Berger Financial Group Inc Sells 5,809 Shares of F5, Inc. (NASDAQ:FFIV)

Key Points

• Berger Financial Group Inc reduced its stake in F5, Inc. by 21.1%, now holding 21,675 shares worth approximately $5.77 million.
• Several hedge funds significantly increased their stakes in F5, with GAMMA Investing LLC boosting its ownership by a staggering 34,698.9%.
• F5 recently reported strong quarterly earnings, with earnings per share of $4.16, exceeding expectations and reflecting a 12.2% year-over-year revenue growth.

Berger Financial Group Inc cut its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,675 shares of the network technology company's stock after selling 5,809 shares during the quarter. Berger Financial Group Inc's holdings in F5 were worth $5,771,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of F5 by 134.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company's stock valued at $27,000 after buying an additional 59 shares during the period. Golden State Wealth Management LLC increased its position in shares of F5 by 275.0% during the first 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 during the period. Park Square Financial Group LLC bought a new stake in F5 during the fourth quarter valued at approximately $31,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in F5 in the 4th quarter worth approximately $60,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in F5 by 31.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 293 shares of the network technology company's stock worth $78,000 after buying an additional 70 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at F5

In related 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 value of $364,669.68. Following the completion of the sale, the director directly owned 9,919 shares in the company, valued at approximately $2,843,678.11. This trade represents a 11.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $309.73, for a total value of $417,206.31. Following the completion of the sale, the executive vice president owned 20,699 shares of the company's stock, valued at $6,411,101.27. The trade was a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,519 shares of company stock worth $2,520,097 over the last quarter. Corporate insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

FFIV has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. William Blair reiterated an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Barclays increased their price target on shares of F5 from $274.00 to $321.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $309.89.

F5 Trading Up 2.6%

F5 stock traded up $8.36 on Tuesday, hitting $326.47. 770,360 shares of the stock traded hands, compared to its average volume of 552,371. The firm has a market cap of $18.76 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 3.76 and a beta of 1.03. The business's fifty day simple moving average is $298.88 and its 200 day simple moving average is $284.80. F5, Inc. has a 1 year low of $189.39 and a 1 year high of $334.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, beating the consensus estimate of $3.49 by $0.67. The business had revenue of $780.37 million during the quarter, compared to analyst estimates of $750.64 million. F5 had a return on equity of 21.77% and a net margin of 22.06%. The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.36 earnings per share. As a group, analysts predict that F5, Inc. will post 11.2 earnings per share for the current 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.