BlueCrest Capital Management Ltd purchased a new stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,336 shares of the network technology company’s stock, valued at approximately $1,356,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Scotia Capital Inc. acquired a new position in shares of F5 Networks during the fourth quarter valued at $754,000. Amundi Pioneer Asset Management Inc. acquired a new position in F5 Networks in the fourth quarter valued at about $4,265,000. WINTON GROUP Ltd lifted its stake in F5 Networks by 1,991.4% in the fourth quarter. WINTON GROUP Ltd now owns 101,035 shares of the network technology company’s stock valued at $13,258,000 after buying an additional 96,204 shares during the period. Geode Capital Management LLC lifted its stake in F5 Networks by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 887,605 shares of the network technology company’s stock valued at $116,289,000 after buying an additional 18,390 shares during the period. Finally, Investec Asset Management LTD lifted its stake in F5 Networks by 6.4% in the fourth quarter. Investec Asset Management LTD now owns 64,674 shares of the network technology company’s stock valued at $8,487,000 after buying an additional 3,889 shares during the period. 94.34% of the stock is currently owned by institutional investors and hedge funds.
F5 Networks, Inc. (NASDAQ FFIV) opened at $146.78 on Tuesday. The stock has a market capitalization of $9,080.00, a PE ratio of 21.62, a P/E/G ratio of 2.25 and a beta of 1.01. F5 Networks, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $153.91.
FFIV has been the topic of several analyst reports. Oppenheimer reissued a “hold” rating on shares of F5 Networks in a research note on Thursday, January 25th. MKM Partners increased their target price on F5 Networks from $133.00 to $156.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. BidaskClub raised F5 Networks from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. BMO Capital Markets increased their target price on F5 Networks from $156.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Goldman Sachs Group initiated coverage on F5 Networks in a research note on Wednesday, February 7th. They issued a “neutral” rating and a $145.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $140.30.
In related news, Director John Mcadam sold 25,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $143.99, for a total transaction of $3,599,750.00. Following the completion of the transaction, the director now directly owns 56,312 shares in the company, valued at $8,108,364.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scot Frazier Rogers sold 2,738 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $144.83, for a total value of $396,544.54. Following the transaction, the executive vice president now owns 9,072 shares of the company’s stock, valued at $1,313,897.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,172 shares of company stock valued at $7,274,542. 0.30% of the stock is owned by corporate insiders.
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F5 Networks Company 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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