Roosevelt Investment Group Inc. Buys 58,750 Shares of F5 Networks Inc. (FFIV)
Roosevelt Investment Group Inc. increased its position in F5 Networks Inc. (NASDAQ:FFIV) by 69.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 143,823 shares of the network technology company’s stock after buying an additional 58,750 shares during the period. Roosevelt Investment Group Inc. owned approximately 0.22% of F5 Networks worth $16,373,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. JFS Wealth Advisors LLC bought a new stake in shares of F5 Networks during the second quarter worth approximately $137,000. Invictus RG increased its stake in shares of F5 Networks by 620.0% in the first quarter. Invictus RG now owns 1,440 shares of the network technology company’s stock worth $152,000 after buying an additional 1,240 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of F5 Networks by 7.5% in the second quarter. Pacer Advisors Inc. now owns 1,341 shares of the network technology company’s stock worth $153,000 after buying an additional 93 shares during the last quarter. Paradigm Asset Management Co. LLC increased its stake in shares of F5 Networks by 4.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,450 shares of the network technology company’s stock worth $165,000 after buying an additional 59 shares during the last quarter. Finally, Huntington National Bank increased its stake in shares of F5 Networks by 4.8% in the second quarter. Huntington National Bank now owns 1,455 shares of the network technology company’s stock worth $166,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.
F5 Networks Inc. (NASDAQ:FFIV) traded up 0.93% on Friday, hitting $141.15. 779,579 shares of the company were exchanged. The stock has a 50 day moving average price of $126.22 and a 200 day moving average price of $118.89. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 26.24 and a beta of 1.38. F5 Networks Inc. has a one year low of $86.03 and a one year high of $141.83.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, October 26th. The network technology company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.17. F5 Networks had a net margin of 18.34% and a return on equity of 31.79%. The company had revenue of $525.30 million for the quarter, compared to the consensus estimate of $520.45 million. During the same quarter in the previous year, the firm posted $1.84 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts forecast that F5 Networks Inc. will post $8.30 EPS for the current fiscal year.
FFIV has been the topic of a number of recent analyst reports. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of F5 Networks in a research report on Thursday, July 21st. Jefferies Group raised their target price on F5 Networks from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, October 27th. Royal Bank Of Canada raised their target price on F5 Networks from $110.00 to $115.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 20th. Piper Jaffray Cos. raised F5 Networks from a “neutral” rating to an “overweight” rating and increased their price target for the company from $125.00 to $141.00 in a report on Thursday, October 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $125.00 price target (up previously from $104.00) on shares of F5 Networks in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $120.01.
In other news, COO Edward Julian Eames sold 4,888 shares of F5 Networks stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $137.03, for a total transaction of $669,802.64. Following the sale, the chief operating officer now directly owns 27,839 shares in the company, valued at approximately $3,814,778.17. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scot Frazier Rogers sold 1,660 shares of F5 Networks stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $136.98, for a total transaction of $227,386.80. Following the sale, the executive vice president now owns 7,350 shares in the company, valued at $1,006,803. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
About F5 Networks
F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.
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