State of Wisconsin Investment Board Increases Holdings in F5 Networks, Inc. (FFIV)

State of Wisconsin Investment Board increased its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 27.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,939 shares of the network technology company’s stock after acquiring an additional 16,267 shares during the period. State of Wisconsin Investment Board owned about 0.12% of F5 Networks worth $10,982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FFIV. BlackRock Inc. raised its stake in shares of F5 Networks by 7.5% during the fourth quarter. BlackRock Inc. now owns 4,543,458 shares of the network technology company’s stock valued at $596,195,000 after acquiring an additional 317,414 shares during the last quarter. Reinhart Partners Inc. raised its stake in shares of F5 Networks by 31.0% during the fourth quarter. Reinhart Partners Inc. now owns 189,758 shares of the network technology company’s stock valued at $24,900,000 after acquiring an additional 44,853 shares during the last quarter. Swiss National Bank raised its stake in shares of F5 Networks by 13.2% during the fourth quarter. Swiss National Bank now owns 269,864 shares of the network technology company’s stock valued at $35,412,000 after acquiring an additional 31,400 shares during the last quarter. Sawgrass Asset Management LLC raised its stake in shares of F5 Networks by 57.0% during the fourth quarter. Sawgrass Asset Management LLC now owns 294,200 shares of the network technology company’s stock valued at $38,605,000 after acquiring an additional 106,780 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of F5 Networks by 20.1% during the fourth quarter. State of Alaska Department of Revenue now owns 12,502 shares of the network technology company’s stock valued at $1,638,000 after acquiring an additional 2,090 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

In other news, SVP Ryan C. Kearny sold 862 shares of F5 Networks stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $162.78, for a total transaction of $140,316.36. Following the completion of the transaction, the senior vice president now directly owns 4,505 shares in the company, valued at $733,323.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 6,666 shares of F5 Networks stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $177.13, for a total transaction of $1,180,748.58. Following the transaction, the chief executive officer now owns 10,037 shares of the company’s stock, valued at $1,777,853.81. The disclosure for this sale can be found here. Insiders sold 61,367 shares of company stock valued at $10,520,380 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Several equities analysts have recently issued reports on FFIV shares. Zacks Investment Research downgraded shares of F5 Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 27th. William Blair raised shares of F5 Networks from a “market perform” rating to an “outperform” rating in a research note on Friday, April 13th. BidaskClub downgraded shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 4th. ValuEngine downgraded shares of F5 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th. Finally, Nomura lowered their target price on shares of F5 Networks to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, April 18th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $150.30.

NASDAQ:FFIV traded up $2.20 during trading hours on Wednesday, reaching $179.77. The company had a trading volume of 556,860 shares, compared to its average volume of 762,124. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 2.56 and a beta of 1.07. F5 Networks, Inc. has a twelve month low of $114.63 and a twelve month high of $180.92.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, April 25th. The network technology company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.04. The business had revenue of $533.30 million during the quarter, compared to analysts’ expectations of $529.95 million. F5 Networks had a net margin of 20.43% and a return on equity of 37.01%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $1.95 earnings per share. research analysts forecast that F5 Networks, Inc. will post 7.46 EPS for the current year.

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.

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

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