Raymond James & Associates lessened its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 31.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,425 shares of the network technology company’s stock after selling 14,556 shares during the period. Raymond James & Associates’ holdings in F5 Networks were worth $5,092,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. American Capital Management Inc. lifted its stake in F5 Networks by 0.3% during the 4th quarter. American Capital Management Inc. now owns 21,760 shares of the network technology company’s stock worth $3,526,000 after acquiring an additional 70 shares in the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in F5 Networks during the 4th quarter worth about $25,000. Securian Asset Management Inc lifted its stake in F5 Networks by 2.5% during the 4th quarter. Securian Asset Management Inc now owns 6,323 shares of the network technology company’s stock worth $1,025,000 after acquiring an additional 155 shares in the last quarter. Lindbrook Capital LLC acquired a new position in F5 Networks during the 4th quarter worth about $26,000. Finally, Comerica Bank lifted its stake in F5 Networks by 1.6% during the 4th quarter. Comerica Bank now owns 11,593 shares of the network technology company’s stock worth $1,827,000 after acquiring an additional 178 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Kara Lynn Sprague sold 705 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $159.50, for a total value of $112,447.50. Following the transaction, the vice president now owns 7,097 shares in the company, valued at approximately $1,131,971.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas Dean Fountain sold 545 shares of the stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $171.60, for a total value of $93,522.00. Following the completion of the transaction, the executive vice president now owns 763 shares in the company, valued at approximately $130,930.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,469 shares of company stock worth $2,339,402. Company insiders own 0.22% of the company’s stock.
FFIV opened at $153.69 on Friday. F5 Networks, Inc. has a one year low of $138.67 and a one year high of $199.71. The stock has a market capitalization of $9.14 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.92 and a beta of 0.94.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, January 23rd. The network technology company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.17. F5 Networks had a return on equity of 40.12% and a net margin of 22.74%. The business had revenue of $543.80 million for the quarter, compared to the consensus estimate of $547.39 million. During the same quarter in the prior year, the business posted $2.26 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that F5 Networks, Inc. will post 8.62 earnings per share for the current year.
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F5 Networks Company 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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