Alpha DNA Investment Management LLC Acquires New Shares in F5 Networks, Inc. (NASDAQ:FFIV)


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Alpha DNA Investment Management LLC purchased a new position in F5 Networks, Inc. (NASDAQ:FFIV) in the fourth quarter, Holdings Channel reports. The fund purchased 2,737 shares of the network technology company’s stock, valued at approximately $481,000.

Other large investors also recently made changes to their positions in the company. Mariner LLC bought a new stake in shares of F5 Networks in the 4th quarter valued at approximately $66,257,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of F5 Networks by 18.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 27,124 shares of the network technology company’s stock valued at $4,772,000 after purchasing an additional 4,296 shares in the last quarter. Te Ahumairangi Investment Management Ltd acquired a new stake in shares of F5 Networks in the third quarter valued at about $5,902,000. Donoghue Forlines LLC acquired a new stake in shares of F5 Networks in the fourth quarter valued at about $747,000. Finally, IFM Investors Pty Ltd increased its position in shares of F5 Networks by 24.3% in the fourth quarter. IFM Investors Pty Ltd now owns 6,160 shares of the network technology company’s stock valued at $1,084,000 after acquiring an additional 1,205 shares during the last quarter. 90.69% of the stock is owned by institutional investors.

In other news, CFO Francis J. Pelzer sold 600 shares of the stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $210.00, for a total transaction of $126,000.00. Following the completion of the sale, the chief financial officer now owns 12,689 shares in the company, valued at $2,664,690. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ana Maria White sold 258 shares of the stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $210.44, for a total transaction of $54,293.52. Following the sale, the executive vice president now owns 17,346 shares of the company’s stock, valued at approximately $3,650,292.24. The disclosure for this sale can be found here. Insiders have sold 18,194 shares of company stock worth $3,620,367 over the last 90 days. 0.34% of the stock is owned by insiders.

NASDAQ:FFIV opened at $210.90 on Thursday. F5 Networks, Inc. has a 12 month low of $116.79 and a 12 month high of $216.15. The stock has a 50 day moving average of $199.25 and a two-hundred day moving average of $172.17. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 0.17. The firm has a market cap of $13.00 billion, a P/E ratio of 42.01, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Monday, January 25th. The network technology company reported $2.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.45 by $0.14. F5 Networks had a return on equity of 19.72% and a net margin of 13.08%. The business had revenue of $625.90 million for the quarter, compared to analysts’ expectations of $624.01 million. During the same period in the previous year, the firm posted $2.55 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts forecast that F5 Networks, Inc. will post 7.16 earnings per share for the current year.

Several equities research analysts recently issued reports on FFIV shares. Royal Bank of Canada boosted their price target on F5 Networks from $182.00 to $200.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 27th. Cowen lifted their price target on F5 Networks from $223.00 to $255.00 and gave the stock an “outperform” rating in a research note on Monday, January 25th. Morgan Stanley boosted their target price on F5 Networks from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 27th. Barclays lifted their price target on F5 Networks from $212.00 to $235.00 and gave the company an “overweight” rating in a research report on Thursday, January 14th. Finally, Zacks Investment Research lowered F5 Networks from a “hold” rating to a “sell” rating and set a $206.00 price target on the stock. in a research report on Monday, February 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $195.78.

F5 Networks Company Profile

F5 Networks, Inc provides multi-cloud application services for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application services enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.

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Institutional Ownership by Quarter for F5 Networks (NASDAQ:FFIV)

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