Barings LLC Has $3.62 Million Position in F5 Networks, Inc. (FFIV)

Barings LLC increased its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 15.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,160 shares of the network technology company’s stock after buying an additional 2,400 shares during the quarter. Barings LLC’s holdings in F5 Networks were worth $3,621,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in shares of F5 Networks in the 2nd quarter valued at $119,000. Truvestments Capital LLC acquired a new stake in shares of F5 Networks in the 3rd quarter valued at $123,000. Qube Research & Technologies Ltd acquired a new stake in shares of F5 Networks in the 2nd quarter valued at $131,000. Atlantic Trust Group LLC boosted its holdings in shares of F5 Networks by 53.2% in the 1st quarter. Atlantic Trust Group LLC now owns 1,302 shares of the network technology company’s stock valued at $188,000 after purchasing an additional 452 shares in the last quarter. Finally, Advisor Partners LLC acquired a new stake in shares of F5 Networks in the 2nd quarter valued at $202,000. 96.60% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on FFIV shares. BidaskClub downgraded F5 Networks from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 2nd. BMO Capital Markets raised their target price on F5 Networks from $188.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, October 25th. Zacks Investment Research raised F5 Networks from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a report on Wednesday, July 18th. Piper Jaffray Companies downgraded F5 Networks from a “neutral” rating to an “underweight” rating and raised their target price for the company from $168.00 to $180.00 in a report on Monday, October 1st. Finally, MKM Partners raised their target price on F5 Networks to $190.00 and gave the company a “neutral” rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $174.94.

Shares of FFIV opened at $168.59 on Tuesday. F5 Networks, Inc. has a 52 week low of $119.35 and a 52 week high of $199.71. The firm has a market capitalization of $10.36 billion, a PE ratio of 21.07, a PEG ratio of 2.08 and a beta of 0.76.

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. F5 Networks had a return on equity of 40.04% and a net margin of 20.99%. The company had revenue of $562.71 million during the quarter, compared to analysts’ expectations of $560.72 million. On average, sell-side analysts predict that F5 Networks, Inc. will post 8.27 earnings per share for the current fiscal year.

In related news, 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 transaction of $1,039,427.37. Following the completion of the transaction, the director now directly owns 5,679 shares of the company’s stock, valued at approximately $1,039,427.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scot Frazier Rogers sold 2,512 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $171.02, for a total value of $429,602.24. Following the transaction, the executive vice president now directly owns 11,096 shares of the company’s stock, valued at $1,897,637.92. The disclosure for this sale can be found here. Insiders sold a total of 14,787 shares of company stock valued at $2,592,646 over the last quarter. 0.30% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

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