State of Alaska Department of Revenue Has $4.06 Million Stake in F5, Inc. (NASDAQ:FFIV)

State of Alaska Department of Revenue decreased its position in F5, Inc. (NASDAQ:FFIVFree Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,697 shares of the network technology company’s stock after selling 510 shares during the period. State of Alaska Department of Revenue’s holdings in F5 were worth $4,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Optimum Investment Advisors boosted its stake in shares of F5 by 5.5% during the 4th quarter. Optimum Investment Advisors now owns 1,150 shares of the network technology company’s stock valued at $206,000 after buying an additional 60 shares during the period. Horizon Investments LLC lifted its stake in shares of F5 by 6.0% in the 2nd quarter. Horizon Investments LLC now owns 1,210 shares of the network technology company’s stock valued at $177,000 after purchasing an additional 68 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of F5 by 2.3% in the 2nd quarter. Kestra Advisory Services LLC now owns 2,990 shares of the network technology company’s stock valued at $437,000 after purchasing an additional 68 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of F5 by 3.3% in the 3rd 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 last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of F5 by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,842 shares of the network technology company’s stock valued at $562,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Price Performance

Shares of FFIV opened at $189.53 on Wednesday. The company has a market capitalization of $11.15 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 2.79 and a beta of 1.11. F5, Inc. has a one year low of $127.05 and a one year high of $199.49. The company’s fifty day moving average price is $187.18 and its 200 day moving average price is $173.08.

F5 (NASDAQ:FFIVGet Free Report) last posted its quarterly earnings data on Monday, January 29th. The network technology company reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.39. F5 had a net margin of 16.43% and a return on equity of 20.81%. The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $684.77 million. During the same quarter in the previous year, the firm posted $1.65 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. Analysts anticipate that F5, Inc. will post 9.58 earnings per share for the current year.

Insider Transactions at F5

In other news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06. Following the transaction, the executive vice president now owns 15,008 shares in the company, valued at approximately $2,747,364.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06. Following the transaction, the executive vice president now owns 15,008 shares in the company, valued at approximately $2,747,364.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $182.31, for a total transaction of $91,155.00. Following the sale, the chief financial officer now owns 32,290 shares in the company, valued at $5,886,789.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,751 shares of company stock worth $1,634,872. 0.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FFIV. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price objective on shares of F5 in a research note on Tuesday, February 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $204.00 price objective on shares of F5 in a research note on Friday, February 9th. Barclays lifted their price objective on shares of F5 from $163.00 to $206.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. KeyCorp lifted their price objective on shares of F5 from $186.00 to $204.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. Finally, The Goldman Sachs Group lifted their price objective on shares of F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $185.00.

Get Our Latest Stock Report on F5

F5 Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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