DnB Asset Management AS Buys 547 Shares of F5, Inc. (NASDAQ:FFIV)

DnB Asset Management AS raised its stake in shares of F5, Inc. (NASDAQ:FFIVGet Rating) by 4.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,012 shares of the network technology company’s stock after purchasing an additional 547 shares during the period. DnB Asset Management AS’s holdings in F5 were worth $1,838,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FFIV. J.W. Cole Advisors Inc. bought a new stake in F5 during the first quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new stake in F5 during the first quarter valued at approximately $31,000. NuWave Investment Management LLC bought a new stake in F5 during the first quarter valued at approximately $41,000. Kistler Tiffany Companies LLC lifted its holdings in shares of F5 by 86.4% in the 1st quarter. Kistler Tiffany Companies LLC now owns 205 shares of the network technology company’s stock worth $43,000 after acquiring an additional 95 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in shares of F5 by 1,104.8% in the 1st quarter. Clearstead Advisors LLC now owns 253 shares of the network technology company’s stock worth $53,000 after acquiring an additional 232 shares during the last quarter. 93.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FFIV shares. Barclays lowered their price objective on shares of F5 from $216.00 to $205.00 and set an “overweight” rating for the company in a report on Tuesday, July 26th. Credit Suisse Group upped their price target on shares of F5 from $167.00 to $171.00 and gave the company a “neutral” rating in a report on Tuesday, July 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $178.00 price target on shares of F5 in a report on Thursday, July 14th. Piper Sandler lowered shares of F5 from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $197.00 to $173.00 in a report on Wednesday, July 13th. Finally, Morgan Stanley lowered their price target on shares of F5 from $235.00 to $205.00 and set an “equal weight” rating for the company in a report on Wednesday, July 13th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, F5 has an average rating of “Hold” and a consensus price target of $211.38.

Insider Transactions at F5

In other F5 news, EVP Ana Maria White sold 170 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $152.62, for a total value of $25,945.40. Following the sale, the executive vice president now owns 29,979 shares of the company’s stock, valued at $4,575,394.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $171.95, for a total transaction of $85,975.00. Following the completion of the transaction, the chief financial officer now directly owns 19,236 shares of the company’s stock, valued at approximately $3,307,630.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ana Maria White sold 170 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $152.62, for a total transaction of $25,945.40. Following the sale, the executive vice president now owns 29,979 shares in the company, valued at approximately $4,575,394.98. The disclosure for this sale can be found here. Insiders have sold a total of 5,892 shares of company stock worth $988,147 in the last ninety days. Insiders own 0.31% of the company’s stock.

F5 Price Performance

FFIV opened at $146.25 on Thursday. F5, Inc. has a 1 year low of $142.43 and a 1 year high of $249.00. The business’s 50-day moving average is $160.78 and its two-hundred day moving average is $172.12. The firm has a market capitalization of $8.71 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 4.66 and a beta of 1.16.

F5 (NASDAQ:FFIVGet Rating) last posted its quarterly earnings results on Monday, July 25th. The network technology company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.34. The business had revenue of $674.49 million for the quarter, compared to the consensus estimate of $667.81 million. F5 had a return on equity of 19.06% and a net margin of 12.83%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.98 EPS. As a group, sell-side analysts expect that F5, Inc. will post 6.79 EPS for the current year.

About F5

(Get Rating)

F5, Inc provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. 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.

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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