Nomura Asset Management Co. Ltd. lowered its holdings in F5 Networks, Inc. (NASDAQ:FFIV) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,250 shares of the network technology company’s stock after selling 422 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in F5 Networks were worth $1,213,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation increased its position in shares of F5 Networks by 16,733.3% in the third quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock worth $122,000 after acquiring an additional 1,004 shares in the last quarter. Wealthstreet Investment Advisors LLC acquired a new stake in shares of F5 Networks in the fourth quarter worth $236,000. Cadence Capital Management LLC acquired a new stake in shares of F5 Networks in the third quarter worth $241,000. Sowell Financial Services LLC acquired a new stake in shares of F5 Networks in the fourth quarter worth $276,000. Finally, Penserra Capital Management LLC increased its position in shares of F5 Networks by 18.6% in the fourth quarter. Penserra Capital Management LLC now owns 2,380 shares of the network technology company’s stock worth $312,000 after acquiring an additional 374 shares in the last quarter. 94.34% of the stock is owned by institutional investors.
In other F5 Networks news, EVP Scot Frazier Rogers sold 2,738 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $144.83, for a total transaction of $396,544.54. Following the transaction, the executive vice president now directly owns 9,072 shares in the company, valued at approximately $1,313,897.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Reinland sold 12,963 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $148.01, for a total transaction of $1,918,653.63. Following the transaction, the chief financial officer now owns 515 shares in the company, valued at $76,225.15. The disclosure for this sale can be found here. Insiders have sold a total of 50,172 shares of company stock worth $7,274,542 over the last quarter. 0.26% of the stock is currently owned by insiders.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, January 24th. The network technology company reported $2.26 EPS for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.21. F5 Networks had a net margin of 19.79% and a return on equity of 35.98%. The firm had revenue of $523.20 million for the quarter, compared to the consensus estimate of $521.07 million. During the same period in the prior year, the firm posted $1.98 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts expect that F5 Networks, Inc. will post 7.32 EPS for the current year.
FFIV has been the subject of several recent research reports. Oppenheimer reissued a “hold” rating on shares of F5 Networks in a research report on Thursday, January 25th. MKM Partners increased their price objective on shares of F5 Networks from $133.00 to $156.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. BidaskClub raised shares of F5 Networks from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. ValuEngine lowered shares of F5 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, March 10th. Finally, BMO Capital Markets raised their price target on shares of F5 Networks from $156.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the stock. F5 Networks currently has a consensus rating of “Hold” and a consensus target price of $140.55.
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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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