NumerixS Investment Technologies Inc acquired a new stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,900 shares of the network technology company’s stock, valued at approximately $1,021,000.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC acquired a new stake in F5 Networks in the 1st quarter valued at approximately $100,000. Piedmont Investment Advisors LLC acquired a new stake in F5 Networks in the 2nd quarter valued at approximately $119,000. NuWave Investment Management LLC raised its position in F5 Networks by 2,180.4% in the 1st quarter. NuWave Investment Management LLC now owns 1,049 shares of the network technology company’s stock valued at $151,000 after buying an additional 1,003 shares during the last quarter. Atlantic Trust Group LLC raised its position in F5 Networks by 53.2% in the 1st quarter. Atlantic Trust Group LLC now owns 1,302 shares of the network technology company’s stock valued at $188,000 after buying an additional 452 shares during the last quarter. Finally, Ostrum Asset Management acquired a new stake in F5 Networks in the 1st quarter valued at approximately $196,000. Institutional investors and hedge funds own 99.94% of the company’s stock.

NASDAQ:FFIV opened at $188.82 on Friday. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 29.23, a P/E/G ratio of 2.70 and a beta of 0.77. F5 Networks, Inc. has a twelve month low of $114.63 and a twelve month high of $191.16.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 25th. The network technology company reported $2.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.05. The firm had revenue of $542.20 million for the quarter, compared to analyst estimates of $540.59 million. F5 Networks had a return on equity of 38.57% and a net margin of 21.37%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.03 EPS. sell-side analysts forecast that F5 Networks, Inc. will post 7.64 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on FFIV. BidaskClub raised F5 Networks from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. JPMorgan Chase & Co. set a $211.00 target price on F5 Networks and gave the company a “buy” rating in a research report on Thursday, July 5th. Credit Suisse Group set a $188.00 target price on F5 Networks and gave the company a “buy” rating in a research report on Friday, June 29th. MKM Partners lifted their target price on F5 Networks to $178.00 and gave the company a “neutral” rating in a research report on Thursday, July 26th. Finally, Citigroup lowered F5 Networks from a “buy” rating to a “neutral” rating and lifted their target price for the company from $170.00 to $190.00 in a research report on Monday, June 18th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $162.65.

In related news, Director Michael L. Dreyer sold 5,679 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $183.03, for a total transaction of $1,039,427.37. Following the transaction, the director now directly owns 5,679 shares of the company’s stock, valued at approximately $1,039,427.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ryan C. Kearny sold 857 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $171.86, for a total value of $147,284.02. Following the transaction, the senior vice president now directly owns 4,714 shares in the company, valued at $810,148.04. The disclosure for this sale can be found here. Insiders have sold a total of 33,993 shares of company stock worth $5,972,820 in the last ninety days. Insiders own 0.26% of the company’s stock.

F5 Networks Profile

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

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

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