Achmea Investment Management B.V. Boosts Position in F5, Inc. (NASDAQ:FFIV)

Achmea Investment Management B.V. boosted its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 6.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,022 shares of the network technology company's stock after purchasing an additional 4,986 shares during the quarter. Achmea Investment Management B.V. owned about 0.14% of F5 worth $21,574,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in FFIV. Golden State Wealth Management LLC boosted its holdings in shares of F5 by 275.0% in the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock valued at $28,000 after buying an additional 77 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in F5 in the fourth quarter valued at $31,000. Crowley Wealth Management Inc. acquired a new position in F5 in the fourth quarter valued at $35,000. Hurley Capital LLC acquired a new position in F5 in the fourth quarter valued at $43,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after purchasing an additional 49 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on FFIV. JPMorgan Chase & Co. decreased their target price on F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Barclays decreased their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. William Blair reaffirmed an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Morgan Stanley increased their price target on shares of F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. Finally, Piper Sandler raised their price objective 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, F5 has an average rating of "Hold" and an average target price of $282.56.

Insider Buying and Selling

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the transaction, the chief executive officer now directly owns 148,647 shares of the company's stock, valued at $39,446,454.39. This trade represents a 0.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas Dean Fountain sold 1,347 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $269.03, for a total value of $362,383.41. Following the transaction, the executive vice president now directly owns 20,660 shares of the company's stock, valued at $5,558,159.80. The trade was a 6.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,519 shares of company stock valued at $2,370,959. 0.52% of the stock is owned by insiders.

F5 Price Performance

F5 stock opened at $289.09 on Friday. The stock's 50 day moving average price is $280.39 and its 200 day moving average price is $274.68. F5, Inc. has a 1-year low of $169.42 and a 1-year high of $313.00. The company has a market cap of $16.60 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last issued 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 company had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. The business's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.91 EPS. On average, equities research analysts anticipate that F5, Inc. will post 11.2 EPS for the current fiscal year.

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.

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