Ladenburg Thalmann Financial Services Inc. reduced its stake in shares of F5 Networks (NASDAQ:FFIV) by 49.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,699 shares of the network technology company’s stock after selling 1,650 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in F5 Networks were worth $223,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of F5 Networks by 7.5% during the 4th quarter. BlackRock Inc. now owns 4,543,458 shares of the network technology company’s stock valued at $596,195,000 after buying an additional 317,414 shares in the last quarter. APG Asset Management N.V. lifted its holdings 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 purchasing an additional 422,994 shares in the last quarter. Geode Capital Management LLC lifted its holdings in F5 Networks by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 887,605 shares of the network technology company’s stock worth $116,289,000 after purchasing an additional 18,390 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in F5 Networks by 19.9% in the 4th quarter. Two Sigma Advisers LP now owns 874,980 shares of the network technology company’s stock worth $114,815,000 after purchasing an additional 145,300 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in F5 Networks by 150.0% in the 4th quarter. LSV Asset Management now owns 743,626 shares of the network technology company’s stock worth $97,578,000 after purchasing an additional 446,142 shares in the last quarter. 94.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently commented on the company. MKM Partners boosted their price target on F5 Networks from $133.00 to $156.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Piper Jaffray reissued a “neutral” rating and issued a $146.00 price target on shares of F5 Networks in a report on Wednesday, January 10th. BidaskClub raised F5 Networks from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. DA Davidson reissued a “buy” rating and issued a $167.00 price target on shares of F5 Networks in a report on Thursday, January 25th. Finally, Deutsche Bank reissued a “sell” rating on shares of F5 Networks in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $140.55.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, January 24th. The network technology company reported $2.26 earnings per share (EPS) for the quarter, topping the Zacks’ 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 the consensus estimate of $521.07 million. During the same quarter in the previous year, the company posted $1.98 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts expect that F5 Networks will post 7.32 earnings per share for the current year.
In other news, Director John Mcadam sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $143.99, for a total transaction of $3,599,750.00. Following the transaction, the director now owns 56,312 shares of the company’s stock, valued at approximately $8,108,364.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew Reinland sold 12,963 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $148.01, for a total value of $1,918,653.63. Following the transaction, the chief financial officer now directly owns 515 shares in the company, valued at approximately $76,225.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,172 shares of company stock worth $7,274,542. Corporate insiders own 0.26% of the company’s stock.
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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