Reinhart Partners Inc. boosted its position in F5 Networks, Inc. (NASDAQ:FFIV) by 31.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 189,758 shares of the network technology company’s stock after acquiring an additional 44,853 shares during the period. F5 Networks accounts for 2.5% of Reinhart Partners Inc.’s portfolio, making the stock its 13th largest position. Reinhart Partners Inc.’s holdings in F5 Networks were worth $24,900,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FFIV. State of Alaska Department of Revenue boosted its holdings in F5 Networks by 20.1% during the fourth quarter. State of Alaska Department of Revenue now owns 12,502 shares of the network technology company’s stock worth $1,638,000 after buying an additional 2,090 shares during the last quarter. Oakbrook Investments LLC bought a new position in F5 Networks during the fourth quarter worth about $390,000. Acadian Asset Management LLC boosted its holdings in F5 Networks by 8,034.7% during the fourth quarter. Acadian Asset Management LLC now owns 11,714 shares of the network technology company’s stock worth $1,537,000 after buying an additional 11,570 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in F5 Networks by 5.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 367,713 shares of the network technology company’s stock worth $48,252,000 after buying an additional 18,519 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new position in F5 Networks during the fourth quarter worth about $756,000. Institutional investors and hedge funds own 94.65% of the company’s stock.

Several research firms have recently weighed in on FFIV. Zacks Investment Research upgraded F5 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Standpoint Research began coverage on F5 Networks in a report on Monday, October 2nd. They set an “accumulate” rating and a $160.00 price objective on the stock. Deutsche Bank reiterated a “sell” rating and set a $90.00 price objective (down previously from $100.00) on shares of F5 Networks in a report on Tuesday, October 3rd. Oppenheimer reiterated a “hold” rating on shares of F5 Networks in a report on Tuesday, October 3rd. Finally, Robert W. Baird reiterated a “hold” rating and set a $125.00 price objective on shares of F5 Networks in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $132.16.

In other F5 Networks news, COO Edward Julian Eames sold 15,489 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $120.84, for a total transaction of $1,871,690.76. Following the transaction, the chief operating officer now owns 21,587 shares of the company’s stock, valued at approximately $2,608,573.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Benjamin Gibson sold 932 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $119.52, for a total value of $111,392.64. Following the transaction, the chief marketing officer now directly owns 1,651 shares in the company, valued at approximately $197,327.52. The disclosure for this sale can be found here. Insiders have sold a total of 35,712 shares of company stock worth $4,316,345 in the last ninety days. Insiders own 0.26% of the company’s stock.

Shares of F5 Networks, Inc. (NASDAQ FFIV) traded up $0.76 during trading on Monday, reaching $138.76. The company had a trading volume of 718,400 shares, compared to its average volume of 600,792. F5 Networks, Inc. has a 1-year low of $114.63 and a 1-year high of $149.50. The firm has a market cap of $8,910.00, a price-to-earnings ratio of 21.31, a PEG ratio of 2.21 and a beta of 1.06.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, October 25th. The network technology company reported $2.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.24. The firm had revenue of $538.00 million for the quarter, compared to analyst estimates of $534.71 million. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.11 EPS. sell-side analysts predict that F5 Networks, Inc. will post 6.74 EPS for the current fiscal year.

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

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F5 Networks Company 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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