Horizon Investments LLC Invests $217,000 in F5 Networks, Inc. (NASDAQ:FFIV)

Horizon Investments LLC bought a new position in shares of F5 Networks, Inc. (NASDAQ:FFIV) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,380 shares of the network technology company’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Capital Management Inc. boosted its stake in shares of F5 Networks by 0.3% in the fourth quarter. American Capital Management Inc. now owns 21,760 shares of the network technology company’s stock valued at $3,526,000 after purchasing an additional 70 shares during the period. LS Investment Advisors LLC raised its holdings in F5 Networks by 3.2% in the first quarter. LS Investment Advisors LLC now owns 2,402 shares of the network technology company’s stock valued at $377,000 after acquiring an additional 75 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in F5 Networks by 1.3% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 6,354 shares of the network technology company’s stock valued at $997,000 after acquiring an additional 80 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of F5 Networks by 2.3% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,776 shares of the network technology company’s stock worth $749,000 after purchasing an additional 107 shares during the period. Finally, Omnia Family Wealth LLC raised its holdings in shares of F5 Networks by 43.8% during the fourth quarter. Omnia Family Wealth LLC now owns 450 shares of the network technology company’s stock worth $73,000 after purchasing an additional 137 shares during the period. Institutional investors own 97.07% of the company’s stock.

A number of analysts have weighed in on FFIV shares. Goldman Sachs Group reissued a “hold” rating and set a $8.40 target price on shares of Deutsche Bank in a report on Monday, July 8th. Zacks Investment Research cut shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. ValuEngine cut shares of Xylem from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Finally, Nomura raised shares of F5 Networks from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $155.00 to $180.00 in a report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $167.68.

In related news, EVP Thomas Dean Fountain sold 1,017 shares of F5 Networks stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $151.58, for a total value of $154,156.86. Following the completion of the transaction, the executive vice president now directly owns 2,497 shares of the company’s stock, valued at $378,495.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kara Lynn Sprague sold 678 shares of F5 Networks stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $151.58, for a total value of $102,771.24. Following the completion of the transaction, the vice president now directly owns 6,531 shares of the company’s stock, valued at $989,968.98. The disclosure for this sale can be found here. Insiders have sold 10,168 shares of company stock worth $1,546,472 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

FFIV stock traded up $2.80 during midday trading on Friday, hitting $145.56. 482,143 shares of the company traded hands, compared to its average volume of 734,359. The firm’s 50 day simple moving average is $141.01. The company has a market cap of $8.69 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.98 and a beta of 1.04. F5 Networks, Inc. has a twelve month low of $131.53 and a twelve month high of $199.71.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, April 24th. The network technology company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.01. F5 Networks had a net margin of 22.91% and a return on equity of 39.13%. The business had revenue of $544.90 million for the quarter, compared to the consensus estimate of $547.03 million. During the same quarter last year, the company posted $2.31 earnings per share. F5 Networks’s quarterly revenue was up 2.2% on a year-over-year basis. Equities analysts forecast that F5 Networks, Inc. will post 8.59 EPS for the current year.

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

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