Teacher Retirement System of Texas lifted its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 141.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 325,842 shares of the network technology company’s stock after acquiring an additional 190,970 shares during the quarter. Teacher Retirement System of Texas owned 0.54% of F5 Networks worth $56,191,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of FFIV. Dupont Capital Management Corp lifted its holdings in F5 Networks by 5.7% during the 1st quarter. Dupont Capital Management Corp now owns 20,654 shares of the network technology company’s stock worth $2,987,000 after buying an additional 1,109 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in F5 Networks by 20.7% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,115 shares of the network technology company’s stock worth $306,000 after buying an additional 362 shares in the last quarter. NuWave Investment Management LLC lifted its holdings in F5 Networks by 2,180.4% during the 1st quarter. NuWave Investment Management LLC now owns 1,049 shares of the network technology company’s stock worth $151,000 after buying an additional 1,003 shares in the last quarter. ARP Americas LP acquired a new stake in F5 Networks during the 1st quarter worth approximately $245,000. Finally, Wedge Capital Management L L P NC acquired a new stake in F5 Networks during the 1st quarter worth approximately $46,268,000. Hedge funds and other institutional investors own 94.31% of the company’s stock.
In other F5 Networks news, CEO Francois Locoh-Donou sold 2,407 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $171.69, for a total value of $413,257.83. Following the sale, the chief executive officer now directly owns 12,673 shares of the company’s stock, valued at approximately $2,175,827.37. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Ryan C. Kearny sold 857 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $171.86, for a total transaction of $147,284.02. Following the completion of the sale, 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. Over the last three months, insiders sold 28,314 shares of company stock worth $4,933,393. Insiders own 0.26% of the company’s stock.
Shares of NASDAQ:FFIV opened at $179.98 on Friday. F5 Networks, Inc. has a 52 week low of $114.63 and a 52 week high of $183.27. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 2.56 and a beta of 0.77.
F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, July 25th. The network technology company reported $2.44 EPS for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.05. F5 Networks had a net margin of 21.37% and a return on equity of 38.57%. The company had revenue of $542.20 million for the quarter, compared to the consensus estimate of $540.59 million. During the same period in the prior year, the firm posted $2.03 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. equities research analysts anticipate that F5 Networks, Inc. will post 7.64 earnings per share for the current year.
FFIV has been the topic of a number of research reports. DA Davidson increased their target price on shares of F5 Networks to $181.00 and gave the stock a “buy” rating in a report on Thursday, April 26th. Bank of America increased their target price on shares of F5 Networks from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 11th. BidaskClub lowered shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Credit Suisse Group set a $188.00 target price on shares of F5 Networks and gave the stock a “buy” rating in a report on Monday, May 21st. Finally, JPMorgan Chase & Co. set a $211.00 target price on shares of F5 Networks and gave the stock a “buy” rating in a report on Thursday, July 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. F5 Networks has a consensus rating of “Hold” and a consensus target price of $162.65.
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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