Deutsche Bank AG Raises Position in F5, Inc. (NASDAQ:FFIV)

Deutsche Bank AG boosted its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 300,464 shares of the network technology company's stock after acquiring an additional 29,453 shares during the quarter. Deutsche Bank AG owned 0.52% of F5 worth $75,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Crowley Wealth Management Inc. purchased a new position in F5 in the 4th quarter worth $35,000. Hurley Capital LLC purchased a new position in shares of F5 in the fourth quarter worth about $43,000. Friedenthal Financial bought a new stake in shares of F5 in the 4th quarter valued at about $50,000. EverSource Wealth Advisors LLC boosted its holdings in F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after acquiring an additional 49 shares during the period. Finally, Smithfield Trust Co bought a new position in F5 during the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Transactions at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $264.54, for a total value of $343,902.00. Following the sale, the chief executive officer now owns 151,700 shares in the company, valued at approximately $40,130,718. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the transaction, the executive vice president now owns 20,075 shares of the company's stock, valued at $5,885,588.50. The trade was a 14.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,305 shares of company stock valued at $2,561,360 in the last three months. 0.52% of the stock is currently owned by company insiders.

F5 Price Performance

FFIV traded up $2.25 on Friday, hitting $284.92. The company had a trading volume of 331,416 shares, compared to its average volume of 573,521. F5, Inc. has a 52-week low of $164.45 and a 52-week high of $313.00. The stock has a fifty day simple moving average of $264.44 and a 200-day simple moving average of $265.60. The firm has a market capitalization of $16.36 billion, a P/E ratio of 28.32, a P/E/G ratio of 3.85 and a beta of 1.00.

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

Wall Street Analyst Weigh In

FFIV has been the subject of several recent research reports. The Goldman Sachs Group boosted their price objective on F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated a "sector perform" rating and set a $290.00 price target on shares of F5 in a report on Tuesday, April 29th. Barclays cut their price target on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. decreased their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Finally, William Blair reissued an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $282.56.

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.