Robeco Institutional Asset Management B.V. grew its position in F5 Networks, Inc. (NASDAQ:FFIV) by 138.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 639,008 shares of the network technology company’s stock after purchasing an additional 370,827 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 1.05% of F5 Networks worth $127,430,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its position in F5 Networks by 10.5% during the second quarter. BlackRock Inc. now owns 5,070,865 shares of the network technology company’s stock worth $874,472,000 after buying an additional 481,489 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of F5 Networks by 0.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,807,974 shares of the network technology company’s stock valued at $311,785,000 after purchasing an additional 9,200 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of F5 Networks by 1.3% in the 3rd quarter. Bank of Montreal Can now owns 1,391,872 shares of the network technology company’s stock valued at $277,567,000 after purchasing an additional 18,476 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in shares of F5 Networks by 42.5% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,098,760 shares of the network technology company’s stock valued at $219,114,000 after purchasing an additional 327,447 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of F5 Networks by 45.1% in the 3rd quarter. First Trust Advisors LP now owns 886,850 shares of the network technology company’s stock valued at $176,856,000 after purchasing an additional 275,849 shares in the last quarter. 98.20% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on FFIV. MKM Partners raised their target price on F5 Networks to $178.00 and gave the company a “neutral” rating in a report on Thursday, July 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $168.00 target price on shares of F5 Networks in a report on Thursday, July 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $188.00 target price on shares of F5 Networks in a report on Thursday, July 26th. Cowen raised their target price on F5 Networks from $186.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, October 26th. Finally, BidaskClub raised F5 Networks from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. F5 Networks has an average rating of “Hold” and a consensus price target of $174.94.
Shares of FFIV opened at $183.24 on Friday. F5 Networks, Inc. has a 52 week low of $119.40 and a 52 week high of $199.71. The firm has a market capitalization of $11.46 billion, a PE ratio of 22.91, a PEG ratio of 2.24 and a beta of 0.95.
F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, October 24th. The network technology company reported $2.90 EPS for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.27. The company had revenue of $562.71 million during the quarter, compared to analysts’ expectations of $560.72 million. F5 Networks had a return on equity of 40.04% and a net margin of 20.99%. On average, sell-side analysts predict that F5 Networks, Inc. will post 8.48 earnings per share for the current fiscal year.
In related news, CEO Francois Locoh-Donou sold 6,118 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $177.32, for a total transaction of $1,084,843.76. Following the completion of the transaction, the chief executive officer now directly owns 21,961 shares of the company’s stock, valued at approximately $3,894,124.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael L. Dreyer sold 5,679 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $183.03, for a total value of $1,039,427.37. Following the transaction, the director now directly owns 5,679 shares of the company’s stock, valued at $1,039,427.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,694 shares of company stock valued at $7,986,951. 0.26% of the stock is owned by corporate insiders.
About F5 Networks
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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