Koch Industries Inc. lessened its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,287 shares of the network technology company’s stock after selling 1,348 shares during the quarter. Koch Industries Inc.’s holdings in F5 Networks were worth $825,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in FFIV. California Public Employees Retirement System grew its holdings in F5 Networks by 3.4% during the third quarter. California Public Employees Retirement System now owns 168,309 shares of the network technology company’s stock worth $20,291,000 after acquiring an additional 5,509 shares during the period. Macquarie Group Ltd. grew its holdings in F5 Networks by 21.1% during the third quarter. Macquarie Group Ltd. now owns 6,900 shares of the network technology company’s stock worth $831,000 after acquiring an additional 1,200 shares during the period. Reinhart Partners Inc. grew its holdings in F5 Networks by 31.0% during the fourth quarter. Reinhart Partners Inc. now owns 189,758 shares of the network technology company’s stock worth $24,900,000 after acquiring an additional 44,853 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in F5 Networks by 89.1% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,349 shares of the network technology company’s stock worth $405,000 after acquiring an additional 1,578 shares during the period. Finally, Swiss National Bank grew its holdings in F5 Networks by 13.2% during the fourth quarter. Swiss National Bank now owns 269,864 shares of the network technology company’s stock worth $35,412,000 after acquiring an additional 31,400 shares during the period. Institutional investors and hedge funds own 94.34% of the company’s stock.
In related news, CFO Andrew Reinland sold 12,963 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $148.01, for a total transaction of $1,918,653.63. Following the transaction, the chief financial officer now directly owns 515 shares in the company, valued at $76,225.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Mcadam sold 25,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $143.99, for a total value of $3,599,750.00. Following the transaction, the director now owns 56,312 shares in the company, valued at $8,108,364.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,172 shares of company stock worth $7,274,542. Corporate insiders own 0.30% of the company’s stock.
FFIV has been the topic of a number of recent analyst reports. Morgan Stanley upped their price objective on F5 Networks from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. ValuEngine lowered F5 Networks from a “buy” rating to a “hold” rating in a report on Saturday. Robert W. Baird reaffirmed a “hold” rating and set a $145.00 price objective on shares of F5 Networks in a report on Thursday, January 25th. Zacks Investment Research raised F5 Networks from a “hold” rating to a “buy” rating and set a $164.00 price objective on the stock in a report on Tuesday. Finally, Goldman Sachs Group initiated coverage on F5 Networks in a report on Wednesday, February 7th. They set a “neutral” rating and a $145.00 price objective on the stock. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $140.55.
F5 Networks, Inc. (NASDAQ FFIV) traded up $0.08 on Wednesday, hitting $147.92. The company had a trading volume of 601,899 shares, compared to its average volume of 857,076. The firm has a market capitalization of $9,150.00, a price-to-earnings ratio of 21.78, a P/E/G ratio of 2.21 and a beta of 1.01. F5 Networks, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $153.91.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, January 24th. The network technology company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.21. The business had revenue of $523.20 million for the quarter, compared to analyst estimates of $521.07 million. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 earnings per share. research analysts predict that F5 Networks, Inc. will post 7.32 earnings per share for the current year.
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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