Baird Financial Group Inc. Reduces Stake in F5 Networks, Inc. (FFIV)

Baird Financial Group Inc. cut its position in F5 Networks, Inc. (NASDAQ:FFIV) by 31.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 26,569 shares of the network technology company’s stock after selling 12,009 shares during the period. Baird Financial Group Inc.’s holdings in F5 Networks were worth $3,845,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in F5 Networks by 63.7% in the third quarter. Ameriprise Financial Inc. now owns 1,277,648 shares of the network technology company’s stock worth $159,248,000 after buying an additional 497,300 shares during the last quarter. Fiera Capital Corp bought a new stake in F5 Networks during the second quarter worth about $55,841,000. Prudential Financial Inc. raised its stake in F5 Networks by 364.3% in the third quarter. Prudential Financial Inc. now owns 451,554 shares of the network technology company’s stock worth $56,282,000 after buying an additional 354,305 shares during the last quarter. Seizert Capital Partners LLC bought a new stake in F5 Networks during the second quarter worth about $30,300,000. Finally, Smith Asset Management Group LP bought a new stake in F5 Networks during the third quarter worth about $22,653,000. Institutional investors and hedge funds own 94.20% of the company’s stock.

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

Shares of F5 Networks, Inc. (NASDAQ:FFIV) traded down 0.16% during mid-day trading on Friday, reaching $143.01. The company had a trading volume of 110,378 shares. The stock has a market capitalization of $9.27 billion, a P/E ratio of 25.81 and a beta of 1.33. F5 Networks, Inc. has a 52-week low of $91.11 and a 52-week high of $148.34. The company’s 50-day moving average is $140.89 and its 200 day moving average is $132.60.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, January 25th. The network technology company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.04. F5 Networks had a net margin of 18.32% and a return on equity of 32.62%. The firm had revenue of $516 million for the quarter, compared to analysts’ expectations of $517.97 million. During the same period in the previous year, the company posted $1.73 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts anticipate that F5 Networks, Inc. will post $8.29 EPS for the current fiscal year.

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FFIV has been the topic of a number of recent research reports. Jefferies Group LLC upped their target price on F5 Networks to $130.00 in a research note on Monday, November 21st. Zacks Investment Research raised F5 Networks from a “hold” rating to a “buy” rating and set a $161.00 target price on the stock in a research note on Tuesday, November 15th. Drexel Hamilton reaffirmed a “buy” rating and issued a $160.00 target price (up previously from $155.00) on shares of F5 Networks in a research note on Friday, October 28th. Oppenheimer Holdings, Inc. set a $157.00 target price on F5 Networks and gave the company a “buy” rating in a research note on Saturday, November 19th. Finally, Citigroup Inc. raised F5 Networks from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 14th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $126.56.

In other F5 Networks news, insider John Mcadam sold 21,862 shares of F5 Networks stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $139.73, for a total transaction of $3,054,777.26. Following the transaction, the insider now directly owns 94,551 shares in the company, valued at approximately $13,211,611.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andrew Reinland sold 6,342 shares of F5 Networks stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $133.16, for a total transaction of $844,500.72. Following the transaction, the chief financial officer now owns 21,393 shares in the company, valued at $2,848,691.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,037 shares of company stock worth $5,351,302. Corporate insiders own 0.26% of the company’s stock.

About F5 Networks

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.

5 Day Chart for NASDAQ:FFIV

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