Redpoint Investment Management Pty Ltd increased its stake in F5, Inc. (NASDAQ: FFIV – get rating) by 37.4% during the first trimester, HoldingsChannel.com reports. The fund owned 1,734 shares of the network technology company after buying an additional 472 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in F5 were worth $362,000 as of their most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. DNB Asset Management AS increased its holding in F5 shares by 6.6% in the fourth quarter. DNB Asset Management AS now owns 10,819 shares of the network technology company valued at $2,648,000 after acquiring an additional 672 shares during the period. Gyon Technologies Capital Management LP purchased a new position in F5 in the third quarter valued at $276,000. Moors & Cabot Inc. purchased a new position in F5 in the third quarter valued at $186,000. Yousif Capital Management LLC purchased a new position in F5 in the fourth quarter valued at $2,343,000. Ultimately, Fernwood Investment Management LLC purchased a new position in F5 in the fourth quarter valued at $208,000. Currently, 91.13% of the shares are owned by institutional investors and hedge funds.
In related news, EVP Chad Michael Whalen sold 257 shares of the company’s capital stock in a transaction dated Tuesday, May 24. The shares were sold at an average price of $157.68, for a total value of $40,523.76. After completing the transaction, the executive vice president now owns 8,161 shares of the company, valued at approximately $1,286,826.48. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available at the SEC website. In addition, general manager François Locoh-Donou sold 1,042 shares of the company’s capital stock in a transaction dated Monday, April 4. The shares were sold at an average price of $210.30, for a total transaction of $219,132.60. Following the completion of the transaction, the CEO now directly owns 93,435 shares of the company, valued at approximately $19,649,380.50. Disclosure of this sale can be found here. Insiders sold a total of 5,219 shares of the company valued at $940,896 in the last three months. Currently, 0.46% of the shares are owned by corporate insiders.
F5 actions opened at $158.47 on Friday. F5, Inc. has a 52-week minimum of $147.47 and a 52-week maximum of $249.00. The company’s 50-day simple moving average is $167.86 and its 200-day simple moving average is $198.25. The company has a market capitalization of $9.58 billion, a PE ratio of 27.85, a P/E/E ratio of 4.46, and a beta of 1.18.
F5 (NASDAQ: FFIV – get rating) last published its quarterly earnings data on Tuesday, April 26. The network technology company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.16 by $0.14. F5 had a net margin of 13.19% and a return on equity of 19.98%. The business had revenue of $634.22 million in the quarter, compared to analyst estimates of $634.20 million. During the same period of the previous year, the company earned $1.70 EPS. Business revenue for the quarter fell 1.7% compared to the same quarter last year. As a group, research analysts forecast F5, Inc. to post earnings per share of 6.22 for the current fiscal year.
FFIV has been the subject of several analyst reports. TheStreet downgraded F5’s shares from a “b” rating to a “c+” rating in a research report on Tuesday, May 17. Credit Suisse Group lowered the price target on F5 shares from $270.00 to $225.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 27. Piper Sandler lowered her price target on F5 shares from $227.00 to $197.00 and placed an “overweight” rating on the stock in a research report on Wednesday, April 27. StockNews.com cut F5 shares from a “strong buy” rating to a “buy” rating in a research report on Friday, May 6. Finally, Morgan Stanley lowered F5 shares from an “overweight” rating to an “equal weight” rating and lowered the share price target from $280.00 to $250.00 in a research report on Tuesday, April 12. . Four research analysts rated the stock a hold rating and thirteen issued a buy rating on the company. According to data from MarketBeat.com, F5 currently has a “Moderate Buy” consensus rating and an average price target of $235.77.
Company Profile F5 (get rating)
F5, Inc. provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company’s multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure and govern applications on any architecture, from on-premises to the public cloud.
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