Financial Gravity Companies Inc. purchased a new position in F5 Networks, Inc. (NASDAQ:FFIV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 406 shares of the network technology company’s stock, valued at approximately $65,000.
Several other institutional investors have also bought and sold shares of the company. Intercontinental Wealth Advisors LLC bought a new stake in F5 Networks in the 4th quarter valued at about $25,000. Highwater Wealth Management LLC bought a new stake in F5 Networks in the 4th quarter valued at about $54,000. Arrow Financial Corp bought a new stake in F5 Networks in the 4th quarter valued at about $45,000. Oppenheimer Asset Management Inc. bought a new stake in F5 Networks in the 4th quarter valued at about $48,000. Finally, NuWave Investment Management LLC lifted its position in F5 Networks by 5,127.3% in the 4th quarter. NuWave Investment Management LLC now owns 575 shares of the network technology company’s stock valued at $94,000 after purchasing an additional 564 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.
Several analysts recently weighed in on the stock. Zacks Investment Research reiterated a “buy” rating and issued a $189.00 price objective on shares of F5 Networks in a research report on Tuesday, November 13th. Credit Suisse Group lifted their price objective on shares of F5 Networks from $216.00 to $218.00 and gave the company an “outperform” rating in a research report on Thursday, October 25th. BMO Capital Markets lifted their price objective on shares of F5 Networks from $188.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, October 25th. Cowen lifted their price objective on shares of F5 Networks from $186.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, October 26th. Finally, MKM Partners lifted their price objective on shares of F5 Networks to $190.00 and gave the company a “neutral” rating in a research report on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. F5 Networks currently has a consensus rating of “Hold” and a consensus target price of $175.18.
F5 Networks stock opened at $163.10 on Tuesday. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 2.06 and a beta of 0.94. F5 Networks, Inc. has a 52 week low of $133.89 and a 52 week high of $199.71.
F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, January 23rd. The network technology company reported $2.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.53 by $0.17. The firm had revenue of $543.80 million for the quarter, compared to analysts’ expectations of $547.39 million. F5 Networks had a net margin of 22.74% and a return on equity of 40.12%. F5 Networks’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $2.26 EPS. Equities research analysts forecast that F5 Networks, Inc. will post 8.62 earnings per share for the current year.
In other F5 Networks news, Director Sandra E. Bergeron sold 8,900 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $169.54, for a total transaction of $1,508,906.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $339,080. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Chad Michael Whalen sold 379 shares of F5 Networks stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $159.50, for a total transaction of $60,450.50. Following the completion of the transaction, the executive vice president now directly owns 6,318 shares in the company, valued at approximately $1,007,721. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,978 shares of company stock worth $3,612,296. 0.22% of the stock is owned by corporate insiders.
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F5 Networks Company Profile
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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