Alpine Global Management LLC Makes New Investment in F5 Networks, Inc. (NASDAQ:FFIV)

Alpine Global Management LLC purchased a new position in shares of F5 Networks, Inc. (NASDAQ:FFIV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,730 shares of the network technology company’s stock, valued at approximately $800,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FFIV. Clarius Group LLC increased its holdings in shares of F5 Networks by 6.2% during the 3rd quarter. Clarius Group LLC now owns 1,704 shares of the network technology company’s stock valued at $239,000 after purchasing an additional 100 shares in the last quarter. Zebra Capital Management LLC increased its holdings in shares of F5 Networks by 7.4% during the 2nd quarter. Zebra Capital Management LLC now owns 1,665 shares of the network technology company’s stock valued at $242,000 after purchasing an additional 115 shares in the last quarter. Sigma Investment Counselors Inc. increased its holdings in shares of F5 Networks by 0.8% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 15,601 shares of the network technology company’s stock valued at $2,191,000 after purchasing an additional 117 shares in the last quarter. Quantum Capital Management increased its holdings in shares of F5 Networks by 2.4% during the 3rd quarter. Quantum Capital Management now owns 5,243 shares of the network technology company’s stock valued at $736,000 after purchasing an additional 123 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of F5 Networks by 3.9% during the 2nd quarter. MML Investors Services LLC now owns 3,381 shares of the network technology company’s stock valued at $492,000 after purchasing an additional 128 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

In other F5 Networks news, EVP Ana Maria White sold 1,615 shares of F5 Networks stock in a transaction on Monday, November 4th. The shares were sold at an average price of $145.71, for a total transaction of $235,321.65. Following the sale, the executive vice president now owns 8,399 shares of the company’s stock, valued at approximately $1,223,818.29. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Chad Michael Whalen sold 236 shares of F5 Networks stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $143.56, for a total transaction of $33,880.16. Following the sale, the executive vice president now directly owns 2,462 shares in the company, valued at approximately $353,444.72. The disclosure for this sale can be found here. In the last three months, insiders sold 20,551 shares of company stock valued at $2,994,702. 0.22% of the stock is owned by insiders.

Shares of NASDAQ FFIV opened at $138.68 on Friday. The firm has a market cap of $8.27 billion, a PE ratio of 16.83, a PEG ratio of 2.36 and a beta of 1.03. The firm has a fifty day moving average of $139.53 and a 200 day moving average of $139.49. F5 Networks, Inc. has a one year low of $121.36 and a one year high of $173.44.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, October 23rd. The network technology company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.55 by $0.04. The company had revenue of $590.40 million during the quarter, compared to analyst estimates of $582.51 million. F5 Networks had a net margin of 19.07% and a return on equity of 31.79%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.90 EPS. As a group, research analysts predict that F5 Networks, Inc. will post 7.9 EPS for the current fiscal year.

FFIV has been the subject of several recent research reports. Cowen cut their target price on shares of F5 Networks from $185.00 to $169.00 and set an “outperform” rating for the company in a report on Friday, December 20th. BidaskClub lowered shares of F5 Networks from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Barclays lifted their target price on shares of F5 Networks from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Goldman Sachs Group reaffirmed a “sell” rating and set a $117.00 target price on shares of F5 Networks in a report on Friday, December 20th. Finally, Credit Suisse Group cut their price target on shares of F5 Networks from $192.00 to $163.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. F5 Networks presently has a consensus rating of “Hold” and an average price target of $157.18.

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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