Alps Advisors Inc. increased its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 13.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,692 shares of the network technology company’s stock after buying an additional 316 shares during the period. Alps Advisors Inc.’s holdings in F5 Networks were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of FFIV. Intercontinental Wealth Advisors LLC purchased a new stake in shares of F5 Networks in the 4th quarter worth approximately $25,000. Lindbrook Capital LLC purchased a new stake in shares of F5 Networks in the 4th quarter worth approximately $26,000. Atlas Capital Advisors LLC grew its stake in shares of F5 Networks by 306.5% in the 1st quarter. Atlas Capital Advisors LLC now owns 187 shares of the network technology company’s stock worth $29,000 after buying an additional 141 shares during the last quarter. Rational Advisors LLC grew its stake in shares of F5 Networks by 2,009.1% in the 4th quarter. Rational Advisors LLC now owns 232 shares of the network technology company’s stock worth $38,000 after buying an additional 221 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in shares of F5 Networks in the 1st quarter worth approximately $41,000. Institutional investors own 97.15% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded F5 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. BidaskClub upgraded F5 Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Deutsche Bank cut their price target on F5 Networks from $115.00 to $110.00 and set a “sell” rating on the stock in a research note on Tuesday, March 12th. JPMorgan Chase & Co. downgraded F5 Networks from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $210.00 to $183.00 in a research note on Tuesday, March 12th. Finally, William Blair reiterated a “market perform” rating on shares of F5 Networks in a research note on Tuesday, March 12th. Four equities research analysts have rated the stock with a sell rating, seven have given 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 price target of $173.99.
Shares of FFIV opened at $141.97 on Wednesday. F5 Networks, Inc. has a 12 month low of $141.05 and a 12 month high of $199.71. The firm has a market cap of $8.56 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.90 and a beta of 0.91.
F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, April 24th. The network technology company reported $2.04 EPS for the quarter, beating the consensus estimate of $2.03 by $0.01. F5 Networks had a return on equity of 39.13% and a net margin of 22.91%. The business had revenue of $544.90 million for the quarter, compared to the consensus estimate of $547.03 million. During the same period last year, the business posted $2.31 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts anticipate that F5 Networks, Inc. will post 8.59 earnings per share for the current year.
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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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