F5 Networks, Inc. (NASDAQ:FFIV) Holdings Trimmed by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp trimmed its position in F5 Networks, Inc. (NASDAQ:FFIV) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 98,200 shares of the network technology company’s stock after selling 31,500 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.16% of F5 Networks worth $19,583,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Stone Ridge Asset Management LLC raised its position in shares of F5 Networks by 3.0% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 10,255 shares of the network technology company’s stock valued at $2,045,000 after buying an additional 300 shares during the period. Moody Aldrich Partners LLC purchased a new stake in shares of F5 Networks during the 2nd quarter valued at approximately $54,839,000. Cascade Investment Advisors Inc. raised its position in shares of F5 Networks by 5.5% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 6,270 shares of the network technology company’s stock valued at $1,250,000 after buying an additional 325 shares during the period. Providence Capital Advisors LLC raised its position in shares of F5 Networks by 3.6% during the 3rd quarter. Providence Capital Advisors LLC now owns 9,882 shares of the network technology company’s stock valued at $1,971,000 after buying an additional 341 shares during the period. Finally, OppenheimerFunds Inc. raised its position in shares of F5 Networks by 28.8% during the 2nd quarter. OppenheimerFunds Inc. now owns 1,804 shares of the network technology company’s stock valued at $311,000 after buying an additional 403 shares during the period. Institutional investors own 97.41% of the company’s stock.

Shares of NASDAQ:FFIV traded down $0.44 on Thursday, reaching $165.60. The company’s stock had a trading volume of 549,200 shares, compared to its average volume of 757,586. F5 Networks, Inc. has a 52-week low of $133.14 and a 52-week high of $199.71. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 1.89 and a beta of 0.89.

F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, October 24th. The network technology company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.27. F5 Networks had a net margin of 20.99% and a return on equity of 40.04%. The business had revenue of $562.71 million during the quarter, compared to analysts’ expectations of $560.72 million. On average, equities research analysts forecast that F5 Networks, Inc. will post 8.55 earnings per share for the current fiscal year.

In related news, Director Sandra E. Bergeron sold 8,900 shares of the stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $169.54, for a total transaction of $1,508,906.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $339,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ryan C. Kearny sold 8,226 shares of the stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $177.90, for a total transaction of $1,463,405.40. Following the transaction, the senior vice president now directly owns 14,139 shares of the company’s stock, valued at $2,515,328.10. The disclosure for this sale can be found here. Insiders have sold 48,012 shares of company stock valued at $8,473,168 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

Several equities analysts have commented on the stock. BidaskClub downgraded shares of F5 Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st. Zacks Investment Research downgraded shares of F5 Networks from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Credit Suisse Group reiterated a “buy” rating and set a $218.00 target price on shares of F5 Networks in a research note on Thursday, December 20th. Cowen boosted their target price on shares of F5 Networks from $186.00 to $196.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. Finally, MKM Partners boosted their target price on shares of F5 Networks to $190.00 and gave the stock a “neutral” rating in a research note on Friday, October 26th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $174.41.

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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.

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

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