BNP Paribas Arbitrage SA Acquires 12,201 Shares of F5 Networks Inc. (FFIV)
BNP Paribas Arbitrage SA raised its stake in shares of F5 Networks Inc. (NASDAQ:FFIV) by 61.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 32,152 shares of the network technology company’s stock after buying an additional 12,201 shares during the period. BNP Paribas Arbitrage SA’s holdings in F5 Networks were worth $4,007,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Bank of Montreal Can acquired a new stake in shares of F5 Networks during the second quarter valued at about $118,505,000. Fiera Capital Corp acquired a new stake in shares of F5 Networks during the second quarter valued at about $55,841,000. Glenmede Trust Co. NA boosted its stake in shares of F5 Networks by 98.9% in the second quarter. Glenmede Trust Co. NA now owns 556,993 shares of the network technology company’s stock valued at $63,406,000 after buying an additional 276,889 shares in the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of F5 Networks during the second quarter valued at about $30,300,000. Finally, Swedbank boosted its stake in shares of F5 Networks by 6.5% in the second quarter. Swedbank now owns 2,676,975 shares of the network technology company’s stock valued at $304,747,000 after buying an additional 163,523 shares in the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.
Shares of F5 Networks Inc. (NASDAQ:FFIV) traded down 1.05% during mid-day trading on Monday, hitting $142.61. 385,235 shares of the stock traded hands. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 26.51 and a beta of 1.38. F5 Networks Inc. has a 12-month low of $86.03 and a 12-month high of $144.28. The firm’s 50 day moving average price is $131.40 and its 200 day moving average price is $121.59.
F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, October 26th. The network technology company reported $2.11 earnings per share (EPS) for the quarter, beating 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 business earned $525.30 million during the quarter, compared to analysts’ expectations of $520.45 million. During the same quarter in the prior year, the business posted $1.84 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts predict that F5 Networks Inc. will post $8.26 EPS for the current fiscal year.
Several analysts have recently issued reports on FFIV shares. Wunderlich upped their target price on shares of F5 Networks from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, October 27th. Piper Jaffray Cos. raised shares of F5 Networks from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $125.00 to $141.00 in a research report on Thursday, October 27th. DA Davidson increased their price objective on shares of F5 Networks from $125.34 to $145.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Zacks Investment Research raised shares of F5 Networks from a “hold” rating to a “buy” rating and set a $161.00 price objective on the stock in a research report on Thursday. Finally, Drexel Hamilton reissued a “buy” rating and issued a $160.00 price objective on shares of F5 Networks in a research report on Friday, November 18th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $121.32.
In other news, EVP John D. Dilullo sold 5,777 shares of the company’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $135.31, for a total value of $781,685.87. Following the completion of the transaction, the executive vice president now owns 10,594 shares in the company, valued at approximately $1,433,474.14. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alan Higginson sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $137.49, for a total transaction of $412,470.00. Following the completion of the transaction, the director now owns 13,310 shares of the company’s stock, valued at approximately $1,829,991.90. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.
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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