M&T Bank Corp lifted its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 364.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,869 shares of the network technology company’s stock after purchasing an additional 22,653 shares during the period. M&T Bank Corp’s holdings in F5 Networks were worth $3,788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FFIV. Zions Bancorporation boosted its holdings in shares of F5 Networks by 16,733.3% in the third quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock worth $122,000 after buying an additional 1,004 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of F5 Networks by 58.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,360 shares of the network technology company’s stock worth $164,000 after buying an additional 500 shares during the period. Cadence Capital Management LLC acquired a new position in shares of F5 Networks in the third quarter worth about $241,000. Sowell Financial Services LLC acquired a new position in shares of F5 Networks in the fourth quarter worth about $276,000. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of F5 Networks in the third quarter worth about $249,000. 95.05% of the stock is currently owned by institutional investors.

Shares of F5 Networks, Inc. (NASDAQ:FFIV) opened at $143.50 on Thursday. The stock has a market cap of $8,808.50, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. F5 Networks, Inc. has a one year low of $114.63 and a one year high of $149.50.

F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.21. The firm had revenue of $523.20 million during the quarter, compared to analysts’ expectations of $521.07 million. F5 Networks had a net margin of 19.79% and a return on equity of 35.98%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.98 earnings per share. equities research analysts expect that F5 Networks, Inc. will post 7.23 EPS for the current fiscal year.

F5 Networks announced that its board has initiated a share buyback plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the network technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Several research analysts have commented on FFIV shares. Cowen reiterated a “buy” rating and issued a $140.00 target price on shares of F5 Networks in a report on Friday, October 27th. Bank of America upgraded shares of F5 Networks from a “neutral” rating to a “buy” rating and set a $157.00 target price for the company in a report on Friday, January 5th. Drexel Hamilton reiterated a “buy” rating and issued a $160.00 target price on shares of F5 Networks in a report on Monday, October 23rd. Zacks Investment Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Wednesday, January 10th. Finally, DA Davidson set a $155.00 target price on shares of F5 Networks and gave the stock a “buy” rating in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $140.30.

In other F5 Networks news, EVP John D. Dilullo sold 3,801 shares of F5 Networks stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $142.69, for a total value of $542,364.69. Following the completion of the sale, the executive vice president now directly owns 7,522 shares in the company, valued at $1,073,314.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,675 shares of F5 Networks stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $142.85, for a total transaction of $239,273.75. Following the completion of the sale, the chief executive officer now owns 3,984 shares of the company’s stock, valued at $569,114.40. The disclosure for this sale can be found here. Insiders sold 10,209 shares of company stock valued at $1,467,119 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

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About F5 Networks

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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