Genus Capital Management Inc. Acquires New Shares in F5, Inc. (NASDAQ:FFIV)

Genus Capital Management Inc. acquired a new position in F5, Inc. (NASDAQ:FFIV - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,170 shares of the network technology company's stock, valued at approximately $1,909,000.

Several other institutional investors also recently modified their holdings of FFIV. Jones Financial Companies Lllp grew its stake in shares of F5 by 4.3% in the fourth quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock worth $214,000 after purchasing an additional 35 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of F5 by 144.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 766 shares of the network technology company's stock worth $193,000 after purchasing an additional 453 shares during the last quarter. Assetmark Inc. grew its stake in shares of F5 by 9,740.0% in the fourth quarter. Assetmark Inc. now owns 984 shares of the network technology company's stock worth $247,000 after purchasing an additional 974 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of F5 in the fourth quarter worth $18,845,000. Finally, Raymond James Financial Inc. bought a new stake in shares of F5 in the fourth quarter worth $16,623,000. Institutional investors own 90.66% of the company's stock.

F5 Trading Down 2.7%

NASDAQ FFIV traded down $8.00 during trading hours on Friday, hitting $291.89. The company's stock had a trading volume of 451,303 shares, compared to its average volume of 563,603. F5, Inc. has a 52 week low of $170.21 and a 52 week high of $313.00. The company has a market capitalization of $16.76 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.82 and a beta of 1.00. The company's 50-day simple moving average is $288.11 and its two-hundred day simple moving average is $277.79.

F5 (NASDAQ:FFIV - Get Free Report) last posted its earnings results 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 21.14% and a return on equity of 21.18%. The firm had revenue of $590.16 million for the quarter, compared to analysts' expectations of $719.91 million. During the same quarter last year, the firm earned $2.91 EPS. The company's quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts anticipate that F5, Inc. will post 11.2 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael L. Dreyer sold 1,800 shares of F5 stock in a transaction that occurred on 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 owned 4,376 shares of the company's stock, valued at approximately $1,251,360.96. The trade was a 29.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan Higginson sold 1,272 shares of F5 stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total transaction of $364,669.68. Following the completion of the sale, the director directly owned 9,919 shares in the company, valued at $2,843,678.11. This trade represents a 11.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,519 shares of company stock worth $2,408,594. Corporate insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. William Blair restated an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Morgan Stanley boosted their target price on shares of F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Wall Street Zen lowered shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Piper Sandler boosted their target price on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Finally, Wolfe Research started coverage on shares of F5 in a report on Monday. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, F5 presently has a consensus rating of "Hold" and an average target price of $282.56.

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.