NN Investment Partners Holdings N.V. Sells 206,021 Shares of F5 Networks, Inc. (NASDAQ:FFIV)
NN Investment Partners Holdings N.V. decreased its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 87.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,301 shares of the network technology company’s stock after selling 206,021 shares during the period. NN Investment Partners Holdings N.V.’s holdings in F5 Networks were worth $3,851,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FFIV. Putnam Investments LLC purchased a new position in F5 Networks during the fourth quarter valued at $201,000. Winslow Evans & Crocker Inc. raised its position in F5 Networks by 0.6% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,418 shares of the network technology company’s stock valued at $345,000 after buying an additional 14 shares in the last quarter. CFO4Life Group LLC purchased a new position in F5 Networks during the first quarter valued at $413,000. Legal & General Group Plc raised its position in F5 Networks by 6.0% in the first quarter. Legal & General Group Plc now owns 315,821 shares of the network technology company’s stock valued at $45,026,000 after buying an additional 17,834 shares in the last quarter. Finally, American Beacon Advisors Inc. purchased a new position in F5 Networks during the first quarter valued at $153,000. Institutional investors own 95.86% of the company’s stock.
F5 Networks, Inc. (FFIV) opened at 123.84 on Monday. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50. The company has a market cap of $8.01 billion, a P/E ratio of 21.14 and a beta of 1.17. The company has a 50-day moving average of $128.85 and a 200 day moving average of $137.65.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, April 26th. The network technology company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by $0.06. F5 Networks had a net margin of 18.88% and a return on equity of 33.53%. The company had revenue of $518.20 million for the quarter, compared to the consensus estimate of $523.12 million. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts forecast that F5 Networks, Inc. will post $8.19 EPS for the current fiscal year.
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Several research analysts have recently weighed in on FFIV shares. Deutsche Bank AG lowered shares of F5 Networks from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $120.00 to $100.00 in a research note on Wednesday, March 29th. Needham & Company LLC restated a “hold” rating on shares of F5 Networks in a research note on Thursday, March 30th. Credit Suisse Group set a $138.00 price objective on shares of F5 Networks and gave the stock a “hold” rating in a research note on Thursday, April 20th. Royal Bank Of Canada restated a “hold” rating and set a $132.00 price objective on shares of F5 Networks in a research note on Monday, May 29th. Finally, Morgan Stanley decreased their target price on shares of F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. F5 Networks currently has a consensus rating of “Hold” and an average target price of $136.65.
In other news, EVP John D. Dilullo sold 3,420 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $127.62, for a total value of $436,460.40. Following the completion of the sale, the executive vice president now directly owns 4,926 shares in the company, valued at approximately $628,656.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Edward Julian Eames sold 4,645 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $127.76, for a total transaction of $593,445.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,146 shares of company stock valued at $3,234,190. 0.26% of the stock is currently owned by company insiders.
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.
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