F5, Inc. (NASDAQ:FFIV) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC lifted its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 59.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,609 shares of the network technology company's stock after purchasing an additional 976 shares during the quarter. Simon Quick Advisors LLC's holdings in F5 were worth $695,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FFIV. GAMMA Investing LLC increased its stake 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 worth $198,661,000 after buying an additional 743,945 shares during the period. Norges Bank purchased a new stake in shares of F5 during the fourth quarter worth approximately $171,127,000. Arrowstreet Capital Limited Partnership increased its stake in shares of F5 by 598.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock worth $106,944,000 after buying an additional 364,372 shares during the period. Northern Trust Corp increased its stake 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 worth $229,597,000 after buying an additional 251,534 shares during the period. Finally, Edge Capital Group LLC purchased a new stake in shares of F5 during the fourth quarter worth approximately $59,623,000. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Stock Down 1.7%

F5 stock traded down $5.05 during mid-day trading on Friday, hitting $286.61. The company had a trading volume of 253,468 shares, compared to its average volume of 564,072. The stock has a market cap of $16.46 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 3.85 and a beta of 1.00. F5, Inc. has a 1 year low of $165.68 and a 1 year high of $313.00. The business has a fifty day moving average of $274.73 and a 200 day moving average of $272.38.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.11 by $0.31. The business had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $2.91 earnings per share. Equities analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FFIV shares. JPMorgan Chase & Co. cut their target price on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Piper Sandler upped their target price on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Barclays cut their target price on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. William Blair restated an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued 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 two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $282.56.

Insider Transactions at F5

In other news, EVP Thomas Dean Fountain sold 1,347 shares of the firm'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 transaction, the executive vice president now directly owns 20,660 shares in the company, valued at approximately $5,558,159.80. This trade represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $264.54, for a total transaction of $343,902.00. Following the transaction, the chief executive officer now owns 151,700 shares in the company, valued at approximately $40,130,718. This trade represents a 0.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,519 shares of company stock worth $2,370,959. Insiders own 0.52% of the company's stock.

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.