F5, Inc. (NASDAQ:FFIV) Stock Position Raised by Federated Hermes Inc.

Federated Hermes Inc. boosted its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 1,306.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,902 shares of the network technology company's stock after purchasing an additional 109,519 shares during the quarter. Federated Hermes Inc. owned approximately 0.20% of F5 worth $31,394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake in 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 buying an additional 77 shares during the last quarter. Park Square Financial Group LLC bought a new stake in F5 in the 4th quarter valued at about $31,000. Hurley Capital LLC acquired a new position in F5 during the 4th quarter valued at about $43,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in F5 in the 4th quarter worth about $60,000. Finally, MassMutual Private Wealth & Trust FSB increased 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 during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Stock Performance

NASDAQ FFIV traded down $5.99 on Friday, reaching $307.43. The company's stock had a trading volume of 790,548 shares, compared to its average volume of 494,142. F5, Inc. has a twelve month low of $184.80 and a twelve month high of $334.00. The firm's 50 day moving average is $294.53 and its two-hundred day moving average is $282.40. The stock has a market cap of $17.66 billion, a PE ratio of 27.09, a PEG ratio of 3.96 and a beta of 1.03.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results 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 21.77%. The business had revenue of $780.37 million during the quarter, compared to analyst estimates of $750.64 million. During the same period in the prior year, the business earned $3.36 earnings per share. The business's quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts anticipate that F5, Inc. will post 11.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. William Blair reiterated an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Piper Sandler lifted their target price on F5 from $304.00 to $355.00 and gave the company a "neutral" rating in a research note on Thursday. Morgan Stanley boosted their price target on F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a research report on Thursday. Wolfe Research assumed coverage on F5 in a research report on Monday, July 7th. They set an "outperform" rating for the company. Finally, Royal Bank Of Canada boosted their price target on F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a research report on Thursday. One 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. Based on data from MarketBeat.com, F5 has a consensus rating of "Hold" and a consensus target price of $309.89.

Insider Buying and Selling at F5

In related news, Director Michael L. Dreyer sold 1,800 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total value of $514,728.00. Following the completion of the transaction, the director owned 4,376 shares in the company, valued at $1,251,360.96. This trade represents a 29.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the company'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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,872 shares of company stock valued at $1,702,309 in the last ninety days. Company 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.