Creative Planning lifted its stake in F5, Inc. (NASDAQ:FFIV – Free Report) by 33.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,918 shares of the network technology company’s stock after purchasing an additional 991 shares during the period. Creative Planning’s holdings in F5 were worth $573,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of F5 by 3.3% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,135 shares of the network technology company’s stock valued at $309,000 after purchasing an additional 69 shares during the period. Brinker Capital Investments LLC lifted its stake in shares of F5 by 1.1% in the first quarter. Brinker Capital Investments LLC now owns 6,342 shares of the network technology company’s stock valued at $1,325,000 after purchasing an additional 70 shares during the period. Czech National Bank lifted its stake in shares of F5 by 1.1% in the second quarter. Czech National Bank now owns 7,158 shares of the network technology company’s stock valued at $1,047,000 after purchasing an additional 75 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of F5 by 1.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,971 shares of the network technology company’s stock valued at $724,000 after purchasing an additional 79 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of F5 by 2.5% in the first quarter. Cetera Investment Advisers now owns 3,272 shares of the network technology company’s stock valued at $477,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 89.89% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on FFIV shares. Barclays lifted their target price on shares of F5 from $140.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 25th. Royal Bank of Canada lifted their target price on shares of F5 from $146.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 25th. KeyCorp lifted their target price on shares of F5 from $179.00 to $193.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 25th. Piper Sandler lifted their target price on shares of F5 from $143.00 to $163.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 25th. Finally, Morgan Stanley restated an “equal weight” rating and set a $165.00 target price on shares of F5 in a research report on Tuesday, July 25th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.23.
F5 Stock Performance
F5 stock opened at $150.99 on Thursday. F5, Inc. has a 1 year low of $127.05 and a 1 year high of $167.89. The firm has a 50 day moving average price of $158.59 and a 200 day moving average price of $149.98. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.62 and a beta of 1.04.
F5 (NASDAQ:FFIV – Get Free Report) last released its earnings results on Monday, July 24th. The network technology company reported $3.21 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $698.93 million. During the same period in the previous year, the firm earned $1.76 earnings per share. F5’s revenue was up 4.2% compared to the same quarter last year. Sell-side analysts predict that F5, Inc. will post 8.24 EPS for the current year.
Insiders Place Their Bets
In other F5 news, CEO Francois Locoh-Donou sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $157.95, for a total transaction of $347,490.00. Following the completion of the sale, the chief executive officer now directly owns 108,052 shares in the company, valued at $17,066,813.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Thomas Dean Fountain sold 919 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $159.08, for a total value of $146,194.52. Following the completion of the transaction, the executive vice president now directly owns 11,999 shares in the company, valued at $1,908,800.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 2,200 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $157.95, for a total transaction of $347,490.00. Following the completion of the transaction, the chief executive officer now owns 108,052 shares of the company’s stock, valued at $17,066,813.40. The disclosure for this sale can be found here. Insiders sold a total of 8,968 shares of company stock worth $1,442,292 over the last ninety days. 0.60% of the stock is owned by company insiders.
F5 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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