Livforsakringsbolaget Skandia Omsesidigt Sells 900 Shares of F5 Networks, Inc. (FFIV)

Livforsakringsbolaget Skandia Omsesidigt cut its position in F5 Networks, Inc. (NASDAQ:FFIV) by 8.4% in the fourth quarter, HoldingsChannel reports. The firm owned 9,757 shares of the network technology company’s stock after selling 900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in F5 Networks were worth $1,281,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Schwab Charles Investment Management Inc. increased its holdings in shares of F5 Networks by 5.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 367,713 shares of the network technology company’s stock valued at $48,252,000 after acquiring an additional 18,519 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in shares of F5 Networks during the fourth quarter valued at about $756,000. Aurora Investment Counsel acquired a new position in shares of F5 Networks during the fourth quarter valued at about $2,806,000. California Public Employees Retirement System increased its holdings in shares of F5 Networks by 3.4% during the third quarter. California Public Employees Retirement System now owns 168,309 shares of the network technology company’s stock valued at $20,291,000 after acquiring an additional 5,509 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of F5 Networks by 89.1% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,349 shares of the network technology company’s stock valued at $405,000 after acquiring an additional 1,578 shares in the last quarter. Institutional investors and hedge funds own 94.87% of the company’s stock.

In other F5 Networks news, COO Edward Julian Eames sold 15,489 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $120.84, for a total value of $1,871,690.76. Following the sale, the chief operating officer now owns 21,587 shares in the company, valued at approximately $2,608,573.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Benjamin Gibson sold 932 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $119.52, for a total value of $111,392.64. Following the completion of the sale, the chief marketing officer now owns 1,651 shares in the company, valued at approximately $197,327.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,712 shares of company stock worth $4,316,345. Insiders own 0.26% of the company’s stock.

FFIV has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of F5 Networks from $130.00 to $120.00 and set an “equal weight” rating on the stock in a report on Monday, October 9th. Drexel Hamilton restated a “buy” rating and set a $160.00 price objective on shares of F5 Networks in a report on Monday, October 23rd. Nomura cut their price objective on shares of F5 Networks from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, October 16th. Standpoint Research initiated coverage on shares of F5 Networks in a report on Monday, October 2nd. They set an “accumulate” rating and a $160.00 price objective on the stock. Finally, Oppenheimer restated a “hold” rating on shares of F5 Networks in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $132.16.

Shares of F5 Networks, Inc. (FFIV) opened at $138.76 on Friday. F5 Networks, Inc. has a 52-week low of $114.63 and a 52-week high of $149.50. The company has a market capitalization of $8,637.91, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 2.19 and a beta of 1.06.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, October 25th. The network technology company reported $2.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.24. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. The business had revenue of $538.00 million for the quarter, compared to analyst estimates of $534.71 million. During the same quarter in the prior year, the firm posted $2.11 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. analysts forecast that F5 Networks, Inc. will post 6.74 earnings per share for the current year.

F5 Networks declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the network technology company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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F5 Networks Profile

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.

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

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