Diversified Trust Co acquired a new stake in F5, Inc. (NASDAQ:FFIV – Get Rating) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,759 shares of the network technology company’s stock, valued at approximately $548,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in F5 by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 402,137 shares of the network technology company’s stock valued at $58,205,000 after purchasing an additional 6,354 shares during the last quarter. LPL Financial LLC increased its holdings in shares of F5 by 17.5% in the fourth quarter. LPL Financial LLC now owns 14,670 shares of the network technology company’s stock worth $2,093,000 after acquiring an additional 2,188 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new stake in shares of F5 in the fourth quarter worth about $1,102,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of F5 by 25.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,801 shares of the network technology company’s stock worth $258,000 after acquiring an additional 364 shares in the last quarter. Finally, Aigen Investment Management LP increased its holdings in shares of F5 by 64.4% in the fourth quarter. Aigen Investment Management LP now owns 10,683 shares of the network technology company’s stock worth $1,533,000 after acquiring an additional 4,186 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.
Analyst Upgrades and Downgrades
FFIV has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $175.00 price target on shares of F5 in a report on Thursday, April 20th. Bank of America increased their price target on F5 from $145.00 to $155.00 in a report on Friday, June 9th. Credit Suisse Group lowered their price target on F5 from $166.00 to $155.00 and set a “neutral” rating for the company in a report on Thursday, April 20th. Barclays downgraded F5 from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $166.00 to $140.00 in a report on Thursday, April 20th. Finally, TD Cowen decreased their price objective on F5 from $177.00 to $170.00 and set an “outperform” rating for the company in a report on Thursday, April 20th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, F5 currently has an average rating of “Hold” and an average target price of $165.13.
F5 Stock Down 0.5 %
FFIV opened at $144.86 on Friday. F5, Inc. has a 12-month low of $127.05 and a 12-month high of $174.38. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 2.20 and a beta of 1.08. The business has a 50 day moving average of $141.48 and a 200-day moving average of $143.69.
F5 (NASDAQ:FFIV – Get Rating) last released its quarterly earnings data on Wednesday, April 19th. The network technology company reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.11. F5 had a return on equity of 16.56% and a net margin of 11.74%. The company had revenue of $703.00 million during the quarter, compared to analysts’ expectations of $699.18 million. During the same period last year, the firm posted $1.30 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. As a group, analysts expect that F5, Inc. will post 7.79 earnings per share for the current year.
Insider Activity
In other news, Director Michael L. Dreyer sold 2,750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $143.19, for a total value of $393,772.50. Following the completion of the sale, the director now directly owns 5,347 shares of the company’s stock, valued at $765,636.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Thomas Dean Fountain sold 919 shares of F5 stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $133.02, for a total transaction of $122,245.38. Following the completion of the sale, the executive vice president now directly owns 11,490 shares of the company’s stock, valued at approximately $1,528,399.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael L. Dreyer sold 2,750 shares of F5 stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $143.19, for a total value of $393,772.50. Following the sale, the director now directly owns 5,347 shares of the company’s stock, valued at $765,636.93. The disclosure for this sale can be found here. Insiders sold a total of 13,712 shares of company stock valued at $1,920,101 over the last three months. Insiders own 0.60% of the company’s stock.
About F5
F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.