Nisa Investment Advisors LLC boosted its stake in F5 Networks Inc. (NASDAQ:FFIV) by 19.8% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 56,118 shares of the network technology company’s stock after buying an additional 9,291 shares during the period. Nisa Investment Advisors LLC owned approximately 0.08% of F5 Networks worth $6,995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reliance Trust Co. of Delaware boosted its position in F5 Networks by 0.4% in the second quarter. Reliance Trust Co. of Delaware now owns 2,427 shares of the network technology company’s stock valued at $276,000 after buying an additional 9 shares during the period. Oppenheimer & Co. Inc. boosted its position in F5 Networks by 0.3% in the second quarter. Oppenheimer & Co. Inc. now owns 5,949 shares of the network technology company’s stock valued at $677,000 after buying an additional 18 shares during the period. Montag & Caldwell LLC boosted its position in F5 Networks by 0.8% in the second quarter. Montag & Caldwell LLC now owns 4,026 shares of the network technology company’s stock valued at $458,000 after buying an additional 30 shares during the period. Capstone Asset Management Co. boosted its position in F5 Networks by 0.6% in the third quarter. Capstone Asset Management Co. now owns 5,183 shares of the network technology company’s stock valued at $646,000 after buying an additional 30 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in F5 Networks by 0.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,373 shares of the network technology company’s stock valued at $611,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 92.61% of the company’s stock.

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

Shares of F5 Networks Inc. (NASDAQ:FFIV) traded down 1.362% during mid-day trading on Wednesday, hitting $140.865. 445,936 shares of the company were exchanged. The company’s 50-day moving average price is $131.93 and its 200-day moving average price is $122.12. F5 Networks Inc. has a 12-month low of $86.03 and a 12-month high of $144.28. The firm has a market capitalization of $9.20 billion, a P/E ratio of 26.183 and a beta of 1.38.

F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, October 26th. The network technology company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $525.30 million for the quarter, compared to analyst estimates of $520.45 million. During the same quarter in the prior year, the business posted $1.84 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts predict that F5 Networks Inc. will post $8.26 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on FFIV. Sanford C. Bernstein cut shares of F5 Networks from an “outperform” rating to a “market perform” rating and set a $140.00 price objective for the company. in a report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research cut shares of F5 Networks from a “buy” rating to a “hold” rating in a report on Monday. Jefferies Group increased their price objective on shares of F5 Networks to $130.00 in a report on Monday, November 21st. Oppenheimer Holdings Inc. set a $157.00 price objective on shares of F5 Networks and gave the company a “buy” rating in a report on Saturday, November 19th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $160.00 price objective on shares of F5 Networks in a report on Friday, November 18th. One investment analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $121.32.

In other F5 Networks news, EVP John D. Dilullo sold 5,777 shares of the stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $135.31, for a total transaction of $781,685.87. Following 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 accessible through the SEC website. Also, EVP Scot Frazier Rogers sold 1,660 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $136.98, for a total transaction of $227,386.80. Following the transaction, the executive vice president now owns 7,350 shares in the company, valued at approximately $1,006,803. The disclosure for this sale can be found here. Company 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.

5 Day Chart for NASDAQ:FFIV

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