Russell Investments Group Ltd. lessened its holdings in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,683 shares of the network technology company’s stock after selling 12,133 shares during the quarter. Russell Investments Group Ltd. owned 0.30% of F5 Networks worth $25,601,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Nuveen Asset Management LLC increased its stake in F5 Networks by 2,068.6% in the second quarter. Nuveen Asset Management LLC now owns 688,955 shares of the network technology company’s stock valued at $100,332,000 after acquiring an additional 657,185 shares during the last quarter. AQR Capital Management LLC raised its position in shares of F5 Networks by 17.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,234,162 shares of the network technology company’s stock valued at $321,474,000 after purchasing an additional 326,237 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of F5 Networks by 389.7% in the 3rd quarter. Retirement Systems of Alabama now owns 136,332 shares of the network technology company’s stock valued at $19,144,000 after purchasing an additional 108,492 shares during the last quarter. Todd Asset Management LLC raised its position in F5 Networks by 45.1% during the 2nd quarter. Todd Asset Management LLC now owns 306,671 shares of the network technology company’s stock worth $44,660,000 after buying an additional 95,256 shares during the last quarter. Finally, Edgestream Partners L.P. raised its position in F5 Networks by 124.1% during the 2nd quarter. Edgestream Partners L.P. now owns 164,634 shares of the network technology company’s stock worth $23,976,000 after buying an additional 91,173 shares during the last quarter. 93.95% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have issued reports on FFIV. ValuEngine raised shares of F5 Networks from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. Morgan Stanley raised F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 price target for the company in a report on Thursday, August 8th. Craig Hallum started coverage on F5 Networks in a report on Tuesday, September 10th. They issued a “buy” rating and a $168.00 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of F5 Networks in a report on Monday, October 21st. Finally, BidaskClub raised F5 Networks from a “sell” rating to a “hold” rating in a report on Saturday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $158.42.
F5 Networks stock opened at $148.41 on Friday. The business has a 50 day simple moving average of $139.28 and a 200-day simple moving average of $140.75. The stock has a market capitalization of $8.80 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 2.02 and a beta of 1.06. F5 Networks, Inc. has a 12 month low of $121.36 and a 12 month high of $188.87.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, October 23rd. The network technology company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.55 by $0.04. The firm had revenue of $590.40 million during the quarter, compared to analysts’ expectations of $582.51 million. F5 Networks had a return on equity of 31.79% and a net margin of 19.07%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.90 EPS. Sell-side analysts expect that F5 Networks, Inc. will post 7.9 EPS for the current fiscal year.
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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