F5, Inc. (NASDAQ:FFIV) Stake Raised by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd boosted its holdings in F5, Inc. (NASDAQ:FFIV) by 10.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,820 shares of the network technology company’s stock after acquiring an additional 2,730 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in F5 were worth $4,964,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC bought a new position in F5 in the 4th quarter valued at about $25,000. Family Firm Inc. bought a new stake in F5 during the second quarter worth approximately $25,000. New Covenant Trust Company N.A. acquired a new stake in F5 in the first quarter worth approximately $27,000. Quest Partners LLC boosted its stake in F5 by 9,100.0% during the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock valued at $32,000 after purchasing an additional 182 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new position in shares of F5 during the 1st quarter valued at $38,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Stock Up 2.1 %

FFIV stock opened at $210.31 on Friday. The company has a 50 day moving average of $190.44 and a two-hundred day moving average of $182.56. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.55 and a beta of 1.06. F5, Inc. has a 12-month low of $145.45 and a 12-month high of $210.81.

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

Insider Activity at F5

In other news, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total transaction of $249,327.50. Following the transaction, the chief executive officer now owns 121,462 shares in the company, valued at approximately $20,885,390.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total value of $249,327.50. Following the completion of the sale, the chief executive officer now directly owns 121,462 shares in the company, valued at $20,885,390.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $176.20, for a total transaction of $88,100.00. Following the completion of the transaction, the chief financial officer now owns 31,108 shares in the company, valued at $5,481,229.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,771 shares of company stock valued at $1,463,205. 0.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FFIV has been the subject of several research reports. Needham & Company LLC raised their target price on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. StockNews.com cut shares of F5 from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th. Piper Sandler raised their target price on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price target on F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Finally, Barclays lifted their target price on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $200.89.

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.