Assetmark Inc. Makes New Investment in F5, Inc. (NASDAQ:FFIV)

Assetmark Inc. purchased a new position in shares of F5, Inc. (NASDAQ:FFIVGet Rating) during the third quarter, Holdings Channel reports. The institutional investor purchased 206 shares of the network technology company’s stock, valued at approximately $30,000.

Other institutional investors have also recently made changes to their positions in the company. Wipfli Financial Advisors LLC bought a new position in F5 during the 3rd quarter worth about $43,000. Larson Financial Group LLC lifted its position in shares of F5 by 568.0% in the 2nd quarter. Larson Financial Group LLC now owns 334 shares of the network technology company’s stock worth $51,000 after purchasing an additional 284 shares during the period. Alaska Permanent Fund Corp boosted its stake in shares of F5 by 434.8% during the third quarter. Alaska Permanent Fund Corp now owns 353 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 287 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in F5 by 108.2% during the third quarter. Janiczek Wealth Management LLC now owns 379 shares of the network technology company’s stock valued at $54,000 after buying an additional 197 shares during the period. Finally, CWM LLC raised its stake in F5 by 25.6% in the second quarter. CWM LLC now owns 387 shares of the network technology company’s stock worth $59,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 93.34% of the company’s stock.

Insider Buying and Selling

In other F5 news, EVP Chad Michael Whalen sold 2,493 shares of F5 stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $141.16, for a total transaction of $351,911.88. Following the completion of the sale, the executive vice president now directly owns 14,460 shares in the company, valued at approximately $2,041,173.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Chad Michael Whalen sold 2,493 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $141.16, for a total transaction of $351,911.88. Following the completion of the transaction, the executive vice president now directly owns 14,460 shares in the company, valued at $2,041,173.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 8,505 shares of the company’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $152.26, for a total transaction of $1,294,971.30. Following the completion of the sale, the chief executive officer now directly owns 113,335 shares in the company, valued at $17,256,387.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,521 shares of company stock worth $3,747,727. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore ISI dropped their target price on F5 to $155.00 in a research report on Thursday, October 20th. StockNews.com initiated coverage on shares of F5 in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Loop Capital decreased their price target on shares of F5 from $211.00 to $169.00 and set a “buy” rating for the company in a research report on Wednesday, January 18th. Morgan Stanley lifted their price objective on shares of F5 from $170.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 13th. Finally, Credit Suisse Group increased their target price on shares of F5 from $169.00 to $173.00 and gave the company a “neutral” rating in a research report on Wednesday, October 26th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and an average price target of $175.33.

F5 Price Performance

NASDAQ FFIV opened at $144.65 on Monday. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.87 and a beta of 1.09. The stock’s fifty day moving average price is $147.43 and its 200 day moving average price is $151.51. F5, Inc. has a 1 year low of $133.68 and a 1 year high of $229.85.

F5 (NASDAQ:FFIVGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The network technology company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.12. F5 had a return on equity of 17.67% and a net margin of 11.95%. The business had revenue of $700.03 million for the quarter, compared to the consensus estimate of $692.17 million. Research analysts expect that F5, Inc. will post 8.06 earnings per share for the current year.

F5 Company Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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