Fisher Asset Management LLC Purchases 2,442 Shares of F5, Inc. (NASDAQ:FFIV)

Fisher Asset Management LLC raised its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 9.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,536 shares of the network technology company’s stock after acquiring an additional 2,442 shares during the quarter. Fisher Asset Management LLC’s holdings in F5 were worth $4,928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Acadian Asset Management LLC grew its position in F5 by 203.5% in the third quarter. Acadian Asset Management LLC now owns 484,516 shares of the network technology company’s stock valued at $78,052,000 after purchasing an additional 324,886 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of F5 by 13.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock worth $292,001,000 after buying an additional 212,784 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of F5 by 3,545.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 172,977 shares of the network technology company’s stock valued at $27,874,000 after acquiring an additional 168,232 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of F5 by 42.0% during the 3rd quarter. Retirement Systems of Alabama now owns 370,910 shares of the network technology company’s stock worth $59,768,000 after purchasing an additional 109,666 shares in the last quarter. Finally, Comerica Bank bought a new position in shares of F5 in the third quarter valued at $15,350,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FFIV. Evercore ISI decreased their price objective on shares of F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a research report on Tuesday, April 30th. Piper Sandler reissued a “neutral” rating and set a $167.00 price target (down previously from $187.00) on shares of F5 in a research report on Tuesday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $220.00 target price on shares of F5 in a research note on Tuesday, April 30th. Royal Bank of Canada dropped their price target on F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 30th. Finally, Barclays decreased their price objective on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $185.10.

Insiders Place Their Bets

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $168.11, for a total transaction of $243,759.50. Following the sale, the chief executive officer now owns 124,362 shares of the company’s stock, valued at approximately $20,906,495.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $168.11, for a total value of $243,759.50. Following the completion of the transaction, the chief executive officer now owns 124,362 shares of the company’s stock, valued at $20,906,495.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $183.06, for a total transaction of $155,784.06. Following the sale, the executive vice president now owns 15,008 shares in the company, valued at $2,747,364.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,502 shares of company stock valued at $2,294,392. 0.58% of the stock is currently owned by insiders.

F5 Stock Down 0.2 %

F5 stock opened at $168.32 on Wednesday. The stock has a market cap of $9.90 billion, a PE ratio of 20.16, a P/E/G ratio of 2.21 and a beta of 1.14. F5, Inc. has a 12-month low of $133.00 and a 12-month high of $199.49. The business’s 50-day moving average price is $185.53 and its two-hundred day moving average price is $177.39.

F5 (NASDAQ:FFIV) last posted its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.03. The company had revenue of $681.00 million for the quarter, compared to the consensus estimate of $685.47 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company posted $1.70 EPS. As a group, analysts expect that F5, Inc. will post 9.62 earnings per share for the current year.

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 distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.