Strategic Global Advisors LLC Boosts Stock Position in F5, Inc. (NASDAQ:FFIV)

Strategic Global Advisors LLC lifted its position in F5, Inc. (NASDAQ:FFIV) by 5.6% in the 4th quarter, HoldingsChannel reports. The firm owned 6,496 shares of the network technology company’s stock after purchasing an additional 343 shares during the quarter. Strategic Global Advisors LLC’s holdings in F5 were worth $1,634,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Siemens Fonds Invest GmbH boosted its position in F5 by 2,300.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 65,996 shares of the network technology company’s stock valued at $16,596,000 after buying an additional 63,247 shares during the last quarter. Sherbrooke Park Advisers LLC lifted its stake in F5 by 10.3% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 1,477 shares of the network technology company’s stock valued at $371,000 after acquiring an additional 138 shares during the period. Royal Bank of Canada boosted its holdings in shares of F5 by 143.5% in the 4th quarter. Royal Bank of Canada now owns 73,824 shares of the network technology company’s stock valued at $18,565,000 after acquiring an additional 43,507 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of F5 in the fourth quarter worth $334,000. Finally, Polar Capital Holdings Plc purchased a new position in shares of F5 during the fourth quarter worth $15,789,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the transaction, the executive vice president now owns 20,075 shares in the company, valued at approximately $5,885,588.50. This trade represents a 14.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Marianne Budnik sold 1,872 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the sale, the director now directly owns 1,207 shares of the company’s stock, valued at $314,689.04. The trade was a 60.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,305 shares of company stock worth $2,561,360. Insiders own 0.52% of the company’s stock.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $284.92 on Friday. The business’s 50 day moving average price is $264.83 and its 200-day moving average price is $266.10. F5, Inc. has a 1 year low of $164.45 and a 1 year high of $313.00. The firm has a market capitalization of $16.36 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.31. The business had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.91 earnings per share. On average, sell-side analysts expect that F5, Inc. will post 11.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of F5 in a report on Tuesday, April 29th. Piper Sandler boosted their price objective on F5 from $262.00 to $269.00 and gave the company a “neutral” rating in a report on Tuesday, April 29th. StockNews.com raised F5 from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Bank of America lifted their price target on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC restated a “buy” rating and issued a $320.00 price objective on shares of F5 in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, F5 has an average rating of “Hold” and an average price target of $282.56.

F5 Profile

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 distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.