Livforsakringsbolaget Skandia Omsesidigt Raises Stake in F5, Inc. (NASDAQ:FFIV)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of F5, Inc. (NASDAQ:FFIV) by 25.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,787 shares of the network technology company’s stock after purchasing an additional 5,000 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in F5 were worth $5,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FFIV. Bessemer Group Inc. increased its stake in F5 by 424.1% in the 1st quarter. Bessemer Group Inc. now owns 7,604 shares of the network technology company’s stock valued at $1,442,000 after purchasing an additional 6,153 shares in the last quarter. LSV Asset Management acquired a new position in F5 during the first quarter valued at approximately $1,479,000. ProShare Advisors LLC lifted its holdings in shares of F5 by 60.7% during the 1st quarter. ProShare Advisors LLC now owns 17,083 shares of the network technology company’s stock valued at $3,239,000 after acquiring an additional 6,451 shares in the last quarter. Bank of Montreal Can boosted its position in shares of F5 by 3.9% in the second quarter. Bank of Montreal Can now owns 308,159 shares of the network technology company’s stock worth $53,247,000 after buying an additional 11,525 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in F5 by 195.1% in the 1st quarter. Janus Henderson Group PLC now owns 21,994 shares of the network technology company’s stock worth $4,170,000 after acquiring an additional 14,541 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $176.20, for a total transaction of $88,100.00. Following the completion of the sale, the chief financial officer now directly owns 31,108 shares in the company, valued at $5,481,229.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $188.35, for a total value of $273,107.50. Following the completion of the sale, the chief executive officer now owns 124,022 shares of the company’s stock, valued at $23,359,543.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $5,481,229.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,871 shares of company stock valued at $1,575,855 in the last three months. Insiders own 0.58% of the company’s stock.

F5 Trading Up 0.3 %

NASDAQ:FFIV opened at $222.62 on Friday. F5, Inc. has a 1-year low of $145.45 and a 1-year high of $224.47. The business’s fifty day moving average price is $206.06 and its 200 day moving average price is $186.61. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.61 and a beta of 1.06.

F5 (NASDAQ:FFIV) last released its quarterly earnings data 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 net margin of 19.94% and a return on equity of 21.03%. The firm had revenue of $695.50 million for the quarter, compared to analyst estimates of $686.06 million. During the same quarter in the prior year, the business earned $2.46 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts forecast that F5, Inc. will post 10.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FFIV. JPMorgan Chase & Co. increased 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. Evercore ISI lifted their price target on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a report on Tuesday, July 30th. Barclays upped their price objective on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Needham & Company LLC upped their target price on shares of F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Piper Sandler raised their price target on F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $204.56.

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.