F5, Inc. (NASDAQ:FFIV) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of F5, Inc. (NASDAQ:FFIVFree Report) by 30.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,802 shares of the network technology company’s stock after purchasing an additional 658 shares during the quarter. GAMMA Investing LLC’s holdings in F5 were worth $746,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FFIV. Vanguard Group Inc. grew its stake in F5 by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company’s stock worth $1,897,154,000 after buying an additional 64,261 shares during the period. Geode Capital Management LLC lifted its holdings in shares of F5 by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company’s stock valued at $402,536,000 after acquiring an additional 30,367 shares in the last quarter. First Trust Advisors LP boosted its position in F5 by 3.1% during the 4th quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company’s stock worth $316,814,000 after purchasing an additional 37,354 shares during the period. Northern Trust Corp increased its holdings in F5 by 38.0% in the 4th quarter. Northern Trust Corp now owns 913,021 shares of the network technology company’s stock valued at $229,597,000 after purchasing an additional 251,534 shares in the last quarter. Finally, Norges Bank purchased a new position in F5 in the fourth quarter valued at about $171,127,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and set a $320.00 price objective on shares of F5 in a research note on Tuesday, April 29th. Piper Sandler boosted their price target on F5 from $262.00 to $269.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. Wall Street Zen downgraded shares of F5 from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. William Blair reiterated an “outperform” rating on shares of F5 in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of F5 from $296.00 to $285.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $282.56.

View Our Latest Research Report on F5

F5 Stock Down 0.5%

FFIV stock opened at $294.32 on Tuesday. The stock’s 50 day moving average is $282.01 and its two-hundred day moving average is $275.38. F5, Inc. has a 52-week low of $169.55 and a 52-week high of $313.00. The company has a market capitalization of $16.90 billion, a PE ratio of 27.92, a P/E/G ratio of 3.76 and a beta of 1.00.

F5 (NASDAQ:FFIVGet Free Report) last issued its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.31. The business had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.91 earnings per share. As a group, sell-side analysts anticipate that F5, Inc. will post 11.2 EPS for the current year.

Insider Activity at F5

In related news, Director Michael L. Dreyer sold 1,800 shares of F5 stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total value of $514,728.00. Following the completion of the transaction, the director directly owned 4,376 shares in the company, valued at approximately $1,251,360.96. This trade represents a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth Buse sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total value of $440,295.00. Following the sale, the director owned 5,013 shares in the company, valued at $1,471,465.89. The trade was a 23.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,219 shares of company stock worth $2,025,978 over the last 90 days. Company insiders own 0.52% of the company’s stock.

About F5

(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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