Citigroup Inc. Has $23.39 Million Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Citigroup Inc. lifted its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 23.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,841 shares of the network technology company's stock after purchasing an additional 16,456 shares during the period. Citigroup Inc. owned 0.15% of F5 worth $23,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Swiss National Bank lifted its position in F5 by 0.5% during the first quarter. Swiss National Bank now owns 165,400 shares of the network technology company's stock worth $44,041,000 after acquiring an additional 800 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of F5 in the first quarter worth $365,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in F5 by 12.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 103,291 shares of the network technology company's stock valued at $27,503,000 after acquiring an additional 11,404 shares during the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of F5 by 71.0% during the first quarter. Ontario Teachers Pension Plan Board now owns 6,670 shares of the network technology company's stock valued at $1,776,000 after purchasing an additional 2,769 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of F5 by 10.1% in the 1st quarter. Deutsche Bank AG now owns 330,805 shares of the network technology company's stock worth $88,083,000 after acquiring an additional 30,341 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Insider Activity

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $308.14, for a total transaction of $400,582.00. Following the sale, the chief executive officer directly owned 110,153 shares of the company's stock, valued at $33,942,545.42. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael L. Dreyer sold 1,800 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total value of $514,728.00. Following the sale, the director owned 4,376 shares of the company's stock, valued at approximately $1,251,360.96. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,816 shares of company stock worth $4,227,002 in the last quarter. Corporate insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Needham & Company LLC increased their target price on shares of F5 from $320.00 to $345.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada boosted 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. Wolfe Research assumed coverage on shares of F5 in a research note on Monday, July 7th. They set an "outperform" rating on the stock. Morgan Stanley boosted their price objective 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. Finally, William Blair reissued an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $309.89.

F5 Price Performance

NASDAQ FFIV traded down $3.16 on Friday, hitting $315.34. The company had a trading volume of 327,752 shares, compared to its average volume of 583,240. The company has a market capitalization of $18.12 billion, a PE ratio of 27.78, a PEG ratio of 3.64 and a beta of 1.03. The company's fifty day moving average price is $301.13 and its 200-day moving average price is $285.97. F5, Inc. has a 12-month low of $194.45 and a 12-month high of $334.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted 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 company had revenue of $780.37 million for the quarter, compared to analysts' expectations of $750.64 million. During the same quarter in the prior year, the company posted $3.36 earnings per share. F5's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that F5, Inc. will post 11.2 EPS for the current year.

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.