Toronto Dominion Bank Buys 2,865 Shares of F5 Networks, Inc. (FFIV)

Toronto Dominion Bank raised its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,019 shares of the network technology company’s stock after acquiring an additional 2,865 shares during the quarter. Toronto Dominion Bank’s holdings in F5 Networks were worth $3,545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FFIV. Zions Bancorporation boosted its position in shares of F5 Networks by 16,733.3% in the 3rd quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock worth $122,000 after purchasing an additional 1,004 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of F5 Networks by 58.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,360 shares of the network technology company’s stock worth $164,000 after purchasing an additional 500 shares in the last quarter. Wealthstreet Investment Advisors LLC acquired a new stake in shares of F5 Networks in the 4th quarter worth $236,000. Cadence Capital Management LLC acquired a new stake in shares of F5 Networks in the 3rd quarter worth $241,000. Finally, Sowell Financial Services LLC acquired a new stake in shares of F5 Networks in the 4th quarter worth $276,000. 96.59% of the stock is currently owned by institutional investors and hedge funds.

F5 Networks, Inc. (FFIV) opened at $143.87 on Friday. The firm has a market capitalization of $8,946.42, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.21 and a beta of 1.08. F5 Networks, Inc. has a 52 week low of $114.63 and a 52 week high of $149.50.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, January 24th. The network technology company reported $2.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.21. The business had revenue of $523.20 million during the quarter, compared to analyst estimates of $521.07 million. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.98 EPS. analysts expect that F5 Networks, Inc. will post 7.23 earnings per share for the current year.

In other F5 Networks news, EVP Scot Frazier Rogers sold 2,738 shares of F5 Networks stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $144.83, for a total transaction of $396,544.54. Following the completion of the transaction, the executive vice president now owns 9,072 shares in the company, valued at approximately $1,313,897.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Mcadam sold 25,000 shares of F5 Networks stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $143.99, for a total value of $3,599,750.00. Following the transaction, the director now owns 56,312 shares of the company’s stock, valued at approximately $8,108,364.88. The disclosure for this sale can be found here. Insiders have sold a total of 37,209 shares of company stock valued at $5,355,889 in the last quarter. Company insiders own 0.26% of the company’s stock.

A number of analysts have recently weighed in on FFIV shares. Robert W. Baird reissued a “hold” rating and issued a $120.00 price objective on shares of F5 Networks in a research report on Thursday, October 26th. BMO Capital Markets lowered their price objective on F5 Networks from $124.00 to $122.00 and set a “market perform” rating for the company in a research report on Thursday, October 26th. Barclays lowered their price objective on F5 Networks from $116.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, October 26th. Nomura lowered their price objective on F5 Networks from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. Finally, Cowen reissued a “buy” rating and issued a $140.00 price objective on shares of F5 Networks in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $140.30.

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F5 Networks 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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