F5, Inc. (NASDAQ:FFIV) Shares Bought by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC lifted its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 27.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,203 shares of the network technology company's stock after acquiring an additional 914 shares during the period. Fairvoy Private Wealth LLC's holdings in F5 were worth $1,119,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Savant Capital LLC lifted its holdings in shares of F5 by 11.8% during the fourth quarter. Savant Capital LLC now owns 1,119 shares of the network technology company's stock worth $281,000 after purchasing an additional 118 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of F5 by 457.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company's stock worth $7,899,000 after purchasing an additional 25,748 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of F5 by 18.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 33,063 shares of the network technology company's stock worth $8,452,000 after purchasing an additional 5,062 shares during the period. Banque Pictet & Cie SA acquired a new stake in shares of F5 during the fourth quarter worth $4,670,000. Finally, New York State Teachers Retirement System lifted its holdings in shares of F5 by 6.6% during the fourth quarter. New York State Teachers Retirement System now owns 54,040 shares of the network technology company's stock worth $13,589,000 after purchasing an additional 3,345 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michael L. Dreyer sold 1,800 shares of the business'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 sale, the director now directly owns 4,376 shares in the company, valued at $1,251,360.96. The trade was a 29.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the transaction, the chief executive officer now directly owns 148,647 shares of the company's stock, valued at $39,446,454.39. The trade was a 0.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,519 shares of company stock worth $2,370,959 in the last three months. Corporate insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FFIV shares. Needham & Company LLC reissued a "buy" rating and issued a $320.00 target price on shares of F5 in a report on Tuesday, April 29th. Piper Sandler raised their target price on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Royal Bank of Canada reissued a "sector perform" rating and issued a $290.00 target price on shares of F5 in a report on Tuesday, April 29th. Barclays reduced their target price on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. One 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. According to data from MarketBeat.com, F5 presently has an average rating of "Hold" and a consensus target price of $282.56.

F5 Stock Down 1.7%

Shares of F5 stock traded down $5.05 on Friday, hitting $286.61. The company's stock had a trading volume of 253,468 shares, compared to its average volume of 564,349. F5, Inc. has a 52-week low of $165.68 and a 52-week high of $313.00. The firm has a fifty day moving average price of $274.73 and a 200-day moving average price of $272.54. The company has a market capitalization of $16.46 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

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

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.