BTIM Corp. grew its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,642 shares of the network technology company’s stock after buying an additional 4,517 shares during the period. BTIM Corp. owned 0.21% of F5 Networks worth $19,874,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Intercontinental Wealth Advisors LLC purchased a new stake in shares of F5 Networks in the fourth quarter valued at $25,000. Lindbrook Capital LLC purchased a new stake in shares of F5 Networks in the fourth quarter valued at $26,000. Rational Advisors LLC grew its position in shares of F5 Networks by 2,009.1% in the fourth quarter. Rational Advisors LLC now owns 232 shares of the network technology company’s stock valued at $38,000 after purchasing an additional 221 shares during the period. Global Trust Asset Management LLC purchased a new stake in shares of F5 Networks in the first quarter valued at $41,000. Finally, Highwater Wealth Management LLC purchased a new stake in shares of F5 Networks in the fourth quarter valued at $54,000. 97.15% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on FFIV shares. Zacks Investment Research raised F5 Networks from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, January 29th. BidaskClub upgraded F5 Networks from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Credit Suisse Group reiterated a “buy” rating and issued a $218.00 target price on shares of F5 Networks in a report on Thursday, December 20th. ValuEngine cut F5 Networks from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Finally, William Blair reiterated a “market perform” rating on shares of F5 Networks in a report on Tuesday, March 12th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $170.87.
In other F5 Networks news, EVP Thomas Dean Fountain sold 545 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $171.60, for a total transaction of $93,522.00. Following the transaction, the executive vice president now owns 763 shares in the company, valued at $130,930.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 4,036 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $159.50, for a total value of $643,742.00. Following the transaction, the chief executive officer now owns 29,639 shares in the company, valued at approximately $4,727,420.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,469 shares of company stock worth $2,339,402. 0.22% of the stock is currently owned by insiders.
Shares of F5 Networks stock opened at $166.12 on Wednesday. F5 Networks, Inc. has a twelve month low of $148.90 and a twelve month high of $199.71. The firm has a market capitalization of $9.89 billion, a P/E ratio of 20.77, a PEG ratio of 2.14 and a beta of 0.93.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, January 23rd. The network technology company reported $2.70 EPS for the quarter, topping the Zacks’ consensus estimate of $2.53 by $0.17. The company had revenue of $543.80 million for the quarter, compared to analysts’ expectations of $547.39 million. F5 Networks had a return on equity of 40.12% and a net margin of 22.74%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.26 earnings per share. Equities analysts forecast that F5 Networks, Inc. will post 8.64 EPS for the current fiscal year.
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F5 Networks 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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