First Trust Advisors LP decreased its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 24.2% in the first quarter, HoldingsChannel.com reports. The firm owned 741,695 shares of the network technology company’s stock after selling 236,429 shares during the quarter. First Trust Advisors LP’s holdings in F5 Networks were worth $116,394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FFIV. Intercontinental Wealth Advisors LLC acquired a new stake in shares of F5 Networks during the fourth quarter worth about $25,000. Lindbrook Capital LLC acquired a new stake in shares of F5 Networks during the fourth quarter worth about $26,000. Atlas Capital Advisors LLC lifted its holdings in shares of F5 Networks by 306.5% during the first quarter. Atlas Capital Advisors LLC now owns 187 shares of the network technology company’s stock worth $29,000 after purchasing an additional 141 shares during the period. Rational Advisors LLC lifted its holdings in shares of F5 Networks by 2,009.1% during the fourth quarter. Rational Advisors LLC now owns 232 shares of the network technology company’s stock worth $38,000 after purchasing an additional 221 shares during the period. Finally, Global Trust Asset Management LLC acquired a new stake in shares of F5 Networks during the first quarter worth about $41,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on FFIV. Zacks Investment Research downgraded F5 Networks from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. BidaskClub raised F5 Networks from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Deutsche Bank decreased their target price on F5 Networks from $115.00 to $110.00 and set a “sell” rating for the company in a report on Tuesday, March 12th. JPMorgan Chase & Co. cut F5 Networks from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $210.00 to $183.00 in a research report on Tuesday, March 12th. Finally, William Blair reiterated a “market perform” rating on shares of F5 Networks in a research report on Tuesday, March 12th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $173.99.

In other news, CEO Francois Locoh-Donou sold 4,001 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $151.58, for a total value of $606,471.58. Following the completion of the sale, the chief executive officer now directly owns 32,041 shares in the company, valued at $4,856,774.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 188 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $143.61, for a total value of $26,998.68. Following the completion of the sale, the executive vice president now owns 1,729 shares of the company’s stock, valued at $248,301.69. The disclosure for this sale can be found here. Insiders sold 10,643 shares of company stock valued at $1,630,345 over the last 90 days. Company insiders own 0.22% of the company’s stock.

Shares of FFIV stock opened at $136.94 on Friday. The company has a market cap of $8.17 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.83 and a beta of 0.91. F5 Networks, Inc. has a twelve month low of $135.79 and a twelve month high of $199.71.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, April 24th. The network technology company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.01. The company had revenue of $544.90 million during the quarter, compared to analysts’ expectations of $547.03 million. F5 Networks had a return on equity of 39.13% and a net margin of 22.91%. F5 Networks’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $2.31 earnings per share. As a group, equities analysts predict that F5 Networks, Inc. will post 8.59 EPS 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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Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

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