AMP Capital Investors Ltd lifted its holdings in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 14.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,365 shares of the network technology company’s stock after buying an additional 11,464 shares during the period. AMP Capital Investors Ltd owned about 0.14% of F5 Networks worth $11,725,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Zions Bancorporation raised its holdings in shares of F5 Networks by 16,733.3% during the 3rd quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock worth $122,000 after buying an additional 1,004 shares in the last quarter. Wealthstreet Investment Advisors LLC acquired a new position in shares of F5 Networks during the 4th quarter worth $236,000. Cadence Capital Management LLC acquired a new position in shares of F5 Networks during the 3rd quarter worth $241,000. Sowell Financial Services LLC acquired a new position in shares of F5 Networks during the 4th quarter worth $276,000. Finally, Penserra Capital Management LLC raised its holdings in shares of F5 Networks by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 2,380 shares of the network technology company’s stock worth $312,000 after buying an additional 374 shares in the last quarter. 94.34% of the stock is owned by institutional investors.
In related news, EVP Scot Frazier Rogers sold 2,738 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $144.83, for a total transaction of $396,544.54. Following the sale, the executive vice president now owns 9,072 shares in the company, valued at approximately $1,313,897.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew Reinland sold 1,995 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $144.83, for a total value of $288,935.85. Following the sale, the chief financial officer now owns 18,930 shares in the company, valued at approximately $2,741,631.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,172 shares of company stock worth $7,274,542. 0.30% of the stock is owned by corporate insiders.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, January 24th. The network technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.05 by $0.21. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The company had revenue of $523.20 million for the quarter, compared to analyst estimates of $521.07 million. During the same quarter in the prior year, the company earned $1.98 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts forecast that F5 Networks, Inc. will post 7.23 earnings per share for the current year.
A number of equities analysts have issued reports on the company. Zacks Investment Research raised F5 Networks from a “sell” rating to a “hold” rating in a report on Monday, December 11th. BMO Capital Markets raised F5 Networks from a “market perform” rating to an “outperform” rating and set a $122.00 target price for the company in a report on Thursday, January 4th. Bank of America raised F5 Networks from a “neutral” rating to a “buy” rating and set a $157.00 target price for the company in a report on Friday, January 5th. Deutsche Bank reaffirmed a “sell” rating on shares of F5 Networks in a report on Friday, January 5th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $146.00 target price on shares of F5 Networks in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $140.55.
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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