Todays Report: Today, F5 Networks Inc. (FFIV) Position Decreased by Public Employees Retirement Association of Colorado

Today, F5 Networks Inc. (FFIV) Position Decreased by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its stake in shares of F5 Networks Inc. (NASDAQ:FFIV) by 2.1% during the third quarter, Holdings Channel reports. The firm owned 14,839 shares of the network technology company’s stock after selling 319 shares during the period. Public Employees Retirement Association of Colorado’s holdings in F5 Networks were worth $1,850,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FFIV. Reliance Trust Co. of Delaware increased its position in F5 Networks by 0.4% in the second quarter. Reliance Trust Co. of Delaware now owns 2,427 shares of the network technology company’s stock worth $276,000 after buying an additional 9 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in F5 Networks by 0.3% in the second quarter. Oppenheimer & Co. Inc. now owns 5,949 shares of the network technology company’s stock worth $677,000 after buying an additional 18 shares in the last quarter. Montag & Caldwell LLC increased its position in F5 Networks by 0.8% in the second quarter. Montag & Caldwell LLC now owns 4,026 shares of the network technology company’s stock worth $458,000 after buying an additional 30 shares in the last quarter. Capstone Asset Management Co. increased its position in F5 Networks by 0.6% in the third quarter. Capstone Asset Management Co. now owns 5,183 shares of the network technology company’s stock worth $646,000 after buying an additional 30 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in F5 Networks by 0.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,373 shares of the network technology company’s stock worth $611,000 after buying an additional 32 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.

Shares of F5 Networks Inc. (NASDAQ:FFIV) opened at 144.12 on Friday. F5 Networks Inc. has a 1-year low of $86.03 and a 1-year high of $144.28. The stock has a market cap of $9.41 billion, a P/E ratio of 26.79 and a beta of 1.38. The firm’s 50-day moving average price is $131.40 and its 200 day moving average price is $121.59.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, October 26th. The network technology company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.17. The business had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $520.45 million. F5 Networks had a return on equity of 31.79% and a net margin of 18.34%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $1.84 earnings per share. On average, equities analysts expect that F5 Networks Inc. will post $8.26 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. Oppenheimer Holdings Inc. set a $157.00 price objective on F5 Networks and gave the stock a “buy” rating in a research note on Saturday, November 19th. Nomura raised F5 Networks from a “reduce” rating to a “neutral” rating and raised their price objective for the stock from $115.00 to $130.00 in a research note on Wednesday, November 9th. DA Davidson raised their price objective on F5 Networks from $125.34 to $145.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Wunderlich raised their price objective on F5 Networks from $110.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, October 27th. Finally, Piper Jaffray Cos. raised F5 Networks from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $125.00 to $141.00 in a research note on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and seventeen have given a buy rating to the company’s stock. F5 Networks has a consensus rating of “Hold” and an average price target of $121.32.

In other news, EVP Scot Frazier Rogers sold 1,660 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $136.98, for a total value of $227,386.80. Following the sale, the executive vice president now directly owns 7,350 shares in the company, valued at $1,006,803. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan Higginson sold 3,000 shares of the stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $137.49, for a total value of $412,470.00. Following the completion of the sale, the director now owns 13,310 shares in the company, valued at $1,829,991.90. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

About F5 Networks

F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.

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