Mirae Asset Global Investments Co. Ltd. Has $3.32 Million Stake in F5, Inc. (NASDAQ:FFIV)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of F5, Inc. (NASDAQ:FFIV) by 23.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,598 shares of the network technology company’s stock after selling 3,907 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in F5 were worth $3,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aware Super Pty Ltd as trustee of Aware Super bought a new position in F5 during the fourth quarter worth $5,856,000. Exchange Traded Concepts LLC raised its position in shares of F5 by 72.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,698 shares of the network technology company’s stock worth $452,000 after acquiring an additional 714 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of F5 by 83.1% in the 4th quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company’s stock valued at $74,562,000 after purchasing an additional 134,537 shares during the period. Sequoia Financial Advisors LLC grew its stake in F5 by 10.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 15,157 shares of the network technology company’s stock worth $3,811,000 after purchasing an additional 1,419 shares during the period. Finally, National Bank of Canada FI increased its holdings in F5 by 14.9% in the fourth quarter. National Bank of Canada FI now owns 27,170 shares of the network technology company’s stock worth $6,833,000 after purchasing an additional 3,526 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Stock Up 0.1%

Shares of F5 stock opened at $296.12 on Thursday. F5, Inc. has a 52 week low of $169.55 and a 52 week high of $313.00. The business has a 50 day moving average price of $283.51 and a 200-day moving average price of $275.67. The company has a market cap of $17.01 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00.

F5 (NASDAQ:FFIV) last issued its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.31. F5 had a return on equity of 21.18% and a net margin of 21.14%. The business had revenue of $590.16 million for the quarter, compared to analysts’ expectations of $719.91 million. During the same period last year, the business earned $2.91 EPS. The business’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts anticipate that F5, Inc. will post 11.2 EPS for the current year.

Insider Buying and Selling at F5

In other F5 news, Director Michael L. Dreyer sold 1,800 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total value of $514,728.00. Following the completion of the sale, the director owned 4,376 shares in the company, valued at approximately $1,251,360.96. This trade represents a 29.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alan Higginson sold 1,272 shares of F5 stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total transaction of $364,669.68. Following the transaction, the director directly owned 9,919 shares in the company, valued at approximately $2,843,678.11. This represents a 11.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,219 shares of company stock valued at $2,025,978 in the last quarter. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FFIV. Royal Bank Of Canada restated a “sector perform” rating and set a $290.00 price target on shares of F5 in a report on Tuesday, April 29th. Wall Street Zen lowered shares of F5 from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. Morgan Stanley lifted their price target on shares of F5 from $269.00 to $280.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 29th. Barclays dropped their price objective on shares of F5 from $296.00 to $274.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. Finally, Piper Sandler increased their price objective on shares of F5 from $262.00 to $269.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $282.56.

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.