Public Employees Retirement System of Ohio Sells 2,692 Shares of F5 Networks, Inc. (NASDAQ:FFIV)

Public Employees Retirement System of Ohio reduced its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,063 shares of the network technology company’s stock after selling 2,692 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of F5 Networks worth $5,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FFIV. Geode Capital Management LLC increased its stake in F5 Networks by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 1,094,712 shares of the network technology company’s stock valued at $177,152,000 after buying an additional 72,027 shares during the last quarter. First Republic Investment Management Inc. increased its stake in F5 Networks by 36.5% in the 1st quarter. First Republic Investment Management Inc. now owns 3,459 shares of the network technology company’s stock valued at $543,000 after buying an additional 925 shares during the last quarter. Alps Advisors Inc. increased its stake in F5 Networks by 13.3% in the 1st quarter. Alps Advisors Inc. now owns 2,692 shares of the network technology company’s stock valued at $422,000 after buying an additional 316 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in F5 Networks by 1.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 82,935 shares of the network technology company’s stock valued at $13,015,000 after buying an additional 1,140 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of F5 Networks by 1.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 6,354 shares of the network technology company’s stock worth $997,000 after purchasing an additional 80 shares during the last quarter. 94.15% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ FFIV traded down $0.74 during trading on Thursday, reaching $141.58. The company’s stock had a trading volume of 30,916 shares, compared to its average volume of 629,167. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.94 and a beta of 1.06. F5 Networks, Inc. has a 12 month low of $121.36 and a 12 month high of $199.71. The firm has a 50 day moving average price of $134.42 and a 200 day moving average price of $147.04.



F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, July 24th. The network technology company reported $1.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.06). The business had revenue of $563.39 million during the quarter, compared to the consensus estimate of $556.15 million. F5 Networks had a net margin of 21.03% and a return on equity of 36.33%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.44 EPS. As a group, research analysts anticipate that F5 Networks, Inc. will post 8.22 earnings per share for the current fiscal year.

FFIV has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 price objective on the stock in a research note on Thursday, August 8th. Evercore ISI initiated coverage on shares of F5 Networks in a research note on Wednesday. They set an “inline” rating and a $140.00 price objective on the stock. ValuEngine upgraded shares of F5 Networks from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. Credit Suisse Group boosted their price objective on shares of F5 Networks from $188.00 to $191.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Piper Jaffray Companies upgraded shares of F5 Networks from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $161.00 to $166.00 in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $162.99.

In other F5 Networks news, CEO Francois Locoh-Donou sold 4,037 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $142.72, for a total value of $576,160.64. Following the completion of the sale, the chief executive officer now owns 38,113 shares of the company’s stock, valued at approximately $5,439,487.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Higginson sold 1,688 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $132.90, for a total transaction of $224,335.20. Following the completion of the sale, the director now directly owns 9,840 shares of the company’s stock, valued at approximately $1,307,736. The disclosure for this sale can be found here. Insiders sold a total of 12,955 shares of company stock valued at $1,821,889 in the last three months. Insiders own 0.22% of the company’s stock.

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.

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

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