Janus Henderson Group PLC lessened its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 16.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 623,533 shares of the network technology company’s stock after selling 124,757 shares during the quarter. Janus Henderson Group PLC owned approximately 1.00% of F5 Networks worth $75,171,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of FFIV. Koch Industries Inc. purchased a new position in F5 Networks in the second quarter valued at $832,000. APG Asset Management N.V. increased its holdings in F5 Networks by 65.7% in the third quarter. APG Asset Management N.V. now owns 1,116,349 shares of the network technology company’s stock valued at $134,587,000 after buying an additional 442,600 shares during the last quarter. FMR LLC increased its holdings in F5 Networks by 30.7% in the second quarter. FMR LLC now owns 1,185,212 shares of the network technology company’s stock valued at $150,592,000 after buying an additional 278,682 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in F5 Networks by 24.4% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,401,720 shares of the network technology company’s stock valued at $168,991,000 after buying an additional 274,997 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its holdings in F5 Networks by 2,261.3% in the second quarter. Balyasny Asset Management LLC now owns 280,713 shares of the network technology company’s stock valued at $35,667,000 after buying an additional 268,825 shares during the last quarter. 95.19% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Edward Julian Eames sold 15,336 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $121.06, for a total transaction of $1,856,576.16. Following the completion of the sale, the executive vice president now owns 43,824 shares in the company, valued at $5,305,333.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Benjamin Gibson sold 932 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $119.52, for a total transaction of $111,392.64. Following the sale, the chief marketing officer now owns 1,651 shares of the company’s stock, valued at approximately $197,327.52. The disclosure for this sale can be found here. Insiders have sold 35,712 shares of company stock valued at $4,316,345 in the last quarter. Insiders own 0.26% of the company’s stock.
Several equities analysts recently commented on the company. Robert W. Baird reissued a “hold” rating and issued a $125.00 target price on shares of F5 Networks in a report on Wednesday, October 4th. Zacks Investment Research raised F5 Networks from a “sell” rating to a “hold” rating in a report on Monday, December 11th. Piper Jaffray Companies reissued a “hold” rating and issued a $121.00 target price on shares of F5 Networks in a report on Thursday, October 12th. Cowen reaffirmed a “buy” rating and set a $140.00 price objective on shares of F5 Networks in a report on Friday, October 27th. Finally, KeyCorp reaffirmed a “hold” rating on shares of F5 Networks in a report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $125.94.
F5 Networks, Inc. (NASDAQ FFIV) opened at $131.06 on Friday. The stock has a market capitalization of $8,330.00, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.08 and a beta of 1.06. F5 Networks, Inc. has a twelve month low of $114.63 and a twelve month high of $149.50.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, October 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.24. The company had revenue of $538.00 million for the quarter, compared to analyst estimates of $534.71 million. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 earnings per share. analysts predict that F5 Networks, Inc. will post 6.7 earnings per share for the current fiscal year.
F5 Networks announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the network technology company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
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F5 Networks Company 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.
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