GAM Holding AG Has $3 Million Stake in F5 Networks, Inc. (FFIV)

GAM Holding AG cut its holdings in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 26.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,055 shares of the network technology company’s stock after selling 5,327 shares during the period. GAM Holding AG’s holdings in F5 Networks were worth $3,002,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Stone Ridge Asset Management LLC grew its position in shares of F5 Networks by 3.0% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 10,255 shares of the network technology company’s stock valued at $2,045,000 after acquiring an additional 300 shares during the period. Moody Aldrich Partners LLC purchased a new position in F5 Networks in the 2nd quarter valued at about $54,839,000. Cascade Investment Advisors Inc. lifted its stake in F5 Networks by 5.5% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 6,270 shares of the network technology company’s stock valued at $1,250,000 after buying an additional 325 shares in the last quarter. Providence Capital Advisors LLC lifted its stake in F5 Networks by 3.6% in the 3rd quarter. Providence Capital Advisors LLC now owns 9,882 shares of the network technology company’s stock valued at $1,971,000 after buying an additional 341 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in F5 Networks by 28.8% in the 2nd quarter. OppenheimerFunds Inc. now owns 1,804 shares of the network technology company’s stock valued at $311,000 after buying an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 98.54% of the company’s stock.

FFIV opened at $174.86 on Tuesday. F5 Networks, Inc. has a 1-year low of $129.70 and a 1-year high of $199.71. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96.

F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, October 24th. The network technology company reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.63 by $0.27. F5 Networks had a net margin of 20.99% and a return on equity of 40.04%. The business had revenue of $562.71 million for the quarter, compared to analyst estimates of $560.72 million. As a group, sell-side analysts predict that F5 Networks, Inc. will post 8.48 earnings per share for the current fiscal year.

In other F5 Networks news, Director Deborah L. Bevier sold 2,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $181.25, for a total value of $460,375.00. Following the transaction, the director now directly owns 7,152 shares of the company’s stock, valued at approximately $1,296,300. 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. Insiders sold a total of 48,012 shares of company stock worth $8,473,168 over the last three months. Corporate insiders own 0.30% of the company’s stock.

FFIV has been the topic of a number of research reports. Credit Suisse Group raised their price target on shares of F5 Networks from $188.00 to $216.00 and gave the company an “outperform” rating in a research note on Wednesday, September 5th. Zacks Investment Research reaffirmed a “buy” rating and issued a $189.00 price target on shares of F5 Networks in a research note on Tuesday, November 13th. Piper Jaffray Companies lowered shares of F5 Networks from a “neutral” rating to an “underweight” rating and raised their price target for the company from $168.00 to $180.00 in a research note on Monday, October 1st. MKM Partners raised their price target on shares of F5 Networks to $190.00 and gave the company a “neutral” rating in a research note on Friday, October 26th. Finally, BidaskClub lowered shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $174.41.

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

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