Taylor Hoffman Wealth Management Buys 1,562 Shares of F5 Networks, Inc. (NASDAQ:FFIV)

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Taylor Hoffman Wealth Management lifted its position in F5 Networks, Inc. (NASDAQ:FFIV) by 26.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,550 shares of the network technology company’s stock after buying an additional 1,562 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in F5 Networks were worth $1,060,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nuveen Asset Management LLC grew its holdings in shares of F5 Networks by 2,068.6% in the second quarter. Nuveen Asset Management LLC now owns 688,955 shares of the network technology company’s stock worth $100,332,000 after purchasing an additional 657,185 shares during the last quarter. AQR Capital Management LLC lifted its position in F5 Networks by 17.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,234,162 shares of the network technology company’s stock worth $321,474,000 after acquiring an additional 326,237 shares during the last quarter. Retirement Systems of Alabama lifted its position in F5 Networks by 389.7% during the 3rd quarter. Retirement Systems of Alabama now owns 136,332 shares of the network technology company’s stock worth $19,144,000 after acquiring an additional 108,492 shares during the last quarter. First Trust Advisors LP lifted its position in F5 Networks by 46.7% during the 3rd quarter. First Trust Advisors LP now owns 307,201 shares of the network technology company’s stock worth $43,137,000 after acquiring an additional 97,816 shares during the last quarter. Finally, Todd Asset Management LLC lifted its position in F5 Networks by 45.1% during the 2nd quarter. Todd Asset Management LLC now owns 306,671 shares of the network technology company’s stock worth $44,660,000 after acquiring an additional 95,256 shares during the last quarter. 93.95% of the stock is currently owned by hedge funds and other institutional investors.

FFIV traded up $0.79 during trading on Friday, hitting $148.41. 361,200 shares of the company’s stock were exchanged, compared to its average volume of 671,543. The stock has a market cap of $8.80 billion, a P/E ratio of 18.01, a PEG ratio of 2.02 and a beta of 1.06. F5 Networks, Inc. has a fifty-two week low of $121.36 and a fifty-two week high of $188.87. The business’s 50 day moving average is $139.28 and its two-hundred day moving average is $140.75.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, October 23rd. The network technology company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.04. The firm had revenue of $590.40 million during the quarter, compared to analyst estimates of $582.51 million. F5 Networks had a net margin of 19.07% and a return on equity of 31.79%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $2.90 earnings per share. As a group, research analysts expect that F5 Networks, Inc. will post 7.9 earnings per share for the current year.

In other news, CEO Francois Locoh-Donou sold 9,514 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $145.71, for a total value of $1,386,284.94. Following the completion of the transaction, the chief executive officer now directly owns 45,089 shares in the company, valued at $6,569,918.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Chad Michael Whalen sold 297 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $127.63, for a total transaction of $37,906.11. Following the completion of the transaction, the executive vice president now owns 1,331 shares of the company’s stock, valued at $169,875.53. The disclosure for this sale can be found here. Insiders sold 24,997 shares of company stock valued at $3,592,614 over the last 90 days. 0.22% of the stock is owned by company insiders.

FFIV has been the subject of a number of analyst reports. MKM Partners raised their target price on shares of F5 Networks from $164.00 to $166.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. ValuEngine raised shares of F5 Networks from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. BidaskClub upgraded shares of F5 Networks from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley upgraded shares of F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 target price on the stock in a research report on Thursday, August 8th. Finally, Zacks Investment Research downgraded shares of F5 Networks from a “hold” rating to a “sell” rating and set a $162.00 target price on the stock. in a research report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $158.42.

About F5 Networks

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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