GAMMA Investing LLC Has $198.66 Million Holdings in F5, Inc. (NASDAQ:FFIV)

GAMMA Investing LLC grew its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 34,698.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 746,089 shares of the network technology company's stock after acquiring an additional 743,945 shares during the period. GAMMA Investing LLC owned 1.29% of F5 worth $198,661,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Park Square Financial Group LLC bought a new position in shares of F5 in the 4th quarter valued at about $31,000. Crowley Wealth Management Inc. bought a new position in shares of F5 in the 4th quarter valued at about $35,000. Hurley Capital LLC bought a new position in shares of F5 in the 4th quarter valued at about $43,000. EverSource Wealth Advisors LLC grew its holdings in F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after purchasing an additional 49 shares during the period. Finally, Smithfield Trust Co bought a new position in F5 during the fourth quarter worth about $57,000. Institutional investors own 90.66% of the company's stock.

F5 Stock Performance

Shares of NASDAQ FFIV traded up $0.13 during midday trading on Thursday, reaching $293.96. The company's stock had a trading volume of 471,505 shares, compared to its average volume of 568,368. F5, Inc. has a fifty-two week low of $164.45 and a fifty-two week high of $313.00. The business's 50 day moving average price is $269.96 and its two-hundred day moving average price is $270.44. The company has a market cap of $16.88 billion, a P/E ratio of 29.22, a P/E/G ratio of 3.85 and a beta of 1.00.

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 net margin of 20.58% and a return on equity of 20.98%. The company had revenue of $590.16 million during the quarter, compared to the consensus estimate of $719.91 million. During the same period in the previous year, the business earned $2.91 earnings per share. The firm's quarterly revenue was up 7.3% on a year-over-year basis. Sell-side analysts forecast that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FFIV has been the subject of a number of research analyst reports. William Blair reiterated an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Needham & Company LLC reiterated a "buy" rating and set a $320.00 price target on shares of F5 in a report on Tuesday, April 29th. Morgan Stanley lifted their price target on F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 29th. Barclays reduced their price objective 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 cut F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $282.56.

Insider Buying and Selling at F5

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the sale, the chief executive officer now owns 148,647 shares of the company's stock, valued at $39,446,454.39. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Marianne Budnik sold 1,872 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the sale, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,891 shares of company stock worth $2,418,732 over the last three months. Corporate insiders own 0.52% of the company's stock.

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.