Chapin Davis Inc. Acquires Shares of 17,575 F5, Inc. (NASDAQ:FFIV)

Chapin Davis Inc. acquired a new position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,575 shares of the network technology company's stock, valued at approximately $4,680,000. F5 accounts for about 1.6% of Chapin Davis Inc.'s investment portfolio, making the stock its 15th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in F5 by 1,132.1% during the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company's stock worth $94,000 after purchasing an additional 317 shares during the last quarter. D.A. Davidson & CO. lifted its position in F5 by 22.7% in the 4th quarter. D.A. Davidson & CO. now owns 6,100 shares of the network technology company's stock valued at $1,534,000 after acquiring an additional 1,129 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of F5 by 79.1% during the 4th quarter. Venturi Wealth Management LLC now owns 573 shares of the network technology company's stock worth $144,000 after buying an additional 253 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock worth $80,000 after purchasing an additional 282 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in F5 by 2.8% during the 4th quarter. Handelsbanken Fonder AB now owns 14,900 shares of the network technology company's stock valued at $3,747,000 after acquiring an additional 400 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other F5 news, Director Elizabeth Buse sold 1,500 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total transaction of $440,295.00. Following the sale, the director now directly owns 5,013 shares of the company's stock, valued at approximately $1,471,465.89. This trade represents a 23.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Higginson sold 1,272 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now directly owns 9,919 shares in the company, valued at $2,843,678.11. This trade represents a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,519 shares of company stock valued at $2,370,959. Corporate insiders own 0.52% of the company's stock.

F5 Stock Up 0.2%

NASDAQ:FFIV opened at $287.13 on Monday. F5, Inc. has a 12 month low of $167.35 and a 12 month high of $313.00. The company's 50 day moving average is $277.78 and its 200-day moving average is $273.91. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 3.65 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.31. The firm had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. F5 had a return on equity of 21.18% and a net margin of 21.14%. The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.91 EPS. Research analysts predict that F5, Inc. will post 11.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FFIV. William Blair reiterated an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Piper Sandler lifted their price target on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Morgan Stanley boosted their target price on shares of F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 29th. Needham & Company LLC reissued a "buy" rating and issued a $320.00 price objective on shares of F5 in a research report on Tuesday, April 29th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $290.00 price objective 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 issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $282.56.

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.

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