM Partners boosted their price objective on shares of F5 Networks to $178.00 and gave the company a “neutral” rating in a research report on Thursday, July 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $168.00 price objective on shares of F5 Networks in a research report on Thursday, July 26th. BidaskClub cut shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, Credit Suisse Group boosted their price objective on shares of F5 Networks from $188.00 to $216.00 and gave the company an “outperform” rating in a research report on Wednesday, September 5th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. F5 Networks currently has a consensus rating of “Hold” and a consensus target price of $174.41.

In other F5 Networks news, Director Deborah L. Bevier sold 2,540 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $181.25, for a total transaction of $460,375.00. Following the sale, the director now directly owns 7,152 shares of the company’s stock, valued at approximately $1,296,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Francois Locoh-Donou sold 6,118 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $177.32, for a total transaction of $1,084,843.76. Following the sale, the chief executive officer now directly owns 21,961 shares in the company, valued at $3,894,124.52. The disclosure for this sale can be found here. Insiders have sold a total of 44,694 shares of company stock worth $7,986,951 over the last three months. Insiders own 0.26% of the company’s stock.

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

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