Nissay Asset Management Corp Japan ADV boosted its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 1.3% in the 1st quarter, HoldingsChannel reports. The fund owned 6,354 shares of the network technology company’s stock after buying an additional 80 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in F5 Networks were worth $997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FFIV. California Public Employees Retirement System boosted its stake in shares of F5 Networks by 16.0% in the first quarter. California Public Employees Retirement System now owns 419,582 shares of the network technology company’s stock worth $65,845,000 after acquiring an additional 57,978 shares during the last quarter. Quantum Capital Management boosted its stake in shares of F5 Networks by 42.1% in the first quarter. Quantum Capital Management now owns 3,733 shares of the network technology company’s stock worth $586,000 after acquiring an additional 1,106 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of F5 Networks by 1.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 82,935 shares of the network technology company’s stock worth $13,015,000 after acquiring an additional 1,140 shares during the last quarter. Mitchell Capital Management Co. acquired a new stake in shares of F5 Networks in the first quarter worth approximately $968,000. Finally, Blackhill Capital Inc. acquired a new stake in shares of F5 Networks in the first quarter worth approximately $471,000. Institutional investors own 97.15% of the company’s stock.

FFIV stock opened at $140.22 on Monday. The firm has a market capitalization of $8.37 billion, a P/E ratio of 17.53, a PEG ratio of 1.81 and a beta of 0.91. F5 Networks, Inc. has a 12-month low of $139.85 and a 12-month high of $199.71.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, April 24th. The network technology company reported $2.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.01. The firm had revenue of $544.90 million for the quarter, compared to the consensus estimate of $547.03 million. F5 Networks had a return on equity of 39.13% and a net margin of 22.91%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.31 EPS. As a group, research analysts forecast that F5 Networks, Inc. will post 8.59 earnings per share for the current fiscal year.

In related news, CEO Francois Locoh-Donou sold 4,001 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $151.58, for a total value of $606,471.58. Following the sale, the chief executive officer now owns 32,041 shares in the company, valued at approximately $4,856,774.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Francis J. Pelzer sold 231 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $151.58, for a total value of $35,014.98. Following the completion of the sale, the chief financial officer now owns 902 shares in the company, valued at approximately $136,725.16. The disclosure for this sale can be found here. Insiders sold a total of 11,154 shares of company stock worth $1,721,833 in the last quarter. Company insiders own 0.22% of the company’s stock.

A number of analysts have recently issued reports on the company. Piper Jaffray Companies reaffirmed an “underweight” rating and issued a $157.00 price target on shares of F5 Networks in a research note on Thursday, January 24th. Nomura lowered their price objective on F5 Networks to $155.00 and set a “neutral” rating on the stock in a research note on Thursday, January 24th. DA Davidson lowered their price objective on F5 Networks to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. JPMorgan Chase & Co. lowered F5 Networks from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $210.00 to $183.00 in a research note on Tuesday, March 12th. Finally, BidaskClub lowered F5 Networks from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 1st. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $173.99.

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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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