Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 3,203 Shares of F5 Networks, Inc. (FFIV)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 20.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,510 shares of the network technology company’s stock after buying an additional 3,203 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in F5 Networks were worth $2,905,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FFIV. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of F5 Networks by 7.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,682 shares of the network technology company’s stock worth $1,519,000 after buying an additional 651 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of F5 Networks by 182.6% in the first quarter. Daiwa Securities Group Inc. now owns 6,406 shares of the network technology company’s stock worth $1,004,000 after buying an additional 4,139 shares in the last quarter. World Asset Management Inc lifted its holdings in shares of F5 Networks by 5.5% in the first quarter. World Asset Management Inc now owns 4,427 shares of the network technology company’s stock worth $695,000 after buying an additional 229 shares in the last quarter. Inlet Private Wealth LLC lifted its holdings in shares of F5 Networks by 42.0% in the first quarter. Inlet Private Wealth LLC now owns 15,225 shares of the network technology company’s stock worth $2,389,000 after buying an additional 4,500 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of F5 Networks by 6.7% in the first quarter. Bank of Montreal Can now owns 1,461,116 shares of the network technology company’s stock worth $229,293,000 after buying an additional 92,149 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of F5 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. BidaskClub raised shares of F5 Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Piper Jaffray Companies raised shares of F5 Networks from an “underweight” rating to a “neutral” rating and raised their target price for the company from $157.00 to $163.00 in a research note on Friday, March 29th. ValuEngine downgraded shares of F5 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Finally, Nomura raised shares of F5 Networks from a “neutral” rating to a “buy” rating and raised their target price for the company from $155.00 to $180.00 in a research note on Monday, April 1st. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $173.99.

In related news, CFO Francis J. Pelzer sold 231 shares of F5 Networks stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $151.58, for a total value of $35,014.98. Following the sale, the chief financial officer now owns 902 shares in the company, valued at $136,725.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas Dean Fountain sold 188 shares of F5 Networks stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $143.61, for a total transaction of $26,998.68. Following the completion of the sale, the executive vice president now owns 1,729 shares in the company, valued at approximately $248,301.69. The disclosure for this sale can be found here. Insiders sold 10,098 shares of company stock worth $1,536,823 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Shares of FFIV stock traded up $0.79 during trading hours on Wednesday, hitting $137.43. 468,491 shares of the company’s stock were exchanged, compared to its average volume of 678,612. F5 Networks, Inc. has a 12-month low of $135.04 and a 12-month high of $199.71. The company has a market capitalization of $8.08 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, April 24th. The network technology company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.01. F5 Networks had a net margin of 22.91% and a return on equity of 39.13%. The firm had revenue of $544.90 million for the quarter, compared to analysts’ expectations of $547.03 million. During the same quarter last year, the business earned $2.31 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that F5 Networks, Inc. will post 8.59 EPS for the current fiscal year.

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About F5 Networks

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

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