Cadence Capital Management LLC Has $1.80 Million Position in F5 Networks, Inc. (FFIV)

Cadence Capital Management LLC reduced its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 9.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,036 shares of the network technology company’s stock after selling 982 shares during the quarter. Cadence Capital Management LLC’s holdings in F5 Networks were worth $1,802,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. IFM Investors Pty Ltd bought a new stake in F5 Networks in the 2nd quarter worth $421,000. State of Alaska Department of Revenue boosted its stake in shares of F5 Networks by 27.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 17,512 shares of the network technology company’s stock valued at $3,018,000 after purchasing an additional 3,740 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of F5 Networks by 3.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 18,436 shares of the network technology company’s stock valued at $3,179,000 after purchasing an additional 663 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in shares of F5 Networks by 1,586.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 107,743 shares of the network technology company’s stock valued at $18,580,000 after purchasing an additional 101,353 shares in the last quarter. Finally, Atria Investments LLC boosted its stake in shares of F5 Networks by 10.3% during the 2nd quarter. Atria Investments LLC now owns 6,939 shares of the network technology company’s stock valued at $1,197,000 after purchasing an additional 649 shares in the last quarter. Institutional investors and hedge funds own 98.20% of the company’s stock.

In related news, Director Michael L. Dreyer sold 5,679 shares of F5 Networks stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $183.03, for a total transaction of $1,039,427.37. Following the completion of the transaction, the director now directly owns 5,679 shares of the company’s stock, valued at approximately $1,039,427.37. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 8,530 shares of F5 Networks stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $178.04, for a total transaction of $1,518,681.20. Following the transaction, the chief executive officer now directly owns 21,961 shares of the company’s stock, valued at $3,909,936.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,694 shares of company stock valued at $7,986,951. 0.26% of the stock is currently owned by corporate insiders.

A number of brokerages have recently weighed in on FFIV. Cowen lifted their target price on shares of F5 Networks from $186.00 to $196.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. MKM Partners lifted their target price on shares of F5 Networks to $190.00 and gave the company a “neutral” rating in a research note on Friday, October 26th. Credit Suisse Group lifted their target price on shares of F5 Networks from $216.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, October 25th. BMO Capital Markets lifted their target price on shares of F5 Networks from $188.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, October 25th. Finally, BidaskClub lowered shares of F5 Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. F5 Networks has an average rating of “Hold” and a consensus target price of $174.94.

Shares of NASDAQ FFIV opened at $183.24 on Friday. F5 Networks, Inc. has a 1 year low of $119.40 and a 1 year high of $199.71. The stock has a market cap of $11.46 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 2.24 and a beta of 0.95.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, October 24th. The network technology company reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.27. F5 Networks had a net margin of 20.99% and a return on equity of 40.04%. The company had revenue of $562.71 million during the quarter, compared to analysts’ expectations of $560.72 million. As a group, equities analysts anticipate that F5 Networks, Inc. will post 8.48 earnings per share for the current year.

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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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