Morgan Stanley Acquires 224,792 Shares of F5 Networks, Inc. (FFIV)

Morgan Stanley increased its holdings in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 100.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 449,061 shares of the network technology company’s stock after purchasing an additional 224,792 shares during the period. Morgan Stanley’s holdings in F5 Networks were worth $77,440,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new position in F5 Networks during the 2nd quarter worth approximately $119,000. Atlantic Trust Group LLC grew its holdings in F5 Networks by 53.2% during the 1st quarter. Atlantic Trust Group LLC now owns 1,302 shares of the network technology company’s stock worth $188,000 after acquiring an additional 452 shares in the last quarter. Ostrum Asset Management acquired a new position in F5 Networks during the 1st quarter worth approximately $196,000. MANA Advisors LLC acquired a new position in F5 Networks during the 1st quarter worth approximately $202,000. Finally, TLP Group LLC grew its holdings in F5 Networks by 4,900.0% during the 1st quarter. TLP Group LLC now owns 1,400 shares of the network technology company’s stock worth $202,000 after acquiring an additional 1,372 shares in the last quarter. 99.99% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Francois Locoh-Donou sold 3,332 shares of the company’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $168.99, for a total value of $563,074.68. Following the completion of the sale, the chief executive officer now owns 15,080 shares in the company, valued at approximately $2,548,369.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Scot Frazier Rogers sold 2,512 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $171.02, for a total transaction of $429,602.24. Following the completion of the sale, the executive vice president now owns 11,096 shares of the company’s stock, valued at approximately $1,897,637.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,327 shares of company stock valued at $3,026,072. 0.30% of the stock is owned by insiders.

Several research firms have commented on FFIV. BidaskClub upgraded shares of F5 Networks from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. Standpoint Research cut shares of F5 Networks from a “buy” rating to a “hold” rating and set a $160.00 target price for the company. in a report on Monday, June 18th. Piper Jaffray Companies restated a “hold” rating and issued a $168.00 target price on shares of F5 Networks in a report on Thursday, July 26th. BMO Capital Markets restated a “buy” rating and issued a $188.00 target price on shares of F5 Networks in a report on Thursday, July 26th. Finally, Credit Suisse Group set a $188.00 target price on shares of F5 Networks and gave the company a “buy” rating in a report on Wednesday, July 18th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $166.16.

FFIV stock opened at $195.41 on Tuesday. F5 Networks, Inc. has a 12 month low of $114.63 and a 12 month high of $196.49. The firm has a market capitalization of $11.84 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 2.77 and a beta of 0.77.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, July 25th. The network technology company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.39 by $0.05. F5 Networks had a net margin of 21.37% and a return on equity of 38.57%. The firm had revenue of $542.20 million during the quarter, compared to the consensus estimate of $540.59 million. During the same quarter in the prior year, the firm earned $2.03 EPS. F5 Networks’s revenue for the quarter was up 4.7% on a year-over-year basis. equities analysts forecast that F5 Networks, Inc. will post 7.64 earnings per share for the current year.

About F5 Networks

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.

See Also: Short Selling Stocks, A Beginner’s Guide

Want to see what other hedge funds are holding FFIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F5 Networks, Inc. (NASDAQ:FFIV).

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

Receive News & Ratings for F5 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply