F5, Inc. (NASDAQ:FFIV) is Harbor Capital Advisors Inc.'s 5th Largest Position

Harbor Capital Advisors Inc. boosted its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 6.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,232 shares of the network technology company's stock after buying an additional 4,660 shares during the period. F5 accounts for approximately 0.9% of Harbor Capital Advisors Inc.'s portfolio, making the stock its 5th largest position. Harbor Capital Advisors Inc. owned 0.13% of F5 worth $20,032,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Coldstream Capital Management Inc. boosted its holdings in shares of F5 by 3.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock valued at $240,000 after acquiring an additional 34 shares during the last quarter. Colonial Trust Co SC lifted its holdings in F5 by 5.2% in the fourth quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock valued at $172,000 after acquiring an additional 34 shares during the period. Jones Financial Companies Lllp grew its stake in shares of F5 by 4.3% during the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock valued at $214,000 after purchasing an additional 35 shares during the period. AMG National Trust Bank lifted its stake in shares of F5 by 0.5% in the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock worth $1,987,000 after purchasing an additional 37 shares during the period. Finally, HighTower Advisors LLC grew its position in F5 by 5.3% during the fourth quarter. HighTower Advisors LLC now owns 966 shares of the network technology company's stock valued at $243,000 after buying an additional 49 shares during the period. 90.66% of the stock is owned by institutional investors.

F5 Trading Down 0.4%

Shares of NASDAQ:FFIV traded down $1.07 during trading on Tuesday, reaching $293.66. The company's stock had a trading volume of 269,084 shares, compared to its average volume of 565,252. The firm's 50 day simple moving average is $270.94 and its two-hundred day simple moving average is $271.55. F5, Inc. has a 12 month low of $164.67 and a 12 month high of $313.00. The stock has a market capitalization of $16.87 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

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

Analyst Ratings Changes

FFIV has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. William Blair restated an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Needham & Company LLC reissued a "buy" rating and set a $320.00 price target on shares of F5 in a report on Tuesday, April 29th. Piper Sandler lifted their price target 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, Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $282.56.

Insider Activity at F5

In other F5 news, Director Marianne Budnik sold 1,872 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the sale, the director now owns 1,207 shares in the company, valued at $314,689.04. This trade represents a 60.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $264.54, for a total transaction of $343,902.00. Following the completion of the transaction, the chief executive officer now owns 151,700 shares in the company, valued at approximately $40,130,718. The trade was a 0.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,891 shares of company stock worth $2,418,732. Insiders own 0.52% of the company's stock.

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.