Andra AP fonden Acquires 56,795 Shares of F5, Inc. (NASDAQ:FFIV)

Andra AP fonden lifted its position in shares of F5, Inc. (NASDAQ:FFIV) by 131.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,100 shares of the network technology company’s stock after acquiring an additional 56,795 shares during the period. Andra AP fonden’s holdings in F5 were worth $17,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Commerce Bank lifted its stake in F5 by 3.1% during the fourth quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock worth $342,000 after purchasing an additional 57 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in F5 by 4.9% in the second quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company’s stock valued at $233,000 after buying an additional 63 shares in the last quarter. Tocqueville Asset Management L.P. grew its position in F5 by 0.6% in the first quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock valued at $2,186,000 after acquiring an additional 64 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in F5 by 0.3% during the second quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock worth $4,862,000 after acquiring an additional 73 shares in the last quarter. Finally, Empirical Finance LLC lifted its holdings in shares of F5 by 3.6% in the first quarter. Empirical Finance LLC now owns 2,155 shares of the network technology company’s stock worth $409,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Buying and Selling at F5

In other news, Director Alan Higginson sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $201.65, for a total value of $201,650.00. Following the transaction, the director now owns 10,707 shares in the company, valued at approximately $2,159,066.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Alan Higginson sold 1,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $201.65, for a total transaction of $201,650.00. Following the sale, the director now owns 10,707 shares in the company, valued at approximately $2,159,066.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scot Frazier Rogers sold 1,420 shares of F5 stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $199.76, for a total value of $283,659.20. Following the completion of the sale, the executive vice president now owns 18,073 shares of the company’s stock, valued at $3,610,262.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,771 shares of company stock valued at $1,463,205. 0.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FFIV shares. Needham & Company LLC lifted their price target on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Evercore ISI boosted their target price on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 30th. Piper Sandler upped their price target on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Barclays raised their price objective on F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Finally, StockNews.com lowered F5 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $200.89.

F5 Stock Up 0.7 %

NASDAQ FFIV opened at $201.28 on Wednesday. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.50 and a beta of 1.06. F5, Inc. has a twelve month low of $145.45 and a twelve month high of $205.92. The stock has a fifty day simple moving average of $188.30 and a 200 day simple moving average of $182.11.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.39. F5 had a return on equity of 21.03% and a net margin of 19.94%. The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. During the same quarter in the prior year, the firm posted $2.46 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. Research analysts expect that F5, Inc. will post 10.18 earnings per share for the current fiscal 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.