F5, Inc. (NASDAQ:FFIV) Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC raised its holdings in F5, Inc. (NASDAQ:FFIV) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,372 shares of the network technology company’s stock after purchasing an additional 280 shares during the period. New York Life Investment Management LLC’s holdings in F5 were worth $2,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Commonwealth Equity Services LLC increased its position in shares of F5 by 3.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,981 shares of the network technology company’s stock worth $642,000 after purchasing an additional 139 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in F5 by 25.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,061 shares of the network technology company’s stock worth $332,000 after buying an additional 424 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of F5 by 15.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,040 shares of the network technology company’s stock worth $2,424,000 after acquiring an additional 2,054 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of F5 by 10.5% in the 3rd quarter. Mackenzie Financial Corp now owns 4,738 shares of the network technology company’s stock valued at $756,000 after acquiring an additional 450 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its position in shares of F5 by 4.6% during the 3rd quarter. IFM Investors Pty Ltd now owns 18,498 shares of the network technology company’s stock valued at $2,981,000 after acquiring an additional 810 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FFIV. Barclays lowered their target price on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of F5 in a report on Tuesday, April 30th. Royal Bank of Canada decreased their target price on F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 30th. KeyCorp increased their price target on F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Finally, Piper Sandler restated a “neutral” rating and set a $167.00 price objective (down from $187.00) on shares of F5 in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and an average target price of $185.10.

Insider Activity at F5

In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total value of $142,568.03. Following the completion of the sale, the executive vice president now directly owns 15,504 shares of the company’s stock, valued at approximately $2,597,385.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Francois Locoh-Donou sold 6,400 shares of F5 stock in a transaction on 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 transaction, the chief executive officer now directly owns 123,251 shares in the company, valued at approximately $23,173,653.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total value of $142,568.03. Following the sale, the executive vice president now directly owns 15,504 shares in the company, valued at $2,597,385.12. The disclosure for this sale can be found here. Insiders sold 11,052 shares of company stock valued at $2,050,633 over the last 90 days. 0.58% of the stock is currently owned by corporate insiders.

F5 Stock Down 0.1 %

FFIV stock opened at $165.94 on Monday. The company has a 50-day simple moving average of $186.23 and a 200 day simple moving average of $176.92. The company has a market capitalization of $9.76 billion, a P/E ratio of 19.87, a PEG ratio of 2.21 and a beta of 1.14. F5, Inc. has a fifty-two week low of $130.34 and a fifty-two week high of $199.49.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.03. The business had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $685.47 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. The business’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $1.70 earnings per share. Equities analysts anticipate that F5, Inc. will post 9.62 EPS for the current year.

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