F5, Inc. (NASDAQ:FFIV) Stake Boosted by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC increased its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 149.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,231 shares of the network technology company's stock after purchasing an additional 1,935 shares during the quarter. Kesler Norman & Wride LLC's holdings in F5 were worth $860,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in F5 by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock valued at $1,897,154,000 after buying an additional 64,261 shares during the last quarter. Geode Capital Management LLC lifted its stake in F5 by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock valued at $402,536,000 after buying an additional 30,367 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of F5 by 3.1% during the fourth quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company's stock valued at $316,814,000 after purchasing an additional 37,354 shares during the period. Northern Trust Corp increased its holdings in shares of F5 by 38.0% during the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock valued at $229,597,000 after purchasing an additional 251,534 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of F5 by 34,698.9% during the first quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock valued at $198,661,000 after purchasing an additional 743,945 shares during the period. 90.66% of the stock is currently owned by institutional investors.

F5 Stock Down 2.7%

NASDAQ:FFIV opened at $291.89 on Friday. F5, Inc. has a 52-week low of $170.21 and a 52-week high of $313.00. The firm has a market cap of $16.76 billion, a P/E ratio of 27.69, a PEG ratio of 3.82 and a beta of 1.00. The business's 50-day moving average price is $288.11 and its 200 day moving average price is $277.79.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating analysts' consensus estimates of $3.11 by $0.31. F5 had a return on equity of 21.18% and a net margin of 21.14%. The business had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. During the same quarter last year, the company posted $2.91 EPS. F5's revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts expect that F5, Inc. will post 11.2 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $294.32, for a total value of $382,616.00. Following the completion of the transaction, the chief executive officer owned 107,100 shares in the company, valued at $31,521,672. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth Buse sold 1,500 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total value of $440,295.00. Following the completion of the transaction, the director owned 5,013 shares of the company's stock, valued at $1,471,465.89. This trade represents a 23.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,519 shares of company stock worth $2,408,594 over the last three months. Company insiders own 0.52% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FFIV shares. Barclays lowered their price target on F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. 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. William Blair reissued an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Royal Bank Of Canada reissued a "sector perform" rating and set a $290.00 price target on shares of F5 in a report on Tuesday, April 29th. Finally, Piper Sandler raised their price target on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $282.56.

F5 Company 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.

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