TD Asset Management Inc Buys 5,592 Shares of F5, Inc. (NASDAQ:FFIV)

Key Points

• TD Asset Management Inc increased its holdings in F5, Inc. by 33.5%, owning 22,261 shares worth approximately $5.93 million after acquiring an additional 5,592 shares.
• Several hedge funds have recently increased their stakes in F5, with Pacer Advisors Inc. raising its investment by 659.3% to own 316,992 shares valued at $84.4 million.
• Analysts have revised price targets for F5, Inc., with Piper Sandler raising its target from $304.00 to $355.00, indicating a generally positive sentiment despite mixed ratings from analysts.

TD Asset Management Inc grew its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 33.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,261 shares of the network technology company's stock after acquiring an additional 5,592 shares during the quarter. TD Asset Management Inc's holdings in F5 were worth $5,927,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake in shares of F5 by 275.0% in the first 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 in the last quarter. Park Square Financial Group LLC acquired a new position in shares of F5 in the fourth quarter valued at $31,000. Hurley Capital LLC acquired a new position in shares of F5 in the fourth quarter valued at $43,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of F5 in the fourth quarter valued at $60,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of F5 by 31.4% in the first 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 in the last quarter. 90.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FFIV has been the subject of a number of recent research reports. Wall Street Zen lowered F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Wolfe Research initiated coverage on F5 in a research note on Monday, July 7th. They set an "outperform" rating for the company. William Blair reiterated an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Morgan Stanley increased their price objective on F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, Needham & Company LLC increased their price objective on F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $309.89.

Insider Transactions at F5

In related news, Director Alan Higginson sold 1,272 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total value of $364,669.68. Following the transaction, the director owned 9,919 shares in the company, valued at $2,843,678.11. This trade represents a 11.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were 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 approximately $31,521,672. This represents a 1.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,872 shares of company stock worth $1,702,309 in the last ninety days. 0.52% of the stock is currently owned by insiders.

F5 Price Performance

Shares of FFIV stock traded down $5.99 during trading hours on Friday, hitting $307.43. 790,548 shares of the company's stock were exchanged, compared to its average volume of 533,669. The stock's 50-day moving average is $294.53 and its 200-day moving average is $282.67. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. F5, Inc. has a 52 week low of $184.80 and a 52 week high of $334.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, topping the consensus estimate of $3.49 by $0.67. The company had revenue of $780.37 million for the quarter, compared to analysts' expectations of $750.64 million. F5 had a return on equity of 21.77% and a net margin of 22.06%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.36 earnings per share. Equities research analysts forecast that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

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.