F5 Networks, Inc. (FFIV) Shares Sold by Dean Investment Associates LLC

Dean Investment Associates LLC cut its holdings in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 21,949 shares of the network technology company’s stock after selling 190 shares during the quarter. Dean Investment Associates LLC’s holdings in F5 Networks were worth $3,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intercontinental Wealth Advisors LLC purchased a new position in F5 Networks during the 4th quarter valued at about $25,000. Lindbrook Capital LLC purchased a new position in F5 Networks during the 4th quarter valued at about $26,000. Atlas Capital Advisors LLC boosted its holdings in F5 Networks by 306.5% during the 1st quarter. Atlas Capital Advisors LLC now owns 187 shares of the network technology company’s stock valued at $29,000 after acquiring an additional 141 shares during the period. Rational Advisors LLC boosted its holdings in F5 Networks by 2,009.1% during the 4th quarter. Rational Advisors LLC now owns 232 shares of the network technology company’s stock valued at $38,000 after acquiring an additional 221 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in F5 Networks during the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

FFIV stock opened at $140.31 on Thursday. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.83 and a beta of 0.91. F5 Networks, Inc. has a 1 year low of $138.03 and a 1 year high of $199.71.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, April 24th. The network technology company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.01. The company had revenue of $544.90 million for the quarter, compared to analyst estimates of $547.03 million. F5 Networks had a return on equity of 39.13% and a net margin of 22.91%. F5 Networks’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.31 EPS. Equities research analysts expect that F5 Networks, Inc. will post 8.59 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. ValuEngine cut F5 Networks from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. BidaskClub cut F5 Networks from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded F5 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Nomura upgraded F5 Networks from a “neutral” rating to a “buy” rating and raised their target price for the company from $155.00 to $180.00 in a report on Monday, April 1st. Finally, Piper Jaffray Companies upgraded F5 Networks from an “underweight” rating to a “neutral” rating and raised their target price for the company from $157.00 to $163.00 in a report on Friday, March 29th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $173.99.

In other F5 Networks news, EVP Thomas Dean Fountain sold 1,017 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $151.58, for a total value of $154,156.86. Following the sale, the executive vice president now owns 2,497 shares of the company’s stock, valued at approximately $378,495.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Francis J. Pelzer sold 231 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $151.58, for a total value of $35,014.98. Following the completion of the sale, the chief financial officer now directly owns 902 shares in the company, valued at approximately $136,725.16. The disclosure for this sale can be found here. Insiders sold a total of 10,555 shares of company stock worth $1,617,971 in the last ninety days. 0.22% of the stock is owned by corporate insiders.

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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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