WINTON GROUP Ltd lowered its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 96.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,831 shares of the network technology company’s stock after selling 136,916 shares during the quarter. WINTON GROUP Ltd’s holdings in F5 Networks were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of F5 Networks by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock worth $178,000 after buying an additional 21 shares during the period. Intrust Bank NA grew its position in shares of F5 Networks by 1.1% during the second quarter. Intrust Bank NA now owns 4,590 shares of the network technology company’s stock worth $584,000 after purchasing an additional 50 shares in the last quarter. Synovus Financial Corp grew its position in shares of F5 Networks by 4.5% during the second quarter. Synovus Financial Corp now owns 1,851 shares of the network technology company’s stock worth $241,000 after purchasing an additional 79 shares in the last quarter. MAI Capital Management grew its position in shares of F5 Networks by 1.2% during the second quarter. MAI Capital Management now owns 6,906 shares of the network technology company’s stock worth $877,000 after purchasing an additional 80 shares in the last quarter. Finally, Sigma Investment Counselors Inc. grew its position in shares of F5 Networks by 0.5% during the second quarter. Sigma Investment Counselors Inc. now owns 17,355 shares of the network technology company’s stock worth $2,205,000 after purchasing an additional 87 shares in the last quarter. 95.19% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on FFIV shares. Jefferies Group reiterated a “hold” rating and set a $124.00 target price on shares of F5 Networks in a research report on Thursday, August 31st. Oppenheimer reiterated a “hold” rating on shares of F5 Networks in a research report on Tuesday, September 12th. Needham & Company LLC reiterated a “hold” rating on shares of F5 Networks in a research report on Tuesday, September 12th. Zacks Investment Research upgraded F5 Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Standpoint Research started coverage on F5 Networks in a research report on Monday, October 2nd. They set an “accumulate” rating and a $160.00 target price for the company. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $125.94.

F5 Networks, Inc. (NASDAQ:FFIV) opened at $131.83 on Friday. The firm has a market capitalization of $8,299.90, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. F5 Networks, Inc. has a 1-year low of $114.63 and a 1-year high of $149.50.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, October 25th. The network technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.24. The business had revenue of $538.00 million during the quarter, compared to analysts’ expectations of $534.71 million. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.11 EPS. analysts forecast that F5 Networks, Inc. will post 6.7 earnings per share for the current year.

F5 Networks declared that its Board of Directors has approved a share buyback program on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the network technology company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

In other news, CMO Benjamin Gibson sold 932 shares of F5 Networks stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $119.52, for a total value of $111,392.64. Following the completion of the transaction, the chief marketing officer now owns 1,651 shares in the company, valued at approximately $197,327.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Edward Julian Eames sold 15,489 shares of F5 Networks stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $120.84, for a total value of $1,871,690.76. Following the completion of the transaction, the chief operating officer now owns 21,587 shares of the company’s stock, valued at approximately $2,608,573.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,712 shares of company stock valued at $4,316,345. Company insiders own 0.26% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “WINTON GROUP Ltd Sells 136,916 Shares of F5 Networks, Inc. (FFIV)” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/winton-group-ltd-sells-136916-shares-of-f5-networks-inc-ffiv/1750814.html.

F5 Networks Profile

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.

Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

Receive News & Ratings for F5 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.