Guggenheim Capital LLC raised its holdings in F5, Inc. (NASDAQ:FFIV – Free Report) by 191.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,769 shares of the network technology company’s stock after acquiring an additional 12,320 shares during the quarter. Guggenheim Capital LLC’s holdings in F5 were worth $2,734,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FFIV. Millennium Management LLC increased its position in F5 by 582.2% in the 4th quarter. Millennium Management LLC now owns 643,449 shares of the network technology company’s stock valued at $92,341,000 after acquiring an additional 549,127 shares during the period. Pacer Advisors Inc. increased its position in F5 by 15,626.7% in the 1st quarter. Pacer Advisors Inc. now owns 237,630 shares of the network technology company’s stock valued at $34,620,000 after acquiring an additional 236,119 shares during the period. First Trust Advisors LP increased its position in F5 by 19.8% in 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 period. Morgan Stanley increased its position in F5 by 23.2% in the 4th quarter. Morgan Stanley now owns 659,367 shares of the network technology company’s stock valued at $94,626,000 after acquiring an additional 124,265 shares during the period. Finally, Vanguard Group Inc. increased its position in F5 by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,830,286 shares of the network technology company’s stock valued at $1,427,188,000 after acquiring an additional 96,873 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Piper Sandler upped their price target on shares of F5 from $143.00 to $163.00 and gave the company a “neutral” rating in a research report on Tuesday, July 25th. Needham & Company LLC upped their price objective on shares of F5 from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. KeyCorp upped their price objective on shares of F5 from $179.00 to $193.00 and gave the company an “overweight” rating in a research note on Tuesday, July 25th. StockNews.com assumed coverage on shares of F5 in a research note on Thursday, August 17th. They issued a “strong-buy” rating on the stock. Finally, Bank of America upped their price objective on shares of F5 from $145.00 to $155.00 in a research note on Friday, June 9th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.23.
F5 Stock Up 1.5 %
Shares of NASDAQ FFIV opened at $161.19 on Wednesday. The firm has a market cap of $9.56 billion, a PE ratio of 29.25, a P/E/G ratio of 1.87 and a beta of 1.07. F5, Inc. has a 12-month low of $127.05 and a 12-month high of $167.89. The company’s fifty day simple moving average is $152.53 and its 200 day simple moving average is $145.95.
F5 (NASDAQ:FFIV – Get Free Report) last released its quarterly earnings data on Monday, July 24th. The network technology company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.35. F5 had a net margin of 11.84% and a return on equity of 17.63%. The firm had revenue of $702.64 million for the quarter, compared to analyst estimates of $698.93 million. During the same period last year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts predict that F5, Inc. will post 8.24 earnings per share for the current year.
Insider Buying and Selling at F5
In other F5 news, EVP Ana Maria White sold 170 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $150.34, for a total value of $25,557.80. Following the transaction, the executive vice president now directly owns 37,728 shares of the company’s stock, valued at $5,672,027.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Francois Locoh-Donou sold 2,201 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $145.28, for a total value of $319,761.28. Following the completion of the sale, the chief executive officer now owns 106,136 shares in the company, valued at $15,419,438.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ana Maria White sold 170 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $150.34, for a total transaction of $25,557.80. Following the completion of the sale, the executive vice president now owns 37,728 shares of the company’s stock, valued at approximately $5,672,027.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,031 shares of company stock valued at $1,373,234. Corporate insiders own 0.60% of the company’s stock.
F5 Company Profile
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 multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.
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