AlphaCore Capital LLC Invests $365,000 in F5, Inc. (NASDAQ:FFIV)

Key Points

• AlphaCore Capital LLC acquired 1,372 shares of F5, Inc. (NASDAQ:FFIV) valued at approximately $365,000 in the first quarter.
• Several institutional investors, including GAMMA Investing LLC, Robeco Institutional Asset Management, and Pacer Advisors Inc., significantly increased their stakes in F5, highlighting strong investor interest.
• F5 reported a strong quarterly earnings performance with an EPS of $4.16, exceeding analysts' estimates by $0.67, and revenue of $780.37 million, up 12.2% year-over-year.

AlphaCore Capital LLC acquired a new position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,372 shares of the network technology company's stock, valued at approximately $365,000.

Other large investors also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC grew its stake in F5 by 134.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company's stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of F5 by 275.0% during the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock worth $28,000 after purchasing an additional 77 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of F5 during the 4th quarter worth about $31,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of F5 during the 4th quarter worth about $60,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of F5 by 31.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 293 shares of the network technology company's stock worth $78,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Buying and Selling at F5

In other news, Director Alan Higginson sold 1,272 shares of F5 stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total transaction of $364,669.68. Following the completion of the sale, the director directly owned 9,919 shares in the company, valued at $2,843,678.11. The trade was a 11.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $308.14, for a total value of $400,582.00. Following the sale, the chief executive officer owned 110,153 shares of the company's stock, valued at approximately $33,942,545.42. This represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,519 shares of company stock worth $2,520,097 over the last quarter. Insiders own 0.52% of the company's stock.

F5 Stock Performance

FFIV traded up $8.36 during trading on Tuesday, reaching $326.47. The company had a trading volume of 770,360 shares, compared to its average volume of 552,371. The firm's 50-day simple moving average is $298.88 and its 200 day simple moving average is $284.80. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 3.76 and a beta of 1.03. F5, Inc. has a 12-month low of $189.39 and a 12-month high of $334.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.67. F5 had a return on equity of 21.77% and a net margin of 22.06%. The company had revenue of $780.37 million for the quarter, compared to analysts' expectations of $750.64 million. During the same quarter in the previous year, the business posted $3.36 EPS. The business's revenue for the quarter was up 12.2% on a year-over-year basis. On average, sell-side analysts expect that F5, Inc. will post 11.2 EPS for the current year.

Analyst Upgrades and Downgrades

FFIV has been the topic of several research reports. Needham & Company LLC raised their price target on shares of F5 from $320.00 to $345.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on shares of F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Wall Street Zen lowered F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, William Blair restated 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 and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $309.89.

About F5

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.