Mackay Shields LLC raised its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 33.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,659 shares of the network technology company’s stock after purchasing an additional 15,520 shares during the period. Mackay Shields LLC owned 0.10% of F5 Networks worth $9,991,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of FFIV. Accident Compensation Corp bought a new position in shares of F5 Networks in the fourth quarter valued at approximately $664,000. JLB & Associates Inc. boosted its position in shares of F5 Networks by 38.9% in the fourth quarter. JLB & Associates Inc. now owns 1,638 shares of the network technology company’s stock valued at $265,000 after acquiring an additional 459 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of F5 Networks by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 309,330 shares of the network technology company’s stock valued at $61,680,000 after acquiring an additional 3,892 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of F5 Networks by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,276 shares of the network technology company’s stock valued at $3,406,000 after acquiring an additional 4,469 shares during the period. Finally, Shell Asset Management Co. boosted its position in shares of F5 Networks by 30.9% in the third quarter. Shell Asset Management Co. now owns 52,754 shares of the network technology company’s stock valued at $10,520,000 after acquiring an additional 12,465 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.
A number of equities analysts have recently commented on FFIV shares. Zacks Investment Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, January 29th. Credit Suisse Group restated a “buy” rating and issued a $218.00 price objective on shares of F5 Networks in a research report on Wednesday, January 16th. BidaskClub upgraded shares of F5 Networks from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. ValuEngine lowered shares of F5 Networks from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Finally, William Blair lowered shares of F5 Networks from an “outperform” rating to a “market perform” rating and set a $161.86 price objective for the company. in a research report on Thursday, January 17th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $169.05.
Shares of F5 Networks stock opened at $153.69 on Friday. F5 Networks, Inc. has a 1 year low of $138.67 and a 1 year high of $199.71. The company has a market cap of $9.14 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.92 and a beta of 0.94.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, January 23rd. The network technology company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.17. F5 Networks had a net margin of 22.74% and a return on equity of 40.12%. The business had revenue of $543.80 million during the quarter, compared to analyst estimates of $547.39 million. During the same period in the previous year, the business posted $2.26 earnings per share. F5 Networks’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that F5 Networks, Inc. will post 8.62 EPS for the current year.
In other news, SVP Ryan C. Kearny sold 1,136 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $160.83, for a total value of $182,702.88. Following the completion of the sale, the senior vice president now directly owns 7,333 shares in the company, valued at approximately $1,179,366.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scot Frazier Rogers sold 2,799 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $160.80, for a total transaction of $450,079.20. Following the completion of the sale, the executive vice president now owns 12,083 shares of the company’s stock, valued at $1,942,946.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,469 shares of company stock valued at $2,339,402. 0.22% of the stock is currently owned by company insiders.
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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.
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