Machina Capital S.A.S. Takes Position in F5 Networks, Inc. (FFIV)

Machina Capital S.A.S. purchased a new stake in F5 Networks, Inc. (NASDAQ:FFIV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,818 shares of the network technology company’s stock, valued at approximately $619,000.

Other institutional investors also recently made changes to their positions in the company. Intercontinental Wealth Advisors LLC purchased a new position in F5 Networks in the fourth quarter valued at approximately $25,000. Lindbrook Capital LLC purchased a new position in F5 Networks in the fourth quarter valued at approximately $26,000. Rational Advisors LLC increased its stake in F5 Networks by 2,009.1% in the fourth quarter. Rational Advisors LLC now owns 232 shares of the network technology company’s stock valued at $38,000 after purchasing an additional 221 shares during the last quarter. Arrow Financial Corp purchased a new position in F5 Networks in the fourth quarter valued at approximately $45,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in F5 Networks in the fourth quarter valued at approximately $48,000. Institutional investors own 97.15% of the company’s stock.

Shares of FFIV opened at $161.47 on Tuesday. The company has a market cap of $9.33 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. F5 Networks, Inc. has a 12-month low of $138.67 and a 12-month high of $199.71.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, January 23rd. The network technology company reported $2.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $0.17. F5 Networks had a return on equity of 40.12% and a net margin of 22.74%. The firm had revenue of $543.80 million during the quarter, compared to the consensus estimate of $547.39 million. During the same period last year, the company earned $2.26 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts predict that F5 Networks, Inc. will post 8.64 EPS for the current year.

In related news, EVP Chad Michael Whalen sold 379 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $159.50, for a total transaction of $60,450.50. Following the completion of the sale, the executive vice president now directly owns 6,318 shares of the company’s stock, valued at $1,007,721. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Francis J. Pelzer sold 261 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $159.50, for a total value of $41,629.50. Following the sale, the chief financial officer now directly owns 581 shares of the company’s stock, valued at $92,669.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,469 shares of company stock valued at $2,339,402. Corporate insiders own 0.22% of the company’s stock.

Several equities analysts have commented on the stock. Piper Jaffray Companies reiterated an “underweight” rating and issued a $157.00 price target on shares of F5 Networks in a research note on Thursday, January 24th. Nomura lowered their target price on shares of F5 Networks to $155.00 and set a “neutral” rating on the stock in a research report on Thursday, January 24th. Credit Suisse Group restated a “buy” rating and set a $218.00 target price 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. Finally, DA Davidson lowered their target price on shares of F5 Networks to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $170.87.

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About F5 Networks

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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