California State Teachers Retirement System increased its position in F5 Networks, Inc. (NASDAQ:FFIV) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 113,207 shares of the network technology company’s stock after purchasing an additional 6,658 shares during the period. California State Teachers Retirement System owned 0.18% of F5 Networks worth $14,855,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System lifted its holdings in shares of F5 Networks by 3.4% in the 3rd quarter. California Public Employees Retirement System now owns 168,309 shares of the network technology company’s stock valued at $20,291,000 after purchasing an additional 5,509 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of F5 Networks by 21.1% in the 3rd quarter. Macquarie Group Ltd. now owns 6,900 shares of the network technology company’s stock valued at $831,000 after purchasing an additional 1,200 shares during the last quarter. Reinhart Partners Inc. raised its stake in F5 Networks by 31.0% during the 4th quarter. Reinhart Partners Inc. now owns 189,758 shares of the network technology company’s stock valued at $24,900,000 after acquiring an additional 44,853 shares during the last quarter. BlackRock Inc. raised its stake in 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 acquiring an additional 317,414 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in F5 Networks by 89.1% during the 3rd 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 during the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on FFIV shares. Morgan Stanley upped their price objective on F5 Networks from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. ValuEngine downgraded F5 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th. Robert W. Baird reaffirmed a “hold” rating and set a $145.00 price objective on shares of F5 Networks in a research note on Thursday, January 25th. Zacks Investment Research raised F5 Networks from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a research note on Tuesday, March 13th. Finally, Goldman Sachs started coverage on F5 Networks in a research note on Wednesday, February 7th. They set a “neutral” rating and a $145.00 price objective for the company. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $140.55.
F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.21. The company had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $521.07 million. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 EPS. research analysts expect that F5 Networks, Inc. will post 7.32 earnings per share for the current year.
In related news, Director John Mcadam sold 25,000 shares of the company’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 value of $3,599,750.00. Following the sale, the director now owns 56,312 shares in the company, valued at approximately $8,108,364.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Scot Frazier Rogers sold 2,738 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $144.83, for a total value of $396,544.54. Following the completion of the sale, the executive vice president now owns 9,072 shares in the company, valued at approximately $1,313,897.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,172 shares of company stock worth $7,274,542. Insiders own 0.30% of the company’s stock.
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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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