655 Shares in F5, Inc. (NASDAQ:FFIV) Acquired by Mendota Financial Group LLC

Mendota Financial Group LLC purchased a new stake in F5, Inc. (NASDAQ:FFIV) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 655 shares of the network technology company’s stock, valued at approximately $144,000.

Several other institutional investors also recently made changes to their positions in the stock. Family Firm Inc. purchased a new position in shares of F5 in the 2nd quarter worth $25,000. New Covenant Trust Company N.A. acquired a new stake in F5 during the first quarter worth about $27,000. Quest Partners LLC raised its holdings in shares of F5 by 9,100.0% in the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock worth $32,000 after purchasing an additional 182 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of F5 during the 1st quarter worth about $38,000. Finally, Blue Trust Inc. increased its position in F5 by 49.7% during the 2nd quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock worth $46,000 after purchasing an additional 80 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

F5 Stock Up 0.3 %

Shares of NASDAQ FFIV opened at $222.62 on Friday. F5, Inc. has a fifty-two week low of $145.45 and a fifty-two week high of $224.47. The business has a 50 day moving average price of $206.06 and a two-hundred day moving average price of $186.61. The firm has a market cap of $12.97 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 2.61 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FFIV shares. Piper Sandler boosted their price objective on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Royal Bank of Canada upped their price target on shares of F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group raised their price objective on F5 from $185.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Needham & Company LLC upped their target price on F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, StockNews.com downgraded F5 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $204.56.

Insider Transactions at F5

In other news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total transaction of $316,477.00. Following the transaction, the chief executive officer now owns 121,122 shares of the company’s stock, valued at approximately $26,436,087.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $176.20, for a total value of $88,100.00. Following the completion of the transaction, the chief financial officer now directly owns 31,108 shares of the company’s stock, valued at approximately $5,481,229.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total transaction of $316,477.00. Following the completion of the transaction, the chief executive officer now directly owns 121,122 shares in the company, valued at $26,436,087.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,871 shares of company stock valued at $1,575,855. Insiders own 0.58% of the company’s stock.

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.