Voya Investment Management LLC lowered its stake in shares of F5 Networks, Inc. (NASDAQ:FFIV) by 7.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 34,781 shares of the network technology company’s stock after selling 2,897 shares during the period. Voya Investment Management LLC owned about 0.06% of F5 Networks worth $5,998,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FFIV. Piedmont Investment Advisors LLC purchased a new position in shares of F5 Networks during the 2nd quarter valued at about $119,000. Atlantic Trust Group LLC raised its stake in shares of 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 valued at $188,000 after buying an additional 452 shares during the last quarter. Ostrum Asset Management purchased a new position in shares of F5 Networks during the 1st quarter valued at about $196,000. MANA Advisors LLC purchased a new position in shares of F5 Networks in the 1st quarter valued at about $202,000. Finally, TLP Group LLC increased its stake in shares of F5 Networks by 4,900.0% in the 1st quarter. TLP Group LLC now owns 1,400 shares of the network technology company’s stock valued at $202,000 after purchasing an additional 1,372 shares in the last quarter. Institutional investors and hedge funds own 99.99% of the company’s stock.
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 stock has a market capitalization of $11.84 billion, a P/E ratio of 25.50, a PEG ratio of 2.77 and a beta of 0.77.
In related news, Director Jonathan Chadwick sold 2,540 shares of F5 Networks stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $170.64, for a total value of $433,425.60. Following the sale, the director now directly owns 7,969 shares in the company, valued at approximately $1,359,830.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael L. Dreyer sold 5,679 shares of F5 Networks stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $183.03, for a total value of $1,039,427.37. Following the completion of the sale, the director now owns 5,679 shares in the company, valued at $1,039,427.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,327 shares of company stock worth $3,026,072. 0.30% of the stock is currently owned by insiders.
FFIV has been the subject of several recent analyst reports. Standpoint Research lowered F5 Networks from a “buy” rating to a “hold” rating and set a $160.00 price target for the company. in a research note on Monday, June 18th. Credit Suisse Group lifted their price target on F5 Networks from $188.00 to $216.00 and gave the company an “outperform” rating in a research note on Wednesday, September 5th. Morgan Stanley lowered F5 Networks from an “equal weight” rating to an “underweight” rating and set a $130.00 price target for the company. in a research note on Thursday, July 19th. Bank of America lifted their price target on F5 Networks from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, June 11th. Finally, BidaskClub lowered F5 Networks from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $166.16.
F5 Networks 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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