New Amsterdam Partners LLC NY decreased its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 5.5% during the third quarter, Holdings Channel reports. The firm owned 49,986 shares of the network technology company’s stock after selling 2,882 shares during the period. F5 Networks comprises about 1.4% of New Amsterdam Partners LLC NY’s investment portfolio, making the stock its 23rd largest position. New Amsterdam Partners LLC NY owned about 0.08% of F5 Networks worth $6,230,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the stock. Fiera Capital Corp purchased a new stake in shares of F5 Networks during the second quarter valued at $55,841,000. Seizert Capital Partners LLC purchased a new stake in shares of F5 Networks during the second quarter valued at $30,300,000. Nationwide Fund Advisors boosted its stake in shares of F5 Networks by 153.2% in the third quarter. Nationwide Fund Advisors now owns 213,121 shares of the network technology company’s stock valued at $26,563,000 after buying an additional 128,958 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of F5 Networks by 2,223.1% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 124,819 shares of the network technology company’s stock valued at $15,557,000 after buying an additional 119,446 shares during the last quarter. Finally, Todd Asset Management LLC boosted its stake in shares of F5 Networks by 30.4% in the second quarter. Todd Asset Management LLC now owns 489,780 shares of the network technology company’s stock valued at $55,757,000 after buying an additional 114,139 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of F5 Networks, Inc. (NASDAQ:FFIV) traded up 2.442% during midday trading on Friday, hitting $136.985. The company had a trading volume of 372,430 shares. The company has a 50-day moving average of $143.91 and a 200-day moving average of $130.67. The company has a market capitalization of $8.87 billion, a PE ratio of 24.722 and a beta of 1.39. F5 Networks, Inc. has a 12 month low of $86.03 and a 12 month high of $148.34.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, January 25th. The network technology company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. F5 Networks had a return on equity of 32.69% and a net margin of 18.32%. The firm had revenue of $516 million for the quarter, compared to analysts’ expectations of $517.97 million. During the same period in the prior year, the firm posted $1.73 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts predict that F5 Networks, Inc. will post $8.27 earnings per share for the current year.
FFIV has been the topic of several analyst reports. Nomura reissued a “reduce” rating and issued a $90.00 target price on shares of F5 Networks in a report on Friday, October 21st. Piper Jaffray Companies raised F5 Networks from a “neutral” rating to an “overweight” rating and upped their price target for the company from $125.00 to $141.00 in a report on Thursday, October 27th. Wunderlich upped their price target on F5 Networks from $110.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, October 27th. Jefferies Group LLC upped their price target on F5 Networks from $110.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, October 27th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $160.00 price target (up from $155.00) on shares of F5 Networks in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $126.56.
In other news, Director Alan Higginson sold 3,000 shares of the stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $137.49, for a total value of $412,470.00. Following the sale, the director now directly owns 13,310 shares in the company, valued at $1,829,991.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Edward Julian Eames sold 4,888 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $137.03, for a total value of $669,802.64. Following the completion of the sale, the chief operating officer now owns 27,839 shares in the company, valued at $3,814,778.17. The disclosure for this sale can be found here. Insiders have sold 20,994 shares of company stock worth $2,864,601 over the last 90 days. 0.28% of the stock is owned by insiders.
About F5 Networks
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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