F5 Networks, Inc. (FFIV) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 241,635 shares of the network technology company’s stock after selling 25,511 shares during the period. F5 Networks accounts for about 0.6% of Teachers Retirement System of The State of Kentucky’s investment portfolio, making the stock its 23rd biggest position. Teachers Retirement System of The State of Kentucky’s holdings in F5 Networks were worth $48,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FFIV. Moody Aldrich Partners LLC bought a new stake in shares of F5 Networks during the second quarter worth approximately $54,839,000. Truvestments Capital LLC bought a new stake in shares of F5 Networks during the third quarter worth approximately $123,000. Piedmont Investment Advisors LLC bought a new stake in shares of F5 Networks during the second quarter worth approximately $119,000. Qube Research & Technologies Ltd bought a new stake in shares of F5 Networks during the second quarter worth approximately $131,000. Finally, Hollencrest Capital Management bought a new stake in shares of F5 Networks during the third quarter worth approximately $202,000. 98.58% of the stock is owned by institutional investors.

FFIV has been the subject of a number of recent research reports. Zacks Investment Research raised shares of F5 Networks from a “hold” rating to a “buy” rating and set a $198.00 price target for the company in a research note on Wednesday, July 18th. Credit Suisse Group set a $188.00 price target on shares of F5 Networks and gave the stock a “buy” rating in a research note on Wednesday, July 18th. BMO Capital Markets reissued a “buy” rating and set a $188.00 price target on shares of F5 Networks in a research note on Thursday, July 26th. BidaskClub downgraded shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, Standpoint Research raised shares of F5 Networks from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $174.41.

In other news, Director Michael L. Dreyer sold 5,679 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $183.03, for a total value of $1,039,427.37. Following the completion of the transaction, the director now owns 5,679 shares in the company, valued at $1,039,427.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 6,118 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $177.32, for a total transaction of $1,084,843.76. Following the completion of the transaction, the chief executive officer now owns 21,961 shares of the company’s stock, valued at approximately $3,894,124.52. The disclosure for this sale can be found here. Insiders sold 44,694 shares of company stock valued at $7,986,951 in the last ninety days. Insiders own 0.30% of the company’s stock.

NASDAQ:FFIV traded down $1.14 during trading hours on Thursday, hitting $174.70. The stock had a trading volume of 50,003 shares, compared to its average volume of 722,495. F5 Networks, Inc. has a one year low of $119.53 and a one year high of $199.71. The company has a market capitalization of $10.88 billion, a PE ratio of 21.84, a PEG ratio of 2.13 and a beta of 0.95.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, October 24th. The network technology company reported $2.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.27. F5 Networks had a net margin of 20.99% and a return on equity of 40.04%. The firm had revenue of $562.71 million during the quarter, compared to the consensus estimate of $560.72 million. As a group, equities analysts forecast that F5 Networks, Inc. will post 8.48 earnings per share for the current year.

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About F5 Networks

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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