O Shaughnessy Asset Management LLC Sells 456 Shares of F5 Networks, Inc. (FFIV)
O Shaughnessy Asset Management LLC lessened its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 4.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,579 shares of the network technology company’s stock after selling 456 shares during the period. O Shaughnessy Asset Management LLC’s holdings in F5 Networks were worth $1,499,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Intercontinental Wealth Advisors LLC bought a new stake in F5 Networks during the 4th quarter worth approximately $25,000. Lindbrook Capital LLC bought a new stake in F5 Networks during the 4th quarter worth approximately $26,000. Atlas Capital Advisors LLC raised its stake in F5 Networks by 306.5% during the 1st quarter. Atlas Capital Advisors LLC now owns 187 shares of the network technology company’s stock worth $29,000 after acquiring an additional 141 shares during the period. Rational Advisors LLC raised its stake in F5 Networks by 2,009.1% during the 4th quarter. Rational Advisors LLC now owns 232 shares of the network technology company’s stock worth $38,000 after acquiring an additional 221 shares during the period. Finally, Global Trust Asset Management LLC bought a new stake in F5 Networks during the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.
In other F5 Networks news, EVP Thomas Dean Fountain sold 188 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $143.61, for a total transaction of $26,998.68. Following the completion of the sale, the executive vice president now directly owns 1,729 shares of the company’s stock, valued at approximately $248,301.69. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Francis J. Pelzer sold 231 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $151.58, for a total transaction of $35,014.98. Following the sale, the chief financial officer now directly owns 902 shares of the company’s stock, valued at $136,725.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,168 shares of company stock valued at $1,546,472. Insiders own 0.22% of the company’s stock.
F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, April 24th. The network technology company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.01. F5 Networks had a net margin of 22.91% and a return on equity of 39.13%. The business had revenue of $544.90 million during the quarter, compared to analyst estimates of $547.03 million. During the same period last year, the firm posted $2.31 EPS. The company’s revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that F5 Networks, Inc. will post 8.59 earnings per share for the current year.
A number of research firms have commented on FFIV. Zacks Investment Research cut shares of F5 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. BidaskClub upgraded shares of F5 Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. ValuEngine cut shares of F5 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Piper Jaffray Companies upgraded shares of F5 Networks from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $157.00 to $163.00 in a research note on Friday, March 29th. Finally, Nomura upgraded shares of F5 Networks from a “neutral” rating to a “buy” rating and raised their target price for the stock from $155.00 to $180.00 in a research note on Monday, April 1st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. F5 Networks has an average rating of “Hold” and a consensus target price of $173.99.
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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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