Bank of New York Mellon Corp raised its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,410,973 shares of the network technology company’s stock after buying an additional 26,260 shares during the quarter. Bank of New York Mellon Corp owned 2.25% of F5 Networks worth $170,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Investec Asset Management LTD raised its position in shares of F5 Networks by 33.5% during the second quarter. Investec Asset Management LTD now owns 53,012 shares of the network technology company’s stock worth $6,736,000 after purchasing an additional 13,306 shares during the period. State of Tennessee Treasury Department raised its position in shares of F5 Networks by 6.5% during the second quarter. State of Tennessee Treasury Department now owns 144,733 shares of the network technology company’s stock worth $18,390,000 after purchasing an additional 8,875 shares during the period. Sei Investments Co. raised its position in shares of F5 Networks by 2.6% during the second quarter. Sei Investments Co. now owns 9,085 shares of the network technology company’s stock worth $1,154,000 after purchasing an additional 230 shares during the period. Koch Industries Inc. acquired a new stake in shares of F5 Networks during the second quarter worth about $832,000. Finally, OppenheimerFunds Inc. raised its position in shares of F5 Networks by 6.1% during the first quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock worth $243,000 after purchasing an additional 98 shares during the period. 99.58% of the stock is currently owned by hedge funds and other institutional investors.

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In other F5 Networks news, EVP Benjamin Gibson sold 3,262 shares of F5 Networks stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total value of $382,469.50. Following the completion of the transaction, the executive vice president now directly owns 815 shares of the company’s stock, valued at approximately $95,558.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,714 shares of F5 Networks stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $119.87, for a total value of $205,457.18. Following the completion of the transaction, the chief executive officer now directly owns 2,119 shares of the company’s stock, valued at $254,004.53. The disclosure for this sale can be found here. Insiders sold a total of 38,974 shares of company stock valued at $4,698,814 over the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

Shares of F5 Networks, Inc. (FFIV) opened at $122.71 on Tuesday. The stock has a market capitalization of $7,790.00, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.96 and a beta of 1.01. F5 Networks, Inc. has a one year low of $114.63 and a one year high of $149.50.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, October 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.24. The business had revenue of $538.00 million during the quarter, compared to the consensus estimate of $534.71 million. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. 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 posted $2.11 EPS. equities analysts forecast that F5 Networks, Inc. will post 6.7 EPS for the current year.

F5 Networks declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the network technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of equities research analysts have recently commented on the company. Oppenheimer Holdings, Inc. lowered F5 Networks from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $145.00 to $120.00 in a research report on Thursday, July 27th. Wells Fargo & Company lowered F5 Networks from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $145.00 to $120.00 in a research report on Thursday, July 27th. Citigroup Inc. lowered F5 Networks to a “market perform” rating in a research report on Thursday, July 27th. Piper Jaffray Companies dropped their price target on F5 Networks to $121.00 and set a “neutral” rating on the stock in a research report on Thursday, July 27th. Finally, Robert W. Baird reissued a “hold” rating on shares of F5 Networks in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have issued a buy rating to the company’s stock. F5 Networks currently has a consensus rating of “Hold” and an average price target of $126.76.

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.

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

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