Telemark Asset Management LLC Invests $10.43 Million in F5 Networks, Inc. (NASDAQ:FFIV)

Telemark Asset Management LLC purchased a new position in F5 Networks, Inc. (NASDAQ:FFIV) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 50,000 shares of the network technology company’s stock, valued at approximately $10,431,000. Telemark Asset Management LLC owned 0.08% of F5 Networks at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of F5 Networks by 2.1% in the 1st quarter. Parallel Advisors LLC now owns 2,529 shares of the network technology company’s stock worth $528,000 after acquiring an additional 51 shares during the period. M&T Bank Corp lifted its stake in F5 Networks by 0.7% during the fourth quarter. M&T Bank Corp now owns 7,406 shares of the network technology company’s stock valued at $1,303,000 after purchasing an additional 52 shares during the last quarter. Financial Advisors Network Inc. lifted its stake in F5 Networks by 0.5% during the fourth quarter. Financial Advisors Network Inc. now owns 11,834 shares of the network technology company’s stock valued at $2,082,000 after purchasing an additional 64 shares during the last quarter. US Bancorp DE lifted its stake in F5 Networks by 0.9% during the first quarter. US Bancorp DE now owns 7,337 shares of the network technology company’s stock valued at $1,531,000 after purchasing an additional 64 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in F5 Networks by 0.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,775 shares of the network technology company’s stock valued at $2,248,000 after purchasing an additional 69 shares during the last quarter. 96.10% of the stock is owned by institutional investors.

Shares of NASDAQ FFIV traded down $2.42 during trading hours on Friday, hitting $191.87. 7,666 shares of the stock were exchanged, compared to its average volume of 689,526. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $193.52. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 42.87, a P/E/G ratio of 1.92 and a beta of 1.05. F5 Networks, Inc. has a one year low of $116.79 and a one year high of $216.15.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Tuesday, April 27th. The network technology company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.90. F5 Networks had a net margin of 11.28% and a return on equity of 18.60%. The firm had revenue of $645.29 million during the quarter, compared to the consensus estimate of $635.98 million. During the same period in the prior year, the firm earned $2.23 EPS. The business’s revenue was up 10.6% on a year-over-year basis. On average, analysts anticipate that F5 Networks, Inc. will post 7.02 EPS for the current year.

In related news, CMO Mika Yamamoto sold 469 shares of F5 Networks stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $200.00, for a total transaction of $93,800.00. Following the transaction, the chief marketing officer now owns 5,633 shares of the company’s stock, valued at approximately $1,126,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas Dean Fountain sold 1,978 shares of F5 Networks stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $195.03, for a total transaction of $385,769.34. Following the completion of the transaction, the executive vice president now directly owns 14,957 shares in the company, valued at approximately $2,917,063.71. The disclosure for this sale can be found here. Insiders have sold a total of 18,220 shares of company stock valued at $3,449,325 in the last quarter. 0.46% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC boosted their price target on shares of F5 Networks from $245.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. TheStreet lowered shares of F5 Networks from a “b” rating to a “c+” rating in a report on Tuesday, April 27th. The Goldman Sachs Group lowered shares of F5 Networks from a “neutral” rating to a “sell” rating and cut their price target for the company from $191.00 to $165.00 in a report on Tuesday, June 1st. Credit Suisse Group upgraded shares of F5 Networks from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $203.00 to $235.00 in a report on Thursday. Finally, Piper Sandler boosted their price target on shares of F5 Networks from $216.00 to $223.00 in a report on Tuesday, March 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $207.07.

F5 Networks Profile

F5 Networks, Inc provides multi-cloud application services for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application services enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.

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

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