Quantitative Investment Management LLC bought a new stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 41,800 shares of the network technology company’s stock, valued at approximately $5,484,000. Quantitative Investment Management LLC owned 0.07% of F5 Networks as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Zions Bancorporation grew its position 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 valued at $122,000 after acquiring an additional 1,004 shares during the period. Wealthstreet Investment Advisors LLC acquired a new stake in shares of F5 Networks during the 4th quarter valued at about $236,000. Cadence Capital Management LLC acquired a new stake in shares of F5 Networks during the 3rd quarter valued at about $241,000. Sowell Financial Services LLC acquired a new stake in shares of F5 Networks during the 4th quarter valued at about $276,000. Finally, Penserra Capital Management LLC grew its position 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 valued at $312,000 after acquiring an additional 374 shares during the period. Hedge funds and other institutional investors own 94.34% of the company’s stock.
F5 Networks, Inc. (FFIV) opened at $147.84 on Wednesday. F5 Networks, Inc. has a 12 month low of $114.63 and a 12 month high of $153.91. The firm has a market cap of $9,077.53, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 2.21 and a beta of 1.01.
In other F5 Networks news, EVP John D. Dilullo sold 3,801 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $142.69, for a total value of $542,364.69. Following the transaction, the executive vice president now directly owns 7,522 shares of the company’s stock, valued at approximately $1,073,314.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew Reinland sold 12,963 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $148.01, for a total transaction of $1,918,653.63. Following the completion of the transaction, the chief financial officer now directly owns 515 shares in the company, valued at $76,225.15. The disclosure for this sale can be found here. Insiders sold a total of 50,172 shares of company stock worth $7,274,542 over the last three months. Corporate insiders own 0.30% of the company’s stock.
A number of equities research analysts have recently commented on FFIV shares. Zacks Investment Research upgraded F5 Networks from a “sell” rating to a “hold” rating in a research report on Monday, December 11th. BMO Capital Markets upgraded F5 Networks from a “market perform” rating to an “outperform” rating and set a $122.00 target price on the stock in a research report on Thursday, January 4th. Bank of America upgraded F5 Networks from a “neutral” rating to a “buy” rating and set a $157.00 target price on the stock in a research report on Friday, January 5th. Deutsche Bank restated a “sell” rating on shares of F5 Networks in a research report on Friday, January 5th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $146.00 price target on shares of F5 Networks in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $140.55.
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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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