Gulf International Bank UK Ltd boosted its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,744 shares of the network technology company’s stock after buying an additional 300 shares during the period. Gulf International Bank UK Ltd’s holdings in F5 Networks were worth $3,242,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ raised its position in F5 Networks by 7.8% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 107,229 shares of the network technology company’s stock valued at $13,365,000 after buying an additional 7,800 shares during the last quarter. BlackRock Group LTD raised its position in F5 Networks by 2.7% in the third quarter. BlackRock Group LTD now owns 604,714 shares of the network technology company’s stock valued at $75,371,000 after buying an additional 16,018 shares during the last quarter. Polianta Ltd purchased a new position in F5 Networks during the fourth quarter valued at about $1,085,000. Putnam Investments LLC purchased a new position in F5 Networks during the fourth quarter valued at about $201,000. Finally, Renaissance Technologies LLC raised its position in F5 Networks by 18.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,804,874 shares of the network technology company’s stock valued at $261,201,000 after buying an additional 286,800 shares during the last quarter. Hedge funds and other institutional investors own 94.20% of the company’s stock.
F5 Networks, Inc. (NASDAQ:FFIV) opened at 136.87 on Friday. F5 Networks, Inc. has a 12-month low of $99.29 and a 12-month high of $149.50. The stock has a market capitalization of $8.87 billion, a P/E ratio of 24.70 and a beta of 1.33. The firm’s 50-day moving average is $142.06 and its 200-day moving average is $138.85.
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F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, January 25th. The network technology company reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.04. F5 Networks had a return on equity of 32.62% and a net margin of 18.32%. The business had revenue of $516 million for the quarter, compared to the consensus estimate of $517.97 million. During the same quarter in the previous year, the company posted $1.73 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Analysts predict that F5 Networks, Inc. will post $8.33 EPS for the current fiscal year.
Several research analysts have issued reports on FFIV shares. Barclays PLC restated a “sell” rating and set a $125.00 price target on shares of F5 Networks in a report on Wednesday, February 1st. Wunderlich restated a “hold” rating and set a $130.00 price target on shares of F5 Networks in a report on Tuesday, January 24th. Drexel Hamilton restated a “buy” rating and set a $160.00 price target on shares of F5 Networks in a report on Monday, January 23rd. Zacks Investment Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating and set a $163.00 price target for the company in a report on Tuesday, December 27th. Finally, Deutsche Bank AG restated a “sell” rating on shares of F5 Networks in a report on Wednesday, February 1st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $130.42.
In other news, insider John Mcadam sold 21,862 shares of the company’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $139.73, for a total value of $3,054,777.26. Following the sale, the insider now owns 94,551 shares in the company, valued at $13,211,611.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew Reinland sold 6,342 shares of the company’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $133.16, for a total value of $844,500.72. Following the completion of the sale, the chief financial officer now owns 21,393 shares in the company, valued at approximately $2,848,691.88. The disclosure for this sale can be found here. Insiders sold 39,037 shares of company stock worth $5,351,302 in the last 90 days. Company insiders own 0.26% of the company’s stock.
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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