Northern Trust Corp lifted its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 1.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 791,198 shares of the network technology company’s stock after acquiring an additional 13,820 shares during the period. Northern Trust Corp owned approximately 1.32% of F5 Networks worth $115,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FFIV. Geode Capital Management LLC lifted its holdings in shares of F5 Networks by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 1,094,712 shares of the network technology company’s stock worth $177,152,000 after acquiring an additional 72,027 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of F5 Networks by 36.5% during the 1st quarter. First Republic Investment Management Inc. now owns 3,459 shares of the network technology company’s stock worth $543,000 after acquiring an additional 925 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of F5 Networks by 1.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 82,935 shares of the network technology company’s stock worth $13,015,000 after acquiring an additional 1,140 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of F5 Networks by 1.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 6,354 shares of the network technology company’s stock worth $997,000 after acquiring an additional 80 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in shares of F5 Networks by 0.9% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 33,791 shares of the network technology company’s stock worth $5,303,000 after acquiring an additional 300 shares during the last quarter. 94.15% of the stock is owned by institutional investors.

In other F5 Networks news, EVP Stephen Mcmillan sold 1,972 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $147.16, for a total value of $290,199.52. Following the transaction, the executive vice president now owns 5,455 shares in the company, valued at $802,757.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas Dean Fountain sold 1,393 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $138.94, for a total transaction of $193,543.42. Following the completion of the transaction, the executive vice president now owns 2,899 shares in the company, valued at approximately $402,787.06. The disclosure for this sale can be found here. Insiders sold 12,955 shares of company stock worth $1,821,889 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

A number of brokerages recently commented on FFIV. Evercore ISI began coverage on shares of F5 Networks in a research report on Wednesday. They issued an “inline” rating and a $140.00 target price on the stock. Piper Jaffray Companies upgraded shares of F5 Networks from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $161.00 to $166.00 in a research report on Monday. Morgan Stanley upgraded shares of F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 target price on the stock in a research report on Thursday, August 8th. Barclays began coverage on shares of F5 Networks in a research report on Wednesday, August 7th. They issued an “overweight” rating and a $160.00 target price on the stock. Finally, Craig Hallum began coverage on shares of F5 Networks in a research report on Tuesday. They issued a “buy” rating and a $168.00 target price on the stock. Four analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. F5 Networks presently has an average rating of “Hold” and an average price target of $162.99.

Shares of FFIV stock traded down $0.67 during mid-day trading on Friday, reaching $140.62. The stock had a trading volume of 11,320 shares, compared to its average volume of 632,715. The stock’s 50-day moving average price is $134.42 and its two-hundred day moving average price is $147.04. F5 Networks, Inc. has a 52-week low of $121.36 and a 52-week high of $199.71. The firm has a market capitalization of $8.51 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, July 24th. The network technology company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.06). F5 Networks had a net margin of 21.03% and a return on equity of 36.33%. The firm had revenue of $563.39 million during the quarter, compared to analysts’ expectations of $556.15 million. During the same quarter in the previous year, the firm posted $2.44 EPS. F5 Networks’s revenue was up 3.9% compared to the same quarter last year. Equities analysts forecast that F5 Networks, Inc. will post 8.22 earnings per share for the current year.

F5 Networks 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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