F5, Inc. (NASDAQ:FFIV) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 227,487 shares of the network technology company's stock after acquiring an additional 47,395 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.39% of F5 worth $57,206,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Deutsche Bank AG boosted its stake in shares of F5 by 10.9% during the fourth quarter. Deutsche Bank AG now owns 300,464 shares of the network technology company's stock valued at $75,558,000 after purchasing an additional 29,453 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in F5 in the fourth quarter valued at approximately $1,108,000. Colonial Trust Co SC boosted its stake in F5 by 5.2% in the fourth quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock valued at $172,000 after acquiring an additional 34 shares in the last quarter. Concentric Capital Strategies LP raised its holdings in shares of F5 by 608.5% in the fourth quarter. Concentric Capital Strategies LP now owns 61,222 shares of the network technology company's stock worth $15,395,000 after buying an additional 52,581 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings in shares of F5 by 314.8% in the fourth quarter. CoreCap Advisors LLC now owns 365 shares of the network technology company's stock worth $92,000 after buying an additional 277 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the sale, the chief executive officer now directly owns 148,647 shares of the company's stock, valued at approximately $39,446,454.39. This represents a 0.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the 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 completion of the sale, the executive vice president now directly owns 20,075 shares in the company, valued at approximately $5,885,588.50. This represents a 14.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,305 shares of company stock valued at $2,561,360 in the last ninety days. Company insiders own 0.52% of the company's stock.

F5 Price Performance

FFIV traded up $1.17 on Thursday, reaching $282.76. 78,142 shares of the company's stock were exchanged, compared to its average volume of 573,831. The stock has a market cap of $16.24 billion, a PE ratio of 28.11, a P/E/G ratio of 3.85 and a beta of 1.00. The stock's fifty day moving average price is $264.12 and its 200-day moving average price is $265.16. F5, Inc. has a twelve month low of $164.45 and a twelve month high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its 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. F5 had a net margin of 20.58% and a return on equity of 20.98%. The company had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. During the same period in the previous year, the business posted $2.91 EPS. F5's revenue was up 7.3% on a year-over-year basis. As a group, research analysts predict that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on FFIV shares. William Blair reaffirmed an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Piper Sandler lifted their price objective on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. The Goldman Sachs Group lifted their price objective on shares of F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. StockNews.com raised shares of F5 from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Finally, Bank of America lifted their price objective on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, F5 currently has an average rating of "Hold" and an average price target 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.