Caisse DE Depot ET Placement DU Quebec Acquires 28,492 Shares of F5, Inc. (NASDAQ:FFIV)

Caisse DE Depot ET Placement DU Quebec grew its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 172.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,998 shares of the network technology company's stock after buying an additional 28,492 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of F5 worth $11,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Utah Retirement Systems lifted its position in F5 by 1.0% in the fourth quarter. Utah Retirement Systems now owns 9,685 shares of the network technology company's stock worth $2,435,000 after purchasing an additional 100 shares during the period. AQR Capital Management LLC boosted its stake in shares of F5 by 0.9% in the 4th quarter. AQR Capital Management LLC now owns 602,669 shares of the network technology company's stock valued at $151,553,000 after purchasing an additional 5,479 shares in the last quarter. Northern Trust Corp grew its holdings in shares of F5 by 38.0% in the 4th quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock worth $229,597,000 after purchasing an additional 251,534 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in F5 during the 4th quarter valued at about $503,000. Finally, Coldstream Capital Management Inc. boosted its position in F5 by 3.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock valued at $240,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the transaction, the chief executive officer now directly owns 151,247 shares in the company, valued at $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas Dean Fountain sold 1,347 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $269.03, for a total transaction of $362,383.41. Following the sale, the executive vice president now owns 20,660 shares of the company's stock, valued at approximately $5,558,159.80. This represents a 6.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,805 shares of company stock worth $4,531,250. Company insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $290.00 target price on shares of F5 in a report on Tuesday, April 29th. The Goldman Sachs Group lifted their price target on F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Bank of America raised their price target on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Friday, January 31st. Finally, Piper Sandler lifted their price target on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $282.56.

F5 Stock Up 1.0 %

F5 stock traded up $2.55 during mid-day trading on Wednesday, hitting $267.37. 488,708 shares of the company's stock were exchanged, compared to its average volume of 574,243. The company's 50 day simple moving average is $264.83 and its 200-day simple moving average is $263.01. The firm has a market capitalization of $15.41 billion, a P/E ratio of 26.58, a PEG ratio of 3.85 and a beta of 1.00. F5, Inc. has a fifty-two week low of $164.45 and a fifty-two week high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, topping the consensus estimate of $3.11 by $0.31. The firm had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $2.91 EPS. Research analysts expect that F5, Inc. will post 11.2 EPS for the current year.

About F5

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.