F5 Networks, Inc. (FFIV) Shares Bought by MML Investors Services LLC

MML Investors Services LLC increased its position in F5 Networks, Inc. (NASDAQ:FFIV) by 132.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,928 shares of the network technology company’s stock after purchasing an additional 1,666 shares during the quarter. MML Investors Services LLC’s holdings in F5 Networks were worth $584,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FFIV. BlackRock Inc. lifted its holdings in shares of F5 Networks by 10.5% during the 2nd quarter. BlackRock Inc. now owns 5,070,865 shares of the network technology company’s stock valued at $874,472,000 after purchasing an additional 481,489 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of F5 Networks by 138.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 639,008 shares of the network technology company’s stock valued at $127,430,000 after buying an additional 370,827 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of F5 Networks by 632.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 400,039 shares of the network technology company’s stock valued at $79,776,000 after buying an additional 345,391 shares during the last quarter. Swedbank raised its stake in shares of F5 Networks by 110.7% during the 3rd quarter. Swedbank now owns 653,173 shares of the network technology company’s stock valued at $130,256,000 after buying an additional 343,240 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd raised its stake in shares of F5 Networks by 42.5% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,098,760 shares of the network technology company’s stock valued at $219,114,000 after buying an additional 327,447 shares during the last quarter. 98.54% of the stock is currently owned by institutional investors.

FFIV stock opened at $171.97 on Monday. F5 Networks, Inc. has a 12-month low of $126.02 and a 12-month high of $199.71. The stock has a market capitalization of $10.43 billion, a P/E ratio of 21.50, a PEG ratio of 2.05 and a beta of 0.96.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, October 24th. The network technology company reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $0.27. F5 Networks had a return on equity of 40.04% and a net margin of 20.99%. The company had revenue of $562.71 million for the quarter, compared to analysts’ expectations of $560.72 million. Equities research analysts anticipate that F5 Networks, Inc. will post 8.48 earnings per share for the current year.

In other F5 Networks news, EVP Scot Frazier Rogers sold 13,557 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $177.91, for a total value of $2,411,925.87. Following the transaction, the executive vice president now directly owns 22,141 shares of the company’s stock, valued at approximately $3,939,105.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ryan C. Kearny sold 8,226 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $177.90, for a total transaction of $1,463,405.40. Following the completion of the transaction, the senior vice president now directly owns 14,139 shares in the company, valued at $2,515,328.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,012 shares of company stock worth $8,473,168. 0.30% of the stock is currently owned by insiders.

FFIV has been the subject of a number of recent research reports. Zacks Investment Research reiterated a “buy” rating and set a $189.00 price objective on shares of F5 Networks in a research note on Tuesday, November 13th. Standpoint Research upgraded F5 Networks from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. BidaskClub cut F5 Networks from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 4th. MKM Partners raised their target price on F5 Networks to $190.00 and gave the company a “neutral” rating in a research report on Friday, October 26th. Finally, Cowen raised their target price on F5 Networks from $186.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, October 26th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $174.41.

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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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