1,961 Shares in F5, Inc. (NASDAQ:FFIV) Acquired by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. acquired nearly 2,000 shares of F5, Inc. for approximately $522,000 in the first quarter of the year, highlighting growing institutional interest in the company.
• F5, Inc. reported a significant earnings beat with $4.16 EPS for the last quarter, exceeding analysts' expectations of $3.49, while revenue also surpassed forecasts.
• Multiple analysts have recently increased their price targets for F5, with Piper Sandler raising its target from $304 to $355, indicating positive sentiment toward the stock's future performance.

ASR Vermogensbeheer N.V. bought a new position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,961 shares of the network technology company's stock, valued at approximately $522,000.

Other hedge funds have also recently made changes to their positions in the company. Coldstream Capital Management Inc. increased its stake in F5 by 3.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock worth $240,000 after buying an additional 34 shares during the period. Colonial Trust Co SC increased its stake in F5 by 5.2% during the 4th quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock worth $172,000 after buying an additional 34 shares during the period. Spire Wealth Management increased its stake in F5 by 11.9% during the 1st quarter. Spire Wealth Management now owns 451 shares of the network technology company's stock worth $120,000 after buying an additional 48 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in F5 by 134.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company's stock worth $27,000 after buying an additional 59 shares during the period. Finally, Townsquare Capital LLC increased its stake in F5 by 3.2% during the 4th quarter. Townsquare Capital LLC now owns 2,098 shares of the network technology company's stock worth $528,000 after buying an additional 66 shares during the period. 90.66% of the stock is owned by institutional investors.

F5 Stock Performance

F5 stock traded down $0.68 during midday trading on Wednesday, hitting $325.79. 492,209 shares of the company's stock were exchanged, compared to its average volume of 550,714. The stock has a market cap of $18.72 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 3.72 and a beta of 1.03. F5, Inc. has a 12-month low of $190.94 and a 12-month high of $334.00. The firm's 50 day simple moving average is $299.60 and its 200 day simple moving average is $285.09.

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

Insider Buying and Selling at F5

In other news, Director Michael L. Dreyer sold 1,800 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the transaction, the director directly owned 4,376 shares in the company, valued at $1,251,360.96. The trade was a 29.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Chad Michael Whalen sold 5,297 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $322.24, for a total transaction of $1,706,905.28. Following the transaction, the executive vice president owned 23,591 shares in the company, valued at $7,601,963.84. The trade was a 18.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,816 shares of company stock valued at $4,227,002. Insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FFIV. Needham & Company LLC upped their target price on shares of F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Royal Bank Of Canada increased their price objective on shares of F5 from $314.00 to $326.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Piper Sandler increased their price objective on shares of F5 from $304.00 to $355.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Wolfe Research started coverage on shares of F5 in a research report on Monday, July 7th. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, F5 presently has an average rating of "Hold" and a consensus price target of $309.89.

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.