F5 Networks, Inc. (FFIV) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 14.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 349,194 shares of the network technology company’s stock after purchasing an additional 43,016 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.56% of F5 Networks worth $42,099,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FFIV. Municipal Employees Retirement System of Michigan lifted its holdings in shares of F5 Networks by 157.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,450 shares of the network technology company’s stock valued at $692,000 after buying an additional 3,330 shares during the period. Sei Investments Co. lifted its holdings in shares of F5 Networks by 2.6% in the 2nd quarter. Sei Investments Co. now owns 9,085 shares of the network technology company’s stock valued at $1,154,000 after buying an additional 230 shares during the period. IFP Advisors Inc lifted its holdings in shares of F5 Networks by 65.6% in the 2nd quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after buying an additional 380 shares during the period. Trexquant Investment LP acquired a new position in shares of F5 Networks in the 2nd quarter valued at about $496,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of F5 Networks by 16.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 121,325 shares of the network technology company’s stock valued at $15,416,000 after buying an additional 16,800 shares during the period. Institutional investors and hedge funds own 95.19% of the company’s stock.

In other F5 Networks news, COO Edward Julian Eames sold 15,489 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $120.84, for a total transaction of $1,871,690.76. Following the completion of the transaction, the chief operating officer now owns 21,587 shares of the company’s stock, valued at $2,608,573.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Benjamin Gibson sold 932 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $119.52, for a total value of $111,392.64. Following the transaction, the chief marketing officer now directly owns 1,651 shares of the company’s stock, valued at approximately $197,327.52. The disclosure for this sale can be found here. Insiders sold a total of 35,712 shares of company stock valued at $4,316,345 in the last ninety days. 0.26% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on FFIV shares. Standpoint Research started coverage on F5 Networks in a report on Monday, October 2nd. They issued an “accumulate” rating and a $160.00 price objective for the company. Drexel Hamilton reissued a “buy” rating and issued a $160.00 price objective on shares of F5 Networks in a report on Monday, October 23rd. Cowen reissued a “buy” rating and issued a $140.00 price objective on shares of F5 Networks in a report on Friday, October 27th. Morgan Stanley decreased their price objective on F5 Networks from $130.00 to $120.00 and set an “equal weight” rating for the company in a report on Monday, October 9th. Finally, Zacks Investment Research raised F5 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company’s stock. F5 Networks has a consensus rating of “Hold” and an average target price of $125.94.

F5 Networks, Inc. (NASDAQ:FFIV) opened at $131.83 on Friday. The firm has a market capitalization of $8,299.90, a PE ratio of 20.50, a P/E/G ratio of 2.11 and a beta of 1.06. F5 Networks, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $149.50.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, October 25th. The network technology company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.24. The company had revenue of $538.00 million during the quarter, compared to analysts’ expectations of $534.71 million. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. F5 Networks’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.11 EPS. research analysts predict that F5 Networks, Inc. will post 6.7 earnings per share for the current year.

F5 Networks declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the network technology company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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About F5 Networks

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.

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

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