Zurcher Kantonalbank Zurich Cantonalbank Has $20.44 Million Stock Position in F5, Inc. (NASDAQ:FFIV)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank has decreased its stake in F5, Inc. by 3.3%, now owning 76,764 shares worth approximately $20.44 million.
• Wall Street analysts have varying ratings on F5, with one "sell," seven "hold," and three "buy" ratings, leading to an average rating of "Hold" and a consensus target price of $291.44.
• F5 reported earnings of $3.42 per share for the last quarter, surpassing estimates, with revenue of $590.16 million, reflecting a year-over-year growth of 7.3%.

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,764 shares of the network technology company's stock after selling 2,625 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.13% of F5 worth $20,440,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake in F5 by 275.0% during the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock valued at $28,000 after purchasing an additional 77 shares during the period. Park Square Financial Group LLC acquired a new stake in F5 during the 4th quarter valued at $31,000. Hurley Capital LLC acquired a new stake in F5 during the 4th quarter valued at $43,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in F5 during the 4th quarter valued at $60,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in F5 by 31.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 293 shares of the network technology company's stock valued at $78,000 after purchasing an additional 70 shares during the period. Institutional investors own 90.66% of the company's stock.

Insider Activity at F5

In related news, Director Michael L. Dreyer sold 1,800 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total value of $514,728.00. Following the transaction, the director owned 4,376 shares in the company, valued at approximately $1,251,360.96. This represents a 29.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $294.32, for a total transaction of $382,616.00. Following the completion of the sale, the chief executive officer directly owned 107,100 shares of the company's stock, valued at $31,521,672. This represents a 1.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,872 shares of company stock worth $1,702,309 in the last quarter. Corporate insiders own 0.52% of the company's stock.

F5 Price Performance

Shares of NASDAQ FFIV traded down $7.93 during midday trading on Friday, reaching $305.49. 354,500 shares of the stock were exchanged, compared to its average volume of 546,746. The business has a 50-day simple moving average of $294.02 and a two-hundred day simple moving average of $282.06. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 3.78 and a beta of 1.00. F5, Inc. has a 12 month low of $184.80 and a 12 month high of $334.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted 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. F5 had a net margin of 22.06% and a return on equity of 22.19%. The business had revenue of $780.37 million for the quarter, compared to analysts' expectations of $750.64 million. During the same period in the previous year, the firm posted $3.36 EPS. The firm's revenue was up 12.2% compared to the same quarter last year. Equities research analysts expect that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on FFIV shares. Barclays set a $321.00 target price on shares of F5 and gave the company an "equal weight" rating in a research note on Thursday. Morgan Stanley boosted their price target on shares of F5 from $305.00 to $312.00 and gave the company an "equal weight" rating in a report on Thursday. William Blair restated an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Wolfe Research assumed coverage on shares of F5 in a report on Monday, July 7th. They set an "outperform" rating on the stock. Finally, Needham & Company LLC boosted their price target on shares of F5 from $320.00 to $345.00 and gave the company a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $309.89.

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.