Macquarie Group Ltd. Acquires 1,200 Shares of F5 Networks, Inc. (FFIV)

Macquarie Group Ltd. lifted its holdings in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 21.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,900 shares of the network technology company’s stock after buying an additional 1,200 shares during the period. Macquarie Group Ltd.’s holdings in F5 Networks were worth $831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FFIV. Banque Pictet & Cie SA raised its holdings in F5 Networks by 1.6% during the third quarter. Banque Pictet & Cie SA now owns 47,815 shares of the network technology company’s stock worth $5,765,000 after purchasing an additional 740 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in F5 Networks by 26.0% during the third quarter. Ameriprise Financial Inc. now owns 1,262,621 shares of the network technology company’s stock worth $152,223,000 after purchasing an additional 260,316 shares in the last quarter. SG Americas Securities LLC raised its holdings in F5 Networks by 80.6% during the third quarter. SG Americas Securities LLC now owns 15,205 shares of the network technology company’s stock worth $1,833,000 after purchasing an additional 6,786 shares in the last quarter. Quantbot Technologies LP raised its holdings in F5 Networks by 389.1% during the third quarter. Quantbot Technologies LP now owns 41,488 shares of the network technology company’s stock worth $5,001,000 after purchasing an additional 33,005 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in F5 Networks by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 1,410,973 shares of the network technology company’s stock worth $170,107,000 after purchasing an additional 26,260 shares in the last quarter. Institutional investors and hedge funds own 95.19% of the company’s stock.

In other news, EVP Edward Julian Eames sold 15,336 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $121.06, for a total value of $1,856,576.16. Following the sale, the executive vice president now directly owns 43,824 shares in the company, valued at $5,305,333.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,714 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $119.87, for a total transaction of $205,457.18. Following the completion of the sale, the chief executive officer now owns 2,119 shares in the company, valued at $254,004.53. The disclosure for this sale can be found here. Insiders sold 35,712 shares of company stock worth $4,316,345 over the last quarter. Company insiders own 0.26% of the company’s stock.

Several research analysts recently issued reports on the stock. Cowen reissued a “buy” rating and set a $140.00 price target on shares of F5 Networks in a report on Friday, October 27th. Nomura cut their price target on shares of F5 Networks from $115.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, October 26th. Barclays dropped their target price on shares of F5 Networks from $116.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, October 26th. BMO Capital Markets dropped their target price on shares of F5 Networks from $124.00 to $122.00 and set a “market perform” rating for the company in a report on Thursday, October 26th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $120.00 target price on shares of F5 Networks in a report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. F5 Networks currently has an average rating of “Hold” and an average target price of $125.94.

F5 Networks, Inc. (FFIV) opened at $132.74 on Monday. The stock has a market cap of $8,308.66, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. F5 Networks, Inc. has a 1-year low of $114.63 and a 1-year high of $149.50.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, October 25th. The network technology company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.20 by $0.24. The business had revenue of $538.00 million for the quarter, compared to analyst estimates of $534.71 million. F5 Networks had a net margin of 20.13% and a return on equity of 34.70%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.11 earnings per share. analysts predict that F5 Networks, Inc. will post 6.7 EPS for the current fiscal year.

F5 Networks announced that its board has approved a stock repurchase plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the network technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/12/11/macquarie-group-ltd-acquires-1200-shares-of-f5-networks-inc-ffiv.html.

About F5 Networks

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.

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

Receive News & Ratings for F5 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply