F5 Networks, Inc. (FFIV) Shares Bought by Bank of Montreal Can

Bank of Montreal Can increased its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 1.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,391,872 shares of the network technology company’s stock after buying an additional 18,476 shares during the quarter. Bank of Montreal Can owned 2.29% of F5 Networks worth $277,567,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FFIV. Moody Aldrich Partners LLC bought a new stake in shares of F5 Networks during the second quarter valued at about $54,839,000. Cascade Investment Advisors Inc. increased its position in shares of F5 Networks by 5.5% during the third quarter. Cascade Investment Advisors Inc. now owns 6,270 shares of the network technology company’s stock valued at $1,250,000 after buying an additional 325 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of F5 Networks by 4.1% during the first quarter. Nomura Asset Management Co. Ltd. now owns 9,626 shares of the network technology company’s stock valued at $1,392,000 after buying an additional 376 shares during the period. OppenheimerFunds Inc. increased its position in shares of F5 Networks by 28.8% during the second quarter. OppenheimerFunds Inc. now owns 1,804 shares of the network technology company’s stock valued at $311,000 after buying an additional 403 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of F5 Networks by 28.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,868 shares of the network technology company’s stock valued at $322,000 after buying an additional 419 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on the company. Standpoint Research upgraded F5 Networks from a “hold” rating to a “buy” rating in a research report on Friday. MKM Partners upped their price target on F5 Networks to $178.00 and gave the company a “neutral” rating in a research report on Thursday, July 26th. Piper Jaffray Companies reiterated a “hold” rating and set a $168.00 price target on shares of F5 Networks in a research report on Thursday, July 26th. BMO Capital Markets reiterated a “buy” rating and set a $188.00 price target on shares of F5 Networks in a research report on Thursday, July 26th. Finally, BidaskClub upgraded shares of F5 Networks from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $171.06.

Shares of FFIV stock traded up $3.06 during trading on Friday, hitting $167.77. The company had a trading volume of 63,294 shares, compared to its average volume of 706,364. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 2.84 and a beta of 0.76. F5 Networks, Inc. has a 52 week low of $115.04 and a 52 week high of $199.71.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, July 25th. The network technology company reported $2.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.05. The company had revenue of $542.20 million for the quarter, compared to analysts’ expectations of $540.59 million. F5 Networks had a net margin of 21.37% and a return on equity of 38.57%. F5 Networks’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.03 earnings per share. Equities analysts anticipate that F5 Networks, Inc. will post 7.64 earnings per share for the current fiscal year.

In other F5 Networks news, Director Jonathan Chadwick sold 2,540 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now 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 can be accessed through this link. Also, EVP Scot Frazier Rogers sold 2,512 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $171.02, for a total value of $429,602.24. Following the completion of the sale, the executive vice president now directly owns 11,096 shares of the company’s stock, valued at approximately $1,897,637.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,327 shares of company stock valued at $3,026,072. 0.30% of the stock is owned by insiders.

F5 Networks Company 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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Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

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