F5, Inc. (NASDAQ:FFIV) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its holdings in F5, Inc. (NASDAQ:FFIVFree Report) by 598.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,013 shares of the network technology company’s stock after purchasing an additional 7,722 shares during the quarter. Tower Research Capital LLC TRC’s holdings in F5 were worth $1,613,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FFIV. Allianz Asset Management GmbH boosted its holdings in shares of F5 by 74.3% in the 4th quarter. Allianz Asset Management GmbH now owns 73,141 shares of the network technology company’s stock valued at $13,091,000 after buying an additional 31,181 shares during the period. Illinois Municipal Retirement Fund boosted its stake in F5 by 9.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 61,801 shares of the network technology company’s stock valued at $11,061,000 after acquiring an additional 5,577 shares during the period. True Wealth Design LLC grew its holdings in shares of F5 by 268,450.0% during the third quarter. True Wealth Design LLC now owns 5,371 shares of the network technology company’s stock valued at $865,000 after purchasing an additional 5,369 shares during the last quarter. Ontario Teachers Pension Plan Board raised its position in shares of F5 by 133.9% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 10,530 shares of the network technology company’s stock worth $1,697,000 after purchasing an additional 6,028 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of F5 by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 517,948 shares of the network technology company’s stock worth $92,704,000 after purchasing an additional 49,562 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total value of $94,560.00. Following the transaction, the chief financial officer now owns 31,790 shares of the company’s stock, valued at approximately $6,012,124.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the sale, the chief financial officer now directly owns 31,790 shares of the company’s stock, valued at approximately $6,012,124.80. The transaction was disclosed in a filing with the SEC, 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. 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 corporate insiders.

Analysts Set New Price Targets

FFIV has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $220.00 price objective on shares of F5 in a research note on Tuesday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Evercore ISI cut their price objective on shares of F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 30th. Piper Sandler restated a “neutral” rating and issued a $167.00 target price (down previously from $187.00) on shares of F5 in a research report on Tuesday, April 30th. Finally, Barclays cut their price target on F5 from $206.00 to $189.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $185.10.

Get Our Latest Stock Analysis on FFIV

F5 Price Performance

NASDAQ FFIV opened at $167.31 on Tuesday. F5, Inc. has a 12 month low of $142.16 and a 12 month high of $199.49. The firm has a market capitalization of $9.81 billion, a PE ratio of 20.04, a P/E/G ratio of 2.20 and a beta of 1.09. The company’s 50 day simple moving average is $176.44 and its 200 day simple moving average is $179.64.

F5 (NASDAQ:FFIVGet Free Report) last issued its quarterly earnings results 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 company had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $685.47 million. F5 had a return on equity of 21.41% and a net margin of 17.91%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $1.70 EPS. Sell-side analysts anticipate that F5, Inc. will post 9.64 earnings per share for the current fiscal year.

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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