Inlet Private Wealth LLC Increases Stake in F5 Networks, Inc. (NASDAQ:FFIV)

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Inlet Private Wealth LLC raised its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,405 shares of the network technology company’s stock after buying an additional 1,050 shares during the quarter. F5 Networks comprises approximately 1.1% of Inlet Private Wealth LLC’s holdings, making the stock its 29th largest position. Inlet Private Wealth LLC’s holdings in F5 Networks were worth $2,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FFIV. Cleararc Capital Inc. purchased a new position in F5 Networks during the 1st quarter worth approximately $224,000. Horizon Investments LLC purchased a new stake in shares of F5 Networks in the first quarter valued at $217,000. FMR LLC grew its position in shares of F5 Networks by 5.6% in the first quarter. FMR LLC now owns 1,200,441 shares of the network technology company’s stock valued at $188,386,000 after purchasing an additional 63,919 shares during the period. Amundi Pioneer Asset Management Inc. grew its position in shares of F5 Networks by 14.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 86,404 shares of the network technology company’s stock valued at $13,558,000 after purchasing an additional 10,716 shares during the period. Finally, Swedbank grew its position in shares of F5 Networks by 4.9% in the second quarter. Swedbank now owns 935,933 shares of the network technology company’s stock valued at $136,300,000 after purchasing an additional 43,739 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Shares of FFIV traded up $0.48 during midday trading on Friday, reaching $136.88. 43,376 shares of the company were exchanged, compared to its average volume of 523,757. The stock has a 50-day moving average price of $135.01 and a 200-day moving average price of $143.12. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.88 and a beta of 1.06. F5 Networks, Inc. has a 1-year low of $121.36 and a 1-year high of $190.08.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, July 24th. The network technology company reported $1.98 EPS for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.06). The company had revenue of $563.39 million for the quarter, compared to analyst estimates of $556.15 million. F5 Networks had a return on equity of 36.33% and a net margin of 21.03%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.44 EPS. Analysts anticipate that F5 Networks, Inc. will post 8.22 EPS for the current year.

In related news, Director Alan Higginson sold 1,688 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $132.90, for a total value of $224,335.20. Following the transaction, the director now owns 9,840 shares in the company, valued at $1,307,736. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 4,037 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $142.72, for a total value of $576,160.64. Following the completion of the transaction, the chief executive officer now owns 38,113 shares in the company, valued at approximately $5,439,487.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,533 shares of company stock worth $2,185,412. 0.22% of the stock is currently owned by insiders.

A number of equities research analysts have recently commented on FFIV shares. Morgan Stanley raised F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 price objective for the company in a research report on Thursday, August 8th. BidaskClub cut F5 Networks from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Barclays began coverage on F5 Networks in a report on Wednesday, August 7th. They issued an “overweight” rating and a $160.00 target price on the stock. Goldman Sachs Group cut F5 Networks from a “neutral” rating to a “sell” rating and reduced their target price for the company from $165.00 to $120.00 in a report on Monday, July 8th. Finally, Credit Suisse Group lifted their target price on F5 Networks from $188.00 to $191.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $162.99.

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

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