Oak Associates Ltd. OH lessened its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 10.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,390 shares of the network technology company’s stock after selling 1,235 shares during the quarter. Oak Associates Ltd. OH’s holdings in F5 Networks were worth $1,631,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Synovus Financial Corp boosted its stake in F5 Networks by 12.9% in the 1st quarter. Synovus Financial Corp now owns 2,024 shares of the network technology company’s stock worth $314,000 after buying an additional 231 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in F5 Networks by 5.5% in the 1st quarter. Wesbanco Bank Inc. now owns 6,801 shares of the network technology company’s stock worth $1,067,000 after buying an additional 356 shares during the last quarter. Taylor Hoffman Wealth Management boosted its stake in F5 Networks by 36,864.3% in the 1st quarter. Taylor Hoffman Wealth Management now owns 5,175 shares of the network technology company’s stock worth $812,000 after buying an additional 5,161 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in F5 Networks by 0.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 182,129 shares of the network technology company’s stock worth $28,582,000 after buying an additional 1,313 shares during the last quarter. Finally, Shell Asset Management Co. boosted its stake in F5 Networks by 0.4% in the 1st quarter. Shell Asset Management Co. now owns 54,754 shares of the network technology company’s stock worth $8,593,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.
FFIV has been the topic of a number of research analyst reports. Zacks Investment Research raised F5 Networks from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research note on Tuesday, January 29th. BidaskClub raised F5 Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. ValuEngine lowered F5 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. William Blair reissued a “market perform” rating on shares of F5 Networks in a research note on Tuesday, March 12th. Finally, Deutsche Bank decreased their price target on F5 Networks from $115.00 to $110.00 and set a “sell” rating on the stock in a research note on Tuesday, March 12th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $173.99.
In other news, EVP Thomas Dean Fountain sold 188 shares of F5 Networks stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $143.61, for a total value of $26,998.68. Following the transaction, the executive vice president now directly owns 1,729 shares of the company’s stock, valued at approximately $248,301.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kara Lynn Sprague sold 678 shares of F5 Networks stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $151.58, for a total value of $102,771.24. Following the completion of the transaction, the vice president now directly owns 6,531 shares in the company, valued at $989,968.98. The disclosure for this sale can be found here. Insiders sold a total of 10,643 shares of company stock worth $1,630,345 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.
NASDAQ FFIV opened at $136.94 on Friday. The stock has a market capitalization of $8.17 billion, a PE ratio of 17.12, a PEG ratio of 1.83 and a beta of 0.91. F5 Networks, Inc. has a 1-year low of $135.79 and a 1-year high of $199.71.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, April 24th. The network technology company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.01. The business had revenue of $544.90 million for the quarter, compared to analyst estimates of $547.03 million. F5 Networks had a return on equity of 39.13% and a net margin of 22.91%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.31 EPS. Sell-side analysts anticipate that F5 Networks, Inc. will post 8.59 earnings per share for the current fiscal year.
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F5 Networks Company 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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