GAMMA Investing LLC Invests $127,000 in F5, Inc. (NASDAQ:FFIV)

GAMMA Investing LLC bought a new position in shares of F5, Inc. (NASDAQ:FFIV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 689 shares of the network technology company’s stock, valued at approximately $127,000.

Other large investors have also modified their holdings of the company. Washington Trust Advisors Inc. purchased a new stake in shares of F5 during the fourth quarter worth $36,000. Addison Advisors LLC grew its holdings in shares of F5 by 36.1% during the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock worth $45,000 after buying an additional 74 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in shares of F5 by 56.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock worth $46,000 after buying an additional 93 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of F5 during the fourth quarter worth $51,000. Finally, Lindbrook Capital LLC grew its holdings in shares of F5 by 68.0% during the fourth quarter. Lindbrook Capital LLC now owns 294 shares of the network technology company’s stock worth $53,000 after buying an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FFIV. JPMorgan Chase & Co. boosted their price target on shares of F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $204.00 price target on shares of F5 in a research report on Friday, February 9th. KeyCorp boosted their price target on shares of F5 from $186.00 to $204.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Barclays boosted their price target on shares of F5 from $163.00 to $206.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Finally, The Goldman Sachs Group boosted their price target on shares of F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, F5 currently has an average rating of “Hold” and an average target price of $192.22.

Insider Activity

In other news, EVP Thomas Dean Fountain sold 851 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $183.06, for a total value of $155,784.06. Following the completion of the transaction, the executive vice president now owns 15,008 shares of the company’s stock, valued at $2,747,364.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Thomas Dean Fountain sold 851 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $183.06, for a total value of $155,784.06. Following the completion of the transaction, the executive vice president now owns 15,008 shares of the company’s stock, valued at $2,747,364.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $182.31, for a total transaction of $91,155.00. Following the completion of the transaction, the chief financial officer now directly owns 32,290 shares of the company’s stock, valued at approximately $5,886,789.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,201 shares of company stock valued at $1,908,065. 0.58% of the stock is currently owned by company insiders.

F5 Price Performance

NASDAQ FFIV opened at $181.94 on Friday. The firm’s 50-day moving average is $187.66 and its two-hundred day moving average is $176.39. F5, Inc. has a 12 month low of $129.93 and a 12 month high of $199.49. The stock has a market capitalization of $10.70 billion, a P/E ratio of 23.66, a PEG ratio of 2.67 and a beta of 1.11.

F5 (NASDAQ:FFIV) last posted its earnings results on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.39. The company had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $684.77 million. F5 had a net margin of 16.43% and a return on equity of 20.81%. F5’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.65 earnings per share. As a group, analysts anticipate that F5, Inc. will post 9.59 EPS for the current year.

F5 Profile

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.