Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 58.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,360 shares of the network technology company’s stock after acquiring an additional 500 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in F5 Networks were worth $164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in FFIV. Contravisory Investment Management Inc. grew its position in F5 Networks by 0.8% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock worth $235,000 after purchasing an additional 14 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of F5 Networks by 1.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock worth $178,000 after acquiring an additional 21 shares during the last quarter. Intrust Bank NA boosted its stake in shares of F5 Networks by 1.1% during the 2nd quarter. Intrust Bank NA now owns 4,590 shares of the network technology company’s stock worth $584,000 after acquiring an additional 50 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of F5 Networks by 4.5% during the 2nd quarter. Synovus Financial Corp now owns 1,851 shares of the network technology company’s stock worth $241,000 after acquiring an additional 79 shares during the last quarter. Finally, MAI Capital Management boosted its stake in shares of F5 Networks by 1.2% during the 2nd quarter. MAI Capital Management now owns 6,906 shares of the network technology company’s stock worth $877,000 after acquiring an additional 80 shares during the last quarter. 98.52% of the stock is owned by institutional investors.

F5 Networks, Inc. (FFIV) traded down $1.25 during trading on Monday, reaching $119.71. 698,000 shares of the company’s stock traded hands, compared to its average volume of 790,829. The stock has a market cap of $7,493.07, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01. F5 Networks, Inc. has a 12 month low of $114.63 and a 12 month high of $149.50.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, October 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.24. The company had revenue of $538.00 million during the quarter, compared to analysts’ expectations of $534.71 million. F5 Networks had a net margin of 20.13% and a return on equity of 34.70%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.11 EPS. analysts anticipate that F5 Networks, Inc. will post 6.7 EPS for the current year.

F5 Networks announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the network technology company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Several research analysts have recently weighed in on FFIV shares. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of F5 Networks in a research note on Tuesday, September 12th. Robert W. Baird reiterated a “hold” rating on shares of F5 Networks in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $129.00 price target on shares of F5 Networks in a research note on Tuesday, October 10th. BMO Capital Markets reiterated an “outperform” rating and set a $124.00 price target (down previously from $132.00) on shares of F5 Networks in a research note on Thursday, July 27th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $160.00 price target on shares of F5 Networks in a research note on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $126.76.

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In other F5 Networks news, EVP Edward Julian Eames sold 15,336 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $121.06, for a total value of $1,856,576.16. Following the completion of the sale, the executive vice president now directly owns 43,824 shares of the company’s stock, valued at approximately $5,305,333.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Benjamin Gibson sold 3,262 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total transaction of $382,469.50. Following the completion of the sale, the executive vice president now directly owns 815 shares of the company’s stock, valued at $95,558.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,485 shares of company stock valued at $2,827,124. 0.26% of the stock is owned by corporate insiders.

F5 Networks Profile

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.

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

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