Addenda Capital Inc. Boosts Stake in F5, Inc. (NASDAQ:FFIV)

Addenda Capital Inc. raised its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 5.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,098 shares of the network technology company's stock after buying an additional 2,784 shares during the period. Addenda Capital Inc. owned about 0.09% of F5 worth $14,138,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FFIV. Barclays PLC increased its position in F5 by 1.4% in the 3rd quarter. Barclays PLC now owns 144,572 shares of the network technology company's stock worth $31,836,000 after buying an additional 2,008 shares during the period. Blue Trust Inc. increased its holdings in shares of F5 by 51.9% in the fourth quarter. Blue Trust Inc. now owns 937 shares of the network technology company's stock valued at $236,000 after purchasing an additional 320 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of F5 during the 4th quarter worth approximately $227,000. Custom Index Systems LLC increased its stake in F5 by 16.0% in the fourth quarter. Custom Index Systems LLC now owns 3,288 shares of the network technology company's stock valued at $827,000 after purchasing an additional 453 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in shares of F5 by 2.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock worth $404,000 after buying an additional 44 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Stock Down 0.0%

F5 stock traded down $0.08 during trading hours on Thursday, reaching $293.75. 176,437 shares of the company's stock were exchanged, compared to its average volume of 566,273. The firm's 50 day simple moving average is $269.41 and its 200 day simple moving average is $270.07. F5, Inc. has a twelve month low of $164.45 and a twelve month high of $313.00. The firm has a market capitalization of $16.87 billion, a PE ratio of 29.20, a PEG ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $719.91 million. During the same quarter in the previous year, the business posted $2.91 EPS. F5's revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts anticipate that F5, Inc. will post 11.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FFIV shares. Piper Sandler upped their target price on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Barclays lowered their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Royal Bank of Canada restated a "sector perform" rating and issued a $290.00 target price on shares of F5 in a research report on Tuesday, April 29th. William Blair reiterated an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Finally, Needham & Company LLC reissued a "buy" rating and set a $320.00 target price on shares of F5 in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, F5 has a consensus rating of "Hold" and a consensus target price of $282.56.

Insider Activity at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the transaction, the chief executive officer now owns 148,647 shares in the company, valued at $39,446,454.39. This represents a 0.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marianne Budnik sold 1,872 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $260.72, for a total transaction of $488,067.84. Following the transaction, the director now owns 1,207 shares of the company's stock, valued at approximately $314,689.04. The trade was a 60.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,891 shares of company stock valued at $2,418,732. 0.52% of the stock is owned by corporate insiders.

F5 Company 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.