ETF Managers Group LLC acquired a new position in F5 Networks, Inc. (NASDAQ:FFIV) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 135,041 shares of the network technology company’s stock, valued at approximately $17,201,000. F5 Networks makes up 1.5% of ETF Managers Group LLC’s investment portfolio, making the stock its 28th biggest position. ETF Managers Group LLC owned about 0.21% of F5 Networks at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of FFIV. Investec Asset Management LTD increased its stake in shares of F5 Networks by 33.5% in the 2nd quarter. Investec Asset Management LTD now owns 53,012 shares of the network technology company’s stock worth $6,736,000 after acquiring an additional 13,306 shares in the last quarter. State of Tennessee Treasury Department increased its stake in shares of F5 Networks by 6.5% in the 2nd quarter. State of Tennessee Treasury Department now owns 144,733 shares of the network technology company’s stock worth $18,390,000 after acquiring an additional 8,875 shares in the last quarter. Sei Investments Co. increased its stake in shares of F5 Networks by 2.6% in the 2nd quarter. Sei Investments Co. now owns 9,085 shares of the network technology company’s stock worth $1,154,000 after acquiring an additional 230 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of F5 Networks by 6.1% in the 1st quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock worth $243,000 after acquiring an additional 98 shares in the last quarter. Finally, Soros Fund Management LLC bought a new position in shares of F5 Networks in the 1st quarter worth about $385,000. Institutional investors and hedge funds own 96.50% of the company’s stock.
In other news, EVP Benjamin Gibson sold 3,262 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total value of $382,469.50. Following the completion of the transaction, the executive vice president now directly owns 815 shares of the company’s stock, valued at $95,558.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Edward Julian Eames sold 4,378 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $120.63, for a total value of $528,118.14. Following the completion of the transaction, the chief operating officer now owns 35,088 shares of the company’s stock, valued at $4,232,665.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,312 shares of company stock worth $2,675,607. 0.26% of the stock is owned by company insiders.
Shares of F5 Networks, Inc. (NASDAQ:FFIV) traded up 0.87% on Friday, hitting $116.70. The stock had a trading volume of 989,030 shares. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 19.38 and a beta of 1.14. The firm’s 50-day moving average is $117.96 and its 200-day moving average is $125.81. F5 Networks, Inc. has a one year low of $114.63 and a one year high of $149.50.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $2.03. The firm had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.81 earnings per share. On average, analysts expect that F5 Networks, Inc. will post $8.17 EPS for the current fiscal year.
Several analysts recently commented on FFIV shares. Zacks Investment Research raised shares of F5 Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Jefferies Group LLC reaffirmed a “hold” rating and set a $124.00 price target on shares of F5 Networks in a report on Thursday, August 31st. KeyCorp reaffirmed a “hold” rating on shares of F5 Networks in a report on Wednesday. Piper Jaffray Companies downgraded shares of F5 Networks from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $144.00 to $136.00 in a report on Friday, July 14th. Finally, Robert W. Baird reissued a “hold” rating and issued a $125.00 price objective on shares of F5 Networks in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. F5 Networks currently has an average rating of “Hold” and an average target price of $128.94.
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.