Daiwa Securities Group Inc. grew its position in shares of F5, Inc. (NASDAQ:FFIV – Get Rating) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,239 shares of the network technology company’s stock after purchasing an additional 222 shares during the period. Daiwa Securities Group Inc.’s holdings in F5 were worth $608,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new position in F5 during the third quarter valued at approximately $47,457,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of F5 during the 3rd quarter worth approximately $28,193,000. First Trust Advisors LP boosted its position in shares of F5 by 19.8% during the 1st quarter. First Trust Advisors LP now owns 1,075,970 shares of the network technology company’s stock valued at $224,824,000 after acquiring an additional 178,042 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of F5 by 174.6% in the third quarter. New York State Common Retirement Fund now owns 248,534 shares of the network technology company’s stock valued at $35,970,000 after purchasing an additional 158,022 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in F5 by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,830,286 shares of the network technology company’s stock worth $1,427,188,000 after purchasing an additional 96,873 shares during the last quarter. 93.34% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Guggenheim initiated coverage on shares of F5 in a research note on Monday, January 23rd. They issued a “neutral” rating for the company. Royal Bank of Canada dropped their price target on F5 from $155.00 to $146.00 and set a “sector perform” rating for the company in a research report on Thursday, April 20th. TD Cowen reduced their price objective on F5 from $177.00 to $170.00 and set an “outperform” rating on the stock in a research note on Thursday, April 20th. Cowen lowered their price objective on F5 from $187.00 to $177.00 and set an “outperform” rating for the company in a research note on Wednesday, January 25th. Finally, Piper Sandler cut their target price on F5 from $156.00 to $143.00 and set a “neutral” rating on the stock in a research report on Thursday, April 20th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $166.13.
F5 Trading Up 0.0 %
F5 (NASDAQ:FFIV – Get Rating) last issued its earnings results on Wednesday, April 19th. The network technology company reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.11. The business had revenue of $703.00 million for the quarter, compared to the consensus estimate of $699.18 million. F5 had a net margin of 11.74% and a return on equity of 16.56%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 EPS. As a group, sell-side analysts forecast that F5, Inc. will post 7.8 earnings per share for the current year.
Insider Buying and Selling
In other F5 news, CEO Francois Locoh-Donou sold 2,201 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $145.51, for a total value of $320,267.51. Following the completion of the sale, the chief executive officer now directly owns 110,823 shares in the company, valued at approximately $16,125,854.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Chad Michael Whalen sold 259 shares of F5 stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $142.12, for a total transaction of $36,809.08. Following the transaction, the executive vice president now directly owns 13,683 shares of the company’s stock, valued at $1,944,627.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 2,201 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $145.51, for a total transaction of $320,267.51. Following the completion of the transaction, the chief executive officer now directly owns 110,823 shares of the company’s stock, valued at approximately $16,125,854.73. The disclosure for this sale can be found here. Insiders have sold a total of 9,941 shares of company stock valued at $1,381,622 over the last quarter. 0.60% of the stock is owned by corporate insiders.
F5 Company Profile
F5, Inc engages development and provision of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company was founded on February 26, 1996, and is headquartered in Seattle, WA.
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