Captrust Financial Advisors Decreases Position in F5 Networks, Inc. (FFIV)
Captrust Financial Advisors cut its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 40.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 880 shares of the network technology company’s stock after selling 610 shares during the quarter. Captrust Financial Advisors’ holdings in F5 Networks were worth $143,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in FFIV. AQR Capital Management LLC lifted its holdings in F5 Networks by 66.2% in the third quarter. AQR Capital Management LLC now owns 1,806,836 shares of the network technology company’s stock valued at $360,319,000 after acquiring an additional 719,638 shares during the period. Janus Henderson Group PLC lifted its holdings in F5 Networks by 285.4% in the third quarter. Janus Henderson Group PLC now owns 572,454 shares of the network technology company’s stock valued at $114,159,000 after acquiring an additional 423,915 shares during the period. Sadoff Investment Management LLC acquired a new position in F5 Networks in the fourth quarter valued at approximately $36,641,000. BlackRock Inc. lifted its holdings in F5 Networks by 4.2% in the fourth quarter. BlackRock Inc. now owns 5,373,816 shares of the network technology company’s stock valued at $870,719,000 after acquiring an additional 216,957 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in F5 Networks by 11.7% in the third quarter. Renaissance Technologies LLC now owns 2,019,774 shares of the network technology company’s stock valued at $402,783,000 after acquiring an additional 211,800 shares during the period. 97.15% of the stock is owned by institutional investors.
F5 Networks stock opened at $153.69 on Friday. The company has a market capitalization of $9.14 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.92 and a beta of 0.94. F5 Networks, Inc. has a 12 month low of $138.67 and a 12 month high of $199.71.
In other news, CEO Francois Locoh-Donou sold 4,036 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $159.50, for a total value of $643,742.00. Following the completion of the sale, the chief executive officer now directly owns 29,639 shares in the company, valued at $4,727,420.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 545 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $171.60, for a total value of $93,522.00. Following the sale, the executive vice president now owns 763 shares of the company’s stock, valued at $130,930.80. The disclosure for this sale can be found here. Insiders sold 14,469 shares of company stock valued at $2,339,402 over the last 90 days. Company insiders own 0.22% of the company’s stock.
A number of brokerages have issued reports on FFIV. Piper Jaffray Companies reissued an “underweight” rating and issued a $157.00 price target on shares of F5 Networks in a report on Thursday, January 24th. Nomura decreased their price target on F5 Networks to $155.00 and set a “neutral” rating for the company in a report on Thursday, January 24th. Credit Suisse Group reissued a “buy” rating and issued a $218.00 price target on shares of F5 Networks in a report on Wednesday, January 16th. BidaskClub raised F5 Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Finally, DA Davidson decreased their price target on F5 Networks to $170.00 and set a “neutral” rating for the company in a report on Wednesday. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. F5 Networks has a consensus rating of “Hold” and a consensus price target of $169.05.
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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