Balter Liquid Alternatives LLC boosted its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 31.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,008 shares of the network technology company’s stock after acquiring an additional 1,184 shares during the quarter. Balter Liquid Alternatives LLC’s holdings in F5 Networks were worth $657,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. APG Asset Management N.V. increased its stake in F5 Networks by 37.9% in the 4th quarter. APG Asset Management N.V. now owns 1,539,343 shares of the network technology company’s stock worth $168,215,000 after acquiring an additional 422,994 shares during the last quarter. Bank of New York Mellon Corp increased its stake in F5 Networks by 1.9% in the 3rd 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 acquiring an additional 26,260 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in F5 Networks by 24.4% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,401,720 shares of the network technology company’s stock worth $168,991,000 after acquiring an additional 274,997 shares during the last quarter. Ameriprise Financial Inc. increased its stake in F5 Networks by 26.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,262,621 shares of the network technology company’s stock worth $152,223,000 after acquiring an additional 260,316 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of F5 Networks by 150.0% during the 4th quarter. LSV Asset Management now owns 743,626 shares of the network technology company’s stock valued at $97,578,000 after purchasing an additional 446,142 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.
In related news, CFO Andrew Reinland sold 1,995 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $144.83, for a total transaction of $288,935.85. Following the transaction, the chief financial officer now directly owns 18,930 shares in the company, valued at approximately $2,741,631.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John D. Dilullo sold 3,801 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $142.69, for a total value of $542,364.69. Following the transaction, the executive vice president now owns 7,522 shares in the company, valued at $1,073,314.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,209 shares of company stock worth $1,467,119. 0.26% of the stock is owned by corporate insiders.
F5 Networks, Inc. (NASDAQ FFIV) opened at $138.64 on Friday. F5 Networks, Inc. has a 1 year low of $114.63 and a 1 year high of $149.50. The stock has a market capitalization of $8,900.00, a P/E ratio of 21.36, a P/E/G ratio of 2.09 and a beta of 1.08.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.21. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The business had revenue of $523.20 million for the quarter, compared to analyst estimates of $521.07 million. During the same period last year, the company earned $1.98 EPS. F5 Networks’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts forecast that F5 Networks, Inc. will post 7.23 EPS for the current year.
F5 Networks declared that its board has initiated a stock repurchase program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the network technology company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded F5 Networks from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research report on Wednesday, January 10th. Piper Jaffray Companies reiterated a “neutral” rating and set a $146.00 price objective on shares of F5 Networks in a research report on Wednesday, January 10th. DA Davidson set a $155.00 price objective on F5 Networks and gave the company a “buy” rating in a research report on Wednesday, January 17th. Deutsche Bank reiterated a “sell” rating on shares of F5 Networks in a research report on Friday, January 5th. Finally, Jefferies Group reiterated a “hold” rating on shares of F5 Networks in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. F5 Networks presently has an average rating of “Hold” and an average target price of $140.30.
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F5 Networks 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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