Blair William & Co. IL raised its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 31.8% during the 3rd quarter, Holdings Channel reports. The fund owned 9,116 shares of the network technology company’s stock after buying an additional 2,200 shares during the period. Blair William & Co. IL’s holdings in F5 Networks were worth $1,818,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FFIV. BlackRock Inc. grew its position in F5 Networks by 10.5% in the 2nd quarter. BlackRock Inc. now owns 5,070,865 shares of the network technology company’s stock valued at $874,472,000 after acquiring an additional 481,489 shares during the last quarter. Janus Henderson Group PLC grew its position in F5 Networks by 285.4% in the 3rd quarter. Janus Henderson Group PLC now owns 572,454 shares of the network technology company’s stock valued at $114,159,000 after acquiring an additional 423,915 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in F5 Networks by 138.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 639,008 shares of the network technology company’s stock valued at $127,430,000 after acquiring an additional 370,827 shares during the last quarter. Assenagon Asset Management S.A. grew its position in F5 Networks by 632.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 400,039 shares of the network technology company’s stock valued at $79,776,000 after acquiring an additional 345,391 shares during the last quarter. Finally, Swedbank grew its position in F5 Networks by 110.7% in the 3rd quarter. Swedbank now owns 653,173 shares of the network technology company’s stock valued at $130,256,000 after acquiring an additional 343,240 shares during the last quarter. 98.54% of the stock is currently owned by institutional investors.

In related news, Director Sandra E. Bergeron sold 8,900 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $169.54, for a total transaction of $1,508,906.00. Following the sale, the director now owns 2,000 shares of the company’s stock, valued at $339,080. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scot Frazier Rogers sold 13,557 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $177.91, for a total value of $2,411,925.87. Following the sale, the executive vice president now directly owns 22,141 shares in the company, valued at approximately $3,939,105.31. The disclosure for this sale can be found here. Insiders have sold a total of 48,012 shares of company stock worth $8,473,168 in the last three months. Corporate insiders own 0.26% of the company’s stock.

Several equities analysts have commented on FFIV shares. BidaskClub raised F5 Networks from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. Credit Suisse Group upped their price objective on F5 Networks from $188.00 to $216.00 and gave the company an “outperform” rating in a research report on Wednesday, September 5th. Zacks Investment Research downgraded F5 Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Piper Jaffray Companies downgraded F5 Networks from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $168.00 to $180.00 in a research report on Monday, October 1st. Finally, Standpoint Research raised F5 Networks from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $174.41.

FFIV opened at $170.92 on Friday. F5 Networks, Inc. has a 12-month low of $129.70 and a 12-month high of $199.71. The firm has a market cap of $10.28 billion, a PE ratio of 21.37, a PEG ratio of 2.02 and a beta of 0.95.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, October 24th. The network technology company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.27. F5 Networks had a return on equity of 40.04% and a net margin of 20.99%. The business had revenue of $562.71 million for the quarter, compared to the consensus estimate of $560.72 million. On average, research analysts forecast that F5 Networks, Inc. will post 8.48 earnings per share for the current fiscal 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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