AMP Capital Investors Ltd decreased its position in F5 Networks, Inc. (NASDAQ:FFIV) by 27.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,894 shares of the network technology company’s stock after selling 18,844 shares during the quarter. AMP Capital Investors Ltd owned 0.08% of F5 Networks worth $8,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC bought a new stake in F5 Networks in the first quarter valued at approximately $100,000. Piedmont Investment Advisors LLC bought a new stake in F5 Networks in the second quarter valued at approximately $119,000. Advisor Partners LLC bought a new stake in F5 Networks in the second quarter valued at approximately $202,000. Bailard Inc. bought a new stake in F5 Networks in the second quarter valued at approximately $207,000. Finally, Private Advisor Group LLC bought a new stake in F5 Networks in the second quarter valued at approximately $211,000. Institutional investors own 94.22% of the company’s stock.
Several analysts have weighed in on the company. BidaskClub upgraded F5 Networks from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. Standpoint Research downgraded F5 Networks from a “buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a research report on Monday, June 18th. Piper Jaffray Companies reiterated a “hold” rating and issued a $168.00 price objective on shares of F5 Networks in a research report on Thursday, July 26th. BMO Capital Markets reiterated a “buy” rating and issued a $188.00 price objective on shares of F5 Networks in a research report on Thursday, July 26th. Finally, Credit Suisse Group set a $188.00 target price on F5 Networks and gave the company a “buy” rating in a research note on Wednesday, July 18th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $166.16.
In related news, Director Jonathan Chadwick sold 2,540 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $170.64, for a total value of $433,425.60. Following the sale, the director now directly owns 7,969 shares of the company’s stock, valued at $1,359,830.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 3,332 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $168.99, for a total value of $563,074.68. Following the completion of the sale, the chief executive officer now directly owns 15,080 shares in the company, valued at $2,548,369.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,327 shares of company stock worth $3,026,072. 0.26% of the stock is owned by insiders.
FFIV opened at $192.27 on Friday. F5 Networks, Inc. has a 52-week low of $114.63 and a 52-week high of $192.92. The company has a market cap of $11.62 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.72 and a beta of 0.77.
F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, July 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.39 by $0.05. The firm had revenue of $542.20 million for the quarter, compared to analysts’ expectations of $540.59 million. F5 Networks had a return on equity of 38.57% and a net margin of 21.37%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.03 earnings per share. sell-side analysts anticipate that F5 Networks, Inc. will post 7.64 EPS for the current fiscal 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.
Recommended Story: Technical Analysis of Stocks and What It Means
Receive News & Ratings for F5 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks and related companies with MarketBeat.com's FREE daily email newsletter.