Sigma Investment Counselors Inc. increased its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,355 shares of the network technology company’s stock after buying an additional 87 shares during the period. Sigma Investment Counselors Inc.’s holdings in F5 Networks were worth $2,205,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in shares of F5 Networks by 65.6% in the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after buying an additional 380 shares during the period. American Beacon Advisors Inc. bought a new stake in shares of F5 Networks during the first quarter valued at about $153,000. Van ECK Associates Corp raised its stake in shares of F5 Networks by 6.0% in the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock valued at $164,000 after buying an additional 65 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of F5 Networks by 5.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,376 shares of the network technology company’s stock valued at $196,000 after buying an additional 67 shares during the period. Finally, First Bank & Trust raised its stake in shares of F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock valued at $232,000 after buying an additional 5 shares during the period. 96.92% of the stock is currently owned by institutional investors.
Shares of F5 Networks, Inc. (FFIV) opened at 118.63 on Thursday. The stock has a market cap of $7.54 billion, a P/E ratio of 19.70 and a beta of 1.16. The stock has a 50 day moving average of $125.54 and a 200 day moving average of $133.79. F5 Networks, Inc. has a one year low of $114.45 and a one year high of $149.50.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.03. The firm had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. F5 Networks’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 EPS. On average, analysts forecast that F5 Networks, Inc. will post $8.17 EPS for the current year.
FFIV has been the topic of several research reports. Drexel Hamilton reaffirmed a “buy” rating and set a $160.00 price target on shares of F5 Networks in a report on Friday, July 21st. Morgan Stanley decreased their price target on shares of F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, April 28th. Credit Suisse Group set a $138.00 price target on shares of F5 Networks and gave the company a “hold” rating in a report on Thursday, April 20th. Robert W. Baird reaffirmed a “hold” rating on shares of F5 Networks in a report on Thursday, April 27th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $130.00 target price on shares of F5 Networks in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $132.00.
In other F5 Networks news, Director Alan Higginson sold 2,540 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $120.52, for a total value of $306,120.80. Following the completion of the transaction, the director now owns 13,310 shares of the company’s stock, valued at approximately $1,604,121.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Francois Locoh-Donou sold 2,029 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $119.61, for a total value of $242,688.69. Following the completion of the transaction, the chief executive officer now directly owns 2,636 shares of the company’s stock, valued at approximately $315,291.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,050 shares of company stock valued at $2,293,138. 0.26% of the stock is owned by insiders.
F5 Networks Company Profile
F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.
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