Public Employees Retirement System of Ohio increased its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,295 shares of the network technology company’s stock after buying an additional 232 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of F5 Networks worth $5,097,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Guinness Asset Management Ltd increased its stake in F5 Networks by 66.7% during the second quarter. Guinness Asset Management Ltd now owns 170 shares of the network technology company’s stock worth $25,000 after acquiring an additional 68 shares during the last quarter. Psagot Investment House Ltd. acquired a new position in shares of F5 Networks in the 3rd quarter valued at $25,000. North Star Investment Management Corp. purchased a new position in shares of F5 Networks during the 3rd quarter worth $29,000. Steward Partners Investment Advisory LLC purchased a new position in shares of F5 Networks during the 2nd quarter worth $37,000. Finally, CSat Investment Advisory L.P. grew its holdings in shares of F5 Networks by 88.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 365 shares of the network technology company’s stock worth $53,000 after purchasing an additional 171 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of F5 Networks in a research report on Monday, October 21st. BidaskClub lowered shares of F5 Networks from a “hold” rating to a “sell” rating in a research note on Saturday, November 16th. Piper Jaffray Companies upgraded shares of F5 Networks from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $161.00 to $166.00 in a research report on Monday, September 9th. Craig Hallum assumed coverage on shares of F5 Networks in a research note on Tuesday, September 10th. They issued a “buy” rating and a $168.00 price target on the stock. Finally, Morgan Stanley upgraded shares of F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 price objective on the stock in a report on Thursday, August 8th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. F5 Networks has a consensus rating of “Hold” and an average target price of $159.78.
FFIV opened at $144.42 on Wednesday. The stock’s 50-day moving average price is $143.72 and its 200 day moving average price is $139.66. F5 Networks, Inc. has a 12-month low of $121.36 and a 12-month high of $176.70. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 2.01 and a beta of 1.04.
F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, October 23rd. The network technology company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.04. The company had revenue of $590.40 million during the quarter, compared to the consensus estimate of $582.51 million. F5 Networks had a return on equity of 31.79% and a net margin of 19.07%. F5 Networks’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.90 EPS. On average, research analysts anticipate that F5 Networks, Inc. will post 7.9 earnings per share for the current year.
F5 Networks 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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