NorthCoast Asset Management LLC trimmed its holdings in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 1.6% in the third quarter, HoldingsChannel.com reports. The fund owned 4,225 shares of the network technology company’s stock after selling 67 shares during the period. NorthCoast Asset Management LLC’s holdings in F5 Networks were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of FFIV. IFP Advisors Inc increased its position in shares of F5 Networks by 95.0% during the second quarter. IFP Advisors Inc now owns 197 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 96 shares during the last quarter. Winslow Evans & Crocker Inc. purchased a new stake in shares of F5 Networks during the second quarter valued at approximately $28,000. Cornerstone Advisors Inc. increased its position in shares of F5 Networks by 53.6% during the second quarter. Cornerstone Advisors Inc. now owns 301 shares of the network technology company’s stock valued at $42,000 after acquiring an additional 105 shares during the last quarter. NuWave Investment Management LLC increased its position in shares of F5 Networks by 381.9% during the third quarter. NuWave Investment Management LLC now owns 453 shares of the network technology company’s stock valued at $55,000 after acquiring an additional 359 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of F5 Networks by 144.9% during the third quarter. Steward Partners Investment Advisory LLC now owns 507 shares of the network technology company’s stock valued at $62,000 after acquiring an additional 300 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

In other F5 Networks news, EVP Ana Maria White sold 257 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $129.91, for a total transaction of $33,386.87. Following the sale, the executive vice president now owns 12,910 shares in the company, valued at $1,677,138.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Geng Lin sold 2,681 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $134.62, for a total value of $360,916.22. Following the sale, the executive vice president now owns 2,961 shares in the company, valued at approximately $398,609.82. The disclosure for this sale can be found here. Insiders have sold 8,449 shares of company stock valued at $1,224,452 in the last three months. 0.34% of the stock is owned by corporate insiders.

NASDAQ:FFIV opened at $161.11 on Friday. The firm has a market capitalization of $9.86 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 2.05 and a beta of 1.03. F5 Networks, Inc. has a 52-week low of $79.78 and a 52-week high of $166.67. The stock has a fifty day moving average of $136.96 and a 200 day moving average of $136.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.37 and a current ratio of 1.39.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Saturday, October 31st. The network technology company reported $2.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.06. The company had revenue of $614.82 million during the quarter, compared to analyst estimates of $607.12 million. F5 Networks had a return on equity of 19.72% and a net margin of 13.08%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $2.59 earnings per share. Equities analysts forecast that F5 Networks, Inc. will post 6.77 earnings per share for the current fiscal year.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised F5 Networks from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $144.00 to $192.00 in a report on Monday, November 16th. MKM Partners raised F5 Networks from a “neutral” rating to a “buy” rating and increased their price objective for the company from $140.00 to $170.00 in a report on Friday, October 23rd. Needham & Company LLC increased their price objective on F5 Networks from $180.00 to $210.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler increased their price objective on F5 Networks from $170.00 to $177.00 and gave the company an “overweight” rating in a report on Tuesday, November 10th. Finally, BidaskClub raised F5 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, November 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $165.53.

F5 Networks Profile

F5 Networks, Inc provides multi-cloud application services for the availability, security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System that enable company's products to intercept, inspect, and act on the contents of traffic.

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

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