Dimensional Fund Advisors LP Buys 39,067 Shares of F5, Inc. (NASDAQ:FFIV)

Dimensional Fund Advisors LP lifted its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 650,547 shares of the network technology company's stock after buying an additional 39,067 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.12% of F5 worth $163,599,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FFIV. Vanguard Group Inc. increased its position in shares of F5 by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock worth $1,897,154,000 after purchasing an additional 64,261 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of F5 by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock worth $402,536,000 after buying an additional 30,367 shares during the last quarter. First Trust Advisors LP raised its position in shares of F5 by 3.1% during the 4th quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company's stock valued at $316,814,000 after buying an additional 37,354 shares in the last quarter. Norges Bank bought a new stake in shares of F5 during the 4th quarter worth $171,127,000. Finally, Alliancebernstein L.P. grew its position in F5 by 14.0% in the fourth quarter. Alliancebernstein L.P. now owns 656,231 shares of the network technology company's stock worth $165,022,000 after acquiring an additional 80,570 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Francois Locoh-Donou sold 6,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the transaction, the chief executive officer now owns 151,247 shares of the company's stock, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marianne Budnik sold 1,872 shares of F5 stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the sale, the director now owns 1,207 shares in the company, valued at $314,689.04. This represents a 60.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,232 shares of company stock worth $5,310,131. 0.52% of the stock is currently owned by corporate insiders.

F5 Price Performance

NASDAQ:FFIV traded up $2.02 during mid-day trading on Wednesday, reaching $264.74. 859,076 shares of the company's stock traded hands, compared to its average volume of 578,598. The company has a 50 day moving average price of $266.93 and a 200-day moving average price of $261.33. The firm has a market capitalization of $15.26 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 3.85 and a beta of 1.14. F5, Inc. has a 12-month low of $163.12 and a 12-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 (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.31. F5 had a return on equity of 20.98% and a net margin of 20.58%. The firm had revenue of $590.16 million for the quarter, compared to analysts' expectations of $719.91 million. During the same period in the previous year, the firm earned $2.91 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. As a group, analysts forecast that F5, Inc. will post 11.2 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley upped their target price on F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Piper Sandler increased their price target on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research report on Tuesday. Evercore ISI boosted their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a report on Friday, January 17th. Finally, Bank of America increased their target price 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus 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.