Rafferty Asset Management LLC Increases Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Rafferty Asset Management LLC grew its stake in F5, Inc. (NASDAQ:FFIVFree Report) by 20.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,675 shares of the network technology company’s stock after buying an additional 3,129 shares during the period. Rafferty Asset Management LLC’s holdings in F5 were worth $3,342,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FFIV. Atlantic Edge Private Wealth Management LLC purchased a new stake in F5 in the fourth quarter valued at $25,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of F5 in the 4th quarter valued at about $34,000. Washington Trust Advisors Inc. purchased a new stake in shares of F5 in the 4th quarter valued at about $36,000. Janiczek Wealth Management LLC boosted its position in shares of F5 by 56.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock valued at $46,000 after purchasing an additional 93 shares during the period. Finally, Anchor Investment Management LLC purchased a new position in F5 during the 4th quarter worth approximately $51,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FFIV shares. Evercore ISI reduced their price objective on F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a research note on Tuesday, April 30th. Barclays reduced their price target on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 30th. Royal Bank of Canada lowered their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 30th. Piper Sandler reaffirmed a “neutral” rating and issued a $167.00 target price (down from $187.00) on shares of F5 in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. raised their price target on F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. One investment 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 stock. According to data from MarketBeat.com, F5 has an average rating of “Hold” and an average price target of $185.10.

Read Our Latest Stock Analysis on FFIV

Insiders Place Their Bets

In other news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total transaction of $142,568.03. Following the sale, the executive vice president now 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 other news, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $188.85, for a total transaction of $273,832.50. Following the completion of the transaction, the chief executive officer now owns 121,801 shares of the company’s stock, valued at approximately $23,002,118.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas Dean Fountain sold 851 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total transaction of $142,568.03. Following the completion of 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. Over the last three months, insiders have sold 11,766 shares of company stock worth $2,026,260. 0.58% of the stock is owned by company insiders.

F5 Price Performance

FFIV opened at $165.57 on Friday. The business has a 50 day simple moving average of $176.92 and a 200-day simple moving average of $179.45. F5, Inc. has a 12 month low of $142.16 and a 12 month high of $199.49. The stock has a market capitalization of $9.70 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.22 and a beta of 1.09.

F5 (NASDAQ:FFIVGet Free Report) last released its earnings results on Monday, April 29th. The network technology company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.03. F5 had a return on equity of 21.41% and a net margin of 17.91%. The company had revenue of $681.00 million during the quarter, compared to the consensus estimate of $685.47 million. During the same quarter last year, the company earned $1.70 earnings per share. F5’s quarterly revenue was down 3.1% compared to the same quarter last year. Research analysts anticipate that F5, Inc. will post 9.64 EPS for the current year.

F5 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.

See Also

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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