Stifel Financial Corp lifted its position in F5 Networks, Inc. (NASDAQ:FFIV) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,491 shares of the network technology company’s stock after acquiring an additional 2,380 shares during the quarter. Stifel Financial Corp owned 0.10% of F5 Networks worth $7,415,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FFIV. Municipal Employees Retirement System of Michigan lifted its holdings in F5 Networks by 157.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,450 shares of the network technology company’s stock valued at $692,000 after buying an additional 3,330 shares in the last quarter. Sei Investments Co. lifted its holdings in F5 Networks by 2.6% during the 2nd quarter. Sei Investments Co. now owns 9,085 shares of the network technology company’s stock valued at $1,154,000 after buying an additional 230 shares in the last quarter. IFP Advisors Inc lifted its holdings in F5 Networks by 65.6% during the 2nd quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after buying an additional 380 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in F5 Networks by 16.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 121,325 shares of the network technology company’s stock valued at $15,416,000 after buying an additional 16,800 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in F5 Networks by 38.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 306,178 shares of the network technology company’s stock valued at $38,903,000 after buying an additional 85,239 shares in the last quarter. Hedge funds and other institutional investors own 95.19% of the company’s stock.

F5 Networks, Inc. (NASDAQ:FFIV) opened at $131.00 on Thursday. The company has a market cap of $8,334.33, a PE ratio of 20.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06. F5 Networks, Inc. has a 12-month low of $114.63 and a 12-month high of $149.50.

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

F5 Networks declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network technology company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

In other news, EVP Edward Julian Eames sold 15,336 shares of F5 Networks stock in a transaction that occurred on 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 transaction, the executive vice president now owns 43,824 shares of the company’s stock, valued at approximately $5,305,333.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 1,714 shares of F5 Networks stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $119.87, for a total transaction of $205,457.18. Following the completion of the transaction, the chief executive officer now directly owns 2,119 shares in the company, valued at approximately $254,004.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,712 shares of company stock worth $4,316,345. Insiders own 0.26% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of F5 Networks from a “sell” rating to a “hold” rating in a report on Monday. Cowen reiterated a “buy” rating and set a $140.00 price objective on shares of F5 Networks in a report on Friday, October 27th. Nomura decreased their price objective on shares of F5 Networks from $115.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, October 26th. Barclays decreased their price objective on shares of F5 Networks from $116.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, October 26th. Finally, BMO Capital Markets decreased their price objective on shares of F5 Networks from $124.00 to $122.00 and set a “market perform” rating for the company in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $125.94.

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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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