Franklin Resources Inc. boosted its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,346 shares of the network technology company’s stock after buying an additional 724 shares during the period. Franklin Resources Inc. owned approximately 0.05% of F5 Networks worth $4,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Atria Investments LLC raised its holdings in F5 Networks by 5.2% in the 1st quarter. Atria Investments LLC now owns 6,290 shares of the network technology company’s stock valued at $910,000 after buying an additional 311 shares during the period. Verition Fund Management LLC raised its holdings in F5 Networks by 9.5% in the 4th quarter. Verition Fund Management LLC now owns 4,088 shares of the network technology company’s stock valued at $536,000 after buying an additional 353 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in F5 Networks by 20.7% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,115 shares of the network technology company’s stock valued at $306,000 after buying an additional 362 shares during the period. ING Groep NV raised its holdings in F5 Networks by 6.1% in the 1st quarter. ING Groep NV now owns 6,318 shares of the network technology company’s stock valued at $914,000 after buying an additional 366 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in F5 Networks by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 2,380 shares of the network technology company’s stock valued at $312,000 after buying an additional 374 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Shares of F5 Networks stock opened at $179.77 on Thursday. F5 Networks, Inc. has a one year low of $114.63 and a one year high of $180.92. The stock has a market cap of $10.81 billion, a PE ratio of 27.83, a P/E/G ratio of 2.56 and a beta of 1.07.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, April 25th. The network technology company reported $2.31 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.04. F5 Networks had a return on equity of 37.01% and a net margin of 20.43%. The business had revenue of $533.30 million during the quarter, compared to the consensus estimate of $529.95 million. During the same period in the previous year, the company posted $1.95 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. research analysts predict that F5 Networks, Inc. will post 7.46 EPS for the current year.

FFIV has been the topic of several research analyst reports. BidaskClub upgraded shares of F5 Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, March 2nd. ValuEngine lowered shares of F5 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th. Zacks Investment Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating and set a $164.00 price target on the stock in a research note on Tuesday, March 13th. William Blair upgraded shares of F5 Networks from a “market perform” rating to an “outperform” rating in a research note on Friday, April 13th. Finally, Nomura cut their price target on shares of F5 Networks to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 18th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. F5 Networks presently has a consensus rating of “Hold” and a consensus price target of $150.30.

In related news, CEO Francois Locoh-Donou sold 8,439 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $162.59, for a total value of $1,372,097.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Mcadam sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $176.60, for a total value of $1,766,000.00. Following the completion of the transaction, the director now directly owns 16,416 shares of the company’s stock, valued at $2,899,065.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,367 shares of company stock valued at $10,520,380. Corporate insiders own 0.30% of the company’s stock.

F5 Networks Company 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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