KLP Kapitalforvaltning AS Has $29.96 Million Position in F5, Inc. (NASDAQ:FFIV)

KLP Kapitalforvaltning AS lifted its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,534 shares of the network technology company's stock after buying an additional 26,100 shares during the period. KLP Kapitalforvaltning AS owned about 0.20% of F5 worth $29,964,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Coldstream Capital Management Inc. lifted its stake in shares of F5 by 3.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock valued at $240,000 after buying an additional 34 shares during the period. Colonial Trust Co SC lifted its stake in shares of F5 by 5.2% in the fourth quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock valued at $172,000 after buying an additional 34 shares during the period. Spire Wealth Management lifted its stake in shares of F5 by 11.9% in the first quarter. Spire Wealth Management now owns 451 shares of the network technology company's stock valued at $120,000 after buying an additional 48 shares during the period. HighTower Advisors LLC lifted its stake in shares of F5 by 5.3% in the fourth quarter. HighTower Advisors LLC now owns 966 shares of the network technology company's stock valued at $243,000 after buying an additional 49 shares during the period. Finally, Townsquare Capital LLC lifted its stake in F5 by 3.2% during the fourth quarter. Townsquare Capital LLC now owns 2,098 shares of the network technology company's stock worth $528,000 after purchasing an additional 66 shares during the period. Institutional investors own 90.66% of the company's stock.

F5 Stock Performance

Shares of NASDAQ FFIV traded down $2.56 during mid-day trading on Friday, hitting $299.37. 262,548 shares of the stock were exchanged, compared to its average volume of 430,646. The company has a market cap of $17.19 billion, a P/E ratio of 28.40, a PEG ratio of 3.78 and a beta of 1.00. The stock's fifty day simple moving average is $292.62 and its two-hundred day simple moving average is $280.93. F5, Inc. has a twelve month low of $174.11 and a twelve month high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted 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 company had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. The company's revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $2.91 earnings per share. As a group, equities research analysts predict that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FFIV has been the subject of a number of analyst reports. Morgan Stanley raised their price target on shares of F5 from $280.00 to $305.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Piper Sandler restated a "neutral" rating and set a $304.00 price target (up previously from $269.00) on shares of F5 in a research note on Monday, July 14th. Barclays cut their price target on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $290.00 price target 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 three have issued a buy rating to the company. Based on data from MarketBeat.com, F5 currently has an average rating of "Hold" and a consensus target price of $291.44.

Insider Activity at F5

In related news, Director Alan Higginson sold 1,272 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $286.69, for a total value of $364,669.68. Following the completion of the sale, the director owned 9,919 shares of the company's stock, valued at $2,843,678.11. This trade represents a 11.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael L. Dreyer sold 1,800 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the completion of the sale, the director directly owned 4,376 shares of the company's stock, valued at approximately $1,251,360.96. This represents a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,519 shares of company stock valued at $2,408,594. Insiders own 0.52% of the company's stock.

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.