Taylor Hoffman Wealth Management lifted its position in F5 Networks, Inc. (NASDAQ:FFIV) by 26.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,550 shares of the network technology company’s stock after purchasing an additional 1,562 shares during the period. Taylor Hoffman Wealth Management’s holdings in F5 Networks were worth $1,060,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in F5 Networks by 1.0% in the second quarter. Vanguard Group Inc. now owns 6,648,632 shares of the network technology company’s stock valued at $968,241,000 after acquiring an additional 68,945 shares in the last quarter. AQR Capital Management LLC boosted its holdings in F5 Networks by 17.1% in the second quarter. AQR Capital Management LLC now owns 2,234,162 shares of the network technology company’s stock valued at $321,474,000 after acquiring an additional 326,237 shares in the last quarter. Swedbank boosted its holdings in F5 Networks by 4.9% in the second quarter. Swedbank now owns 935,933 shares of the network technology company’s stock valued at $136,300,000 after acquiring an additional 43,739 shares in the last quarter. Northern Trust Corp boosted its holdings in F5 Networks by 1.8% in the second quarter. Northern Trust Corp now owns 791,198 shares of the network technology company’s stock valued at $115,223,000 after acquiring an additional 13,820 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in F5 Networks by 2,068.6% in the second quarter. Nuveen Asset Management LLC now owns 688,955 shares of the network technology company’s stock valued at $100,332,000 after acquiring an additional 657,185 shares in the last quarter. Hedge funds and other institutional investors own 93.95% of the company’s stock.
Several equities analysts have commented on the company. Evercore ISI assumed coverage on F5 Networks in a research report on Wednesday, September 11th. They set an “inline” rating and a $140.00 price objective for the company. Craig Hallum assumed coverage on F5 Networks in a research report on Tuesday, September 10th. They set a “buy” rating and a $168.00 price objective for the company. Morgan Stanley raised F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 price objective for the company in a research report on Thursday, August 8th. Credit Suisse Group raised their price objective on F5 Networks from $188.00 to $191.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Needham & Company LLC reissued a “hold” rating on shares of F5 Networks in a research report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. F5 Networks has an average rating of “Hold” and a consensus target price of $158.42.
NASDAQ:FFIV traded up $0.79 during mid-day trading on Friday, reaching $148.41. The company’s stock had a trading volume of 361,200 shares, compared to its average volume of 671,543. F5 Networks, Inc. has a 12-month low of $121.36 and a 12-month high of $188.87. The stock has a market cap of $8.80 billion, a P/E ratio of 18.01, a PEG ratio of 2.02 and a beta of 1.06. The firm’s fifty day moving average price is $139.28 and its two-hundred day moving average price is $140.75.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, October 23rd. The network technology company reported $2.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.55 by $0.04. The business had revenue of $590.40 million during the quarter, compared to the consensus estimate of $582.51 million. F5 Networks had a return on equity of 31.79% and a net margin of 19.07%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.90 EPS. On average, sell-side analysts anticipate that F5 Networks, Inc. will post 7.9 EPS for the current year.
In related news, EVP Thomas Dean Fountain sold 260 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $130.50, for a total transaction of $33,930.00. Following the sale, the executive vice president now owns 2,037 shares in the company, valued at approximately $265,828.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 2,578 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $141.01, for a total value of $363,523.78. Following the sale, the chief executive officer now owns 31,524 shares in the company, valued at approximately $4,445,199.24. The disclosure for this sale can be found here. Insiders have sold a total of 24,997 shares of company stock worth $3,592,614 in the last 90 days. 0.22% of the stock is currently 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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