F5 Networks, Inc. (NASDAQ:FFIV) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its holdings in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 16.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 858,093 shares of the network technology company’s stock after selling 164,731 shares during the period. Alliancebernstein L.P. owned approximately 1.42% of F5 Networks worth $170,572,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. NEXT Financial Group Inc raised its holdings in F5 Networks by 64.4% during the third quarter. NEXT Financial Group Inc now owns 148 shares of the network technology company’s stock worth $30,000 after purchasing an additional 58 shares in the last quarter. Berman Capital Advisors LLC increased its holdings in shares of F5 Networks by 41.9% in the third quarter. Berman Capital Advisors LLC now owns 176 shares of the network technology company’s stock valued at $34,000 after buying an additional 52 shares in the last quarter. Carolinas Wealth Consulting LLC bought a new position in shares of F5 Networks in the second quarter valued at $37,000. Mascoma Wealth Management LLC bought a new position in shares of F5 Networks in the third quarter valued at $38,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of F5 Networks in the second quarter valued at $41,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

FFIV has been the topic of several research reports. Credit Suisse Group upped their price target on F5 Networks from $238.00 to $278.00 and gave the company an “outperform” rating in a report on Wednesday, October 27th. Morgan Stanley upped their price target on F5 Networks from $220.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 15th. Evercore ISI raised F5 Networks from an “in-line” rating to an “outperform” rating and upped their price target for the company from $240.00 to $275.00 in a report on Sunday, January 9th. Zacks Investment Research cut shares of F5 Networks from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a research report on Tuesday, September 28th. Finally, Needham & Company LLC lifted their price objective on shares of F5 Networks from $265.00 to $303.00 and gave the stock a “buy” rating in a research report on Tuesday, December 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $238.32.

F5 Networks stock opened at $236.13 on Friday. The company’s fifty day simple moving average is $233.15 and its 200-day simple moving average is $212.61. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.15. F5 Networks, Inc. has a 12 month low of $174.34 and a 12 month high of $249.00. The stock has a market cap of $14.46 billion, a P/E ratio of 43.97, a P/E/G ratio of 2.39 and a beta of 1.06.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Tuesday, October 26th. The network technology company reported $3.01 EPS for the quarter, beating the consensus estimate of $2.75 by $0.26. The business had revenue of $682.00 million for the quarter, compared to analysts’ expectations of $671.51 million. F5 Networks had a net margin of 12.72% and a return on equity of 20.89%. F5 Networks’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 EPS. On average, equities research analysts expect that F5 Networks, Inc. will post 8.38 earnings per share for the current fiscal year.

In other F5 Networks news, CEO Francois Locoh-Donou sold 1,204 shares of the business’s stock in a transaction on Monday, January 3rd. The shares were sold at an average price of $244.74, for a total transaction of $294,666.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ana Maria White sold 169 shares of the business’s stock in a transaction on Wednesday, December 1st. The stock was sold at an average price of $230.92, for a total transaction of $39,025.48. The disclosure for this sale can be found here. Insiders sold 40,698 shares of company stock valued at $9,062,576 over the last quarter. 0.46% of the stock is currently owned by corporate insiders.

F5 Networks Company Profile

F5, Inc engages development and provision of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company was founded on February 26, 1996 and is headquartered in Seattle, WA.

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

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