DekaBank Deutsche Girozentrale Raises Stake in F5, Inc. (NASDAQ:FFIV)

DekaBank Deutsche Girozentrale lifted its position in shares of F5, Inc. (NASDAQ:FFIV) by 55.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 57,361 shares of the network technology company’s stock after buying an additional 20,486 shares during the period. DekaBank Deutsche Girozentrale owned 0.10% of F5 worth $10,775,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FFIV. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of F5 during the 4th quarter worth $25,000. New Covenant Trust Company N.A. purchased a new stake in F5 in the 1st quarter valued at about $27,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of F5 during the 4th quarter valued at about $34,000. Register Financial Advisors LLC purchased a new position in shares of F5 during the 1st quarter worth about $38,000. Finally, Janiczek Wealth Management LLC boosted its position in shares of F5 by 56.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock worth $46,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Price Performance

FFIV traded down $3.49 during trading hours on Friday, reaching $191.99. 518,850 shares of the stock traded hands, compared to its average volume of 625,340. F5, Inc. has a fifty-two week low of $145.45 and a fifty-two week high of $205.92. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 2.49 and a beta of 1.08. The firm’s fifty day simple moving average is $173.36 and its two-hundred day simple moving average is $179.68.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.39. F5 had a net margin of 19.94% and a return on equity of 21.03%. The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. During the same period in the prior year, the company posted $2.46 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, research analysts predict that F5, Inc. will post 10.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Scot Frazier Rogers sold 3,315 shares of F5 stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $168.46, for a total value of $558,444.90. Following the completion of the sale, the executive vice president now owns 19,493 shares in the company, valued at $3,283,790.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other F5 news, Director Michael L. Dreyer sold 2,250 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $167.93, for a total transaction of $377,842.50. Following the transaction, the director now owns 4,867 shares of the company’s stock, valued at approximately $817,315.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Scot Frazier Rogers sold 3,315 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $168.46, for a total value of $558,444.90. Following the completion of the sale, the executive vice president now owns 19,493 shares of the company’s stock, valued at $3,283,790.78. The disclosure for this sale can be found here. Insiders have sold 10,885 shares of company stock worth $1,888,222 in the last three months. 0.58% of the stock is owned by insiders.

Analysts Set New Price Targets

FFIV has been the topic of a number of research analyst reports. Evercore ISI lifted their price target on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a report on Tuesday, July 30th. Royal Bank of Canada boosted their price target on F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. Needham & Company LLC lifted their price objective on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Piper Sandler increased their target price on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Finally, StockNews.com cut shares of F5 from a “strong-buy” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $200.89.

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