Cwm LLC Has $941,000 Holdings in F5, Inc. (NASDAQ:FFIV)

CWM LLC grew its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 102.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,534 shares of the network technology company's stock after purchasing an additional 1,791 shares during the period. CWM LLC's holdings in F5 were worth $941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FFIV. GAMMA Investing LLC lifted its holdings in shares of F5 by 34,698.9% during the 1st quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock worth $198,661,000 after acquiring an additional 743,945 shares during the period. Norges Bank bought a new position in shares of F5 during the 4th quarter worth about $171,127,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of F5 by 598.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock worth $106,944,000 after acquiring an additional 364,372 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of F5 by 110.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company's stock worth $149,242,000 after acquiring an additional 294,050 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of F5 by 38.0% during the 4th quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock worth $229,597,000 after acquiring an additional 251,534 shares during the period. 90.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FFIV shares. JPMorgan Chase & Co. raised 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 downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Needham & Company LLC reissued a "buy" rating and set a $320.00 price target on shares of F5 in a report on Tuesday, April 29th. Piper Sandler reissued a "neutral" rating and set a $304.00 price target (up from $269.00) on shares of F5 in a report on Monday, July 14th. Finally, Wolfe Research started coverage on shares of F5 in a report on Monday, July 7th. They set an "outperform" rating for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $291.44.

Insider Activity

In related news, EVP Thomas Dean Fountain sold 1,347 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $269.03, for a total transaction of $362,383.41. Following the completion of the transaction, the executive vice president owned 20,660 shares in the company, valued at approximately $5,558,159.80. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizabeth Buse sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total transaction of $440,295.00. Following the transaction, the director owned 5,013 shares of the company's stock, valued at approximately $1,471,465.89. This represents a 23.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,519 shares of company stock valued at $2,408,594. 0.52% of the stock is currently owned by company insiders.

F5 Trading Up 0.3%

Shares of NASDAQ:FFIV traded up $0.88 during trading on Friday, hitting $302.81. 35,300 shares of the company's stock were exchanged, compared to its average volume of 537,292. F5, Inc. has a 1-year low of $174.11 and a 1-year high of $313.00. The firm has a 50-day moving average price of $292.33 and a two-hundred day moving average price of $280.49. The firm has a market cap of $17.39 billion, a P/E ratio of 28.73, a PEG ratio of 3.80 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, topping the consensus estimate of $3.11 by $0.31. The company had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. F5's revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.91 EPS. As a group, research analysts predict that F5, Inc. will post 11.2 EPS 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.