Handelsinvest Investeringsforvaltning Buys New Position in F5, Inc. (NASDAQ:FFIV)

Handelsinvest Investeringsforvaltning bought a new stake in F5, Inc. (NASDAQ:FFIVFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,151 shares of the network technology company’s stock, valued at approximately $385,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of F5 by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,830,286 shares of the network technology company’s stock worth $1,427,188,000 after purchasing an additional 96,873 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of F5 by 6.5% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,959,643 shares of the network technology company’s stock worth $871,657,000 after purchasing an additional 361,113 shares during the last quarter. BlackRock Inc. increased its position in shares of F5 by 2.9% during the 1st quarter. BlackRock Inc. now owns 5,846,893 shares of the network technology company’s stock worth $851,834,000 after purchasing an additional 163,465 shares during the last quarter. State Street Corp increased its position in shares of F5 by 4.7% during the 2nd quarter. State Street Corp now owns 3,015,128 shares of the network technology company’s stock worth $440,993,000 after purchasing an additional 134,644 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of F5 by 13.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock worth $292,001,000 after purchasing an additional 212,784 shares during the last quarter. Institutional investors and hedge funds own 89.89% of the company’s stock.

Insider Transactions at F5

In other news, CEO Francois Locoh-Donou sold 6,400 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $188.02, for a total transaction of $1,203,328.00. Following the completion of the transaction, the chief executive officer now owns 123,251 shares of the company’s stock, valued at approximately $23,173,653.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $182.31, for a total value of $91,155.00. Following the completion of the transaction, the chief financial officer now owns 32,290 shares of the company’s stock, valued at approximately $5,886,789.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 6,400 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $188.02, for a total value of $1,203,328.00. Following the completion of the transaction, the chief executive officer now directly owns 123,251 shares of the company’s stock, valued at approximately $23,173,653.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,251 shares of company stock valued at $1,540,312. Corporate insiders own 0.58% of the company’s stock.

F5 Stock Performance

NASDAQ:FFIV opened at $189.53 on Thursday. The stock has a fifty day moving average price of $185.19 and a 200-day moving average price of $171.25. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.78 and a beta of 1.10. F5, Inc. has a fifty-two week low of $127.05 and a fifty-two week high of $199.49.

F5 (NASDAQ:FFIVGet Free Report) last posted its quarterly earnings results on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.39. F5 had a return on equity of 20.81% and a net margin of 16.43%. The company had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $684.77 million. During the same quarter in the previous year, the firm earned $1.65 EPS. F5’s revenue was down 1.0% on a year-over-year basis. Research analysts predict that F5, Inc. will post 9.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FFIV has been the topic of several recent analyst reports. Piper Sandler boosted their price target on F5 from $170.00 to $187.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group boosted their target price on F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $204.00 target price on shares of F5 in a report on Friday, February 9th. KeyCorp boosted their target price on F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 target price on shares of F5 in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, F5 has a consensus rating of “Hold” and an average target price of $185.00.

Read Our Latest Stock Report on FFIV

F5 Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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