Texas Permanent School Fund Has $2.72 Million Stake in F5 Networks, Inc. (FFIV)

Texas Permanent School Fund trimmed its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 8.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,653 shares of the network technology company’s stock after selling 1,261 shares during the period. Texas Permanent School Fund’s holdings in F5 Networks were worth $2,723,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Morgan Stanley increased its stake in F5 Networks by 100.2% in the 2nd quarter. Morgan Stanley now owns 449,061 shares of the network technology company’s stock worth $77,440,000 after buying an additional 224,792 shares in the last quarter. LSV Asset Management boosted its holdings in shares of F5 Networks by 4.4% during the 2nd quarter. LSV Asset Management now owns 854,194 shares of the network technology company’s stock valued at $147,305,000 after purchasing an additional 36,068 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of F5 Networks during the 2nd quarter valued at about $211,000. California Public Employees Retirement System boosted its holdings in shares of F5 Networks by 33.5% during the 2nd quarter. California Public Employees Retirement System now owns 235,282 shares of the network technology company’s stock valued at $40,574,000 after purchasing an additional 58,992 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of F5 Networks by 6.6% during the 2nd quarter. CIBC Asset Management Inc now owns 8,383 shares of the network technology company’s stock valued at $1,446,000 after purchasing an additional 518 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Shares of NASDAQ:FFIV opened at $180.29 on Friday. F5 Networks, Inc. has a 12 month low of $119.40 and a 12 month high of $199.71. The stock has a market capitalization of $10.96 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 2.14 and a beta of 0.95.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, October 24th. The network technology company reported $2.90 EPS for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.27. F5 Networks had a net margin of 20.99% and a return on equity of 40.04%. The firm had revenue of $562.71 million during the quarter, compared to the consensus estimate of $560.72 million. On average, research analysts expect that F5 Networks, Inc. will post 8.48 earnings per share for the current year.

Several research analysts have commented on FFIV shares. Zacks Investment Research raised shares of F5 Networks from a “hold” rating to a “buy” rating and set a $198.00 price objective for the company in a report on Wednesday, July 18th. Credit Suisse Group increased their price objective on shares of F5 Networks from $188.00 to $216.00 and gave the company an “outperform” rating in a report on Wednesday, September 5th. Piper Jaffray Companies downgraded shares of F5 Networks from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $168.00 to $180.00 in a report on Monday, October 1st. Morgan Stanley downgraded shares of F5 Networks from an “equal weight” rating to an “underweight” rating and set a $130.00 price objective for the company. in a report on Thursday, July 19th. Finally, BidaskClub downgraded shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 4th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $174.94.

In related news, Director Michael L. Dreyer sold 5,679 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $183.03, for a total value of $1,039,427.37. Following the completion of the transaction, the director now owns 5,679 shares of the company’s stock, valued at approximately $1,039,427.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 2,407 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $171.69, for a total transaction of $413,257.83. Following the completion of the transaction, the chief executive officer now directly owns 12,673 shares of the company’s stock, valued at approximately $2,175,827.37. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

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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