F5, Inc. (NASDAQ:FFIV) Stake Increased by iA Global Asset Management Inc.

Key Points

• iA Global Asset Management Inc. increased its holdings in F5, Inc. by **131.1%**, acquiring an additional **4,412 shares** to own a total of **7,777 shares** worth approximately **$2.07 million**.
• Other institutional investors like **GAMMA Investing LLC** and **Pacer Advisors Inc.** also significantly increased their stakes, with GAMMA growing its position by **34,698.9%**, now holding **746,089 shares** valued at about **$198.66 million**.
• F5, Inc. reported quarterly earnings of **$4.16 per share**, surpassing analysts' expectations of **$3.49**, with revenues of **$780.37 million** for the quarter, which is a **12.2%** increase year-over-year.

iA Global Asset Management Inc. raised its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 131.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,777 shares of the network technology company's stock after acquiring an additional 4,412 shares during the period. iA Global Asset Management Inc.'s holdings in F5 were worth $2,071,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in F5 by 275.0% in the 1st 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 period. Park Square Financial Group LLC purchased a new stake in F5 in the 4th quarter valued at about $31,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in F5 in the 4th quarter valued at about $60,000. MassMutual Private Wealth & Trust FSB boosted its position in F5 by 31.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 293 shares of the network technology company's stock valued at $78,000 after buying an additional 70 shares during the period. Finally, CoreCap Advisors LLC boosted its position in F5 by 314.8% in the 4th quarter. CoreCap Advisors LLC now owns 365 shares of the network technology company's stock valued at $92,000 after buying an additional 277 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Insider Activity

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $308.14, for a total transaction of $400,582.00. Following the transaction, the chief executive officer directly owned 110,153 shares of the company's stock, valued at $33,942,545.42. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth Buse sold 1,500 shares of F5 stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total transaction of $440,295.00. Following the transaction, the director directly owned 5,013 shares in the company, valued at approximately $1,471,465.89. This trade represents a 23.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,519 shares of company stock valued at $2,520,097 over the last quarter. 0.52% of the stock is owned by insiders.

F5 Stock Up 1.4%

Shares of FFIV traded up $4.54 during mid-day trading on Friday, hitting $321.77. The company had a trading volume of 403,237 shares, compared to its average volume of 571,922. The business's 50-day simple moving average is $298.24 and its 200-day simple moving average is $284.32. F5, Inc. has a 1-year low of $188.31 and a 1-year high of $334.00. The stock has a market cap of $18.49 billion, a PE ratio of 28.35, a P/E/G ratio of 3.71 and a beta of 1.03.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, beating analysts' consensus estimates of $3.49 by $0.67. The firm had revenue of $780.37 million for the quarter, compared to analysts' expectations of $750.64 million. F5 had a net margin of 22.06% and a return on equity of 21.77%. F5's revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.36 earnings per share. On average, sell-side analysts expect that F5, Inc. will post 11.2 earnings per share for the current year.

Analysts Set New Price Targets

FFIV has been the subject of several research reports. Morgan Stanley upped their price target on shares of F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Royal Bank Of Canada increased their price objective on shares of F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Needham & Company LLC raised their price target on shares of F5 from $320.00 to $345.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. William Blair reaffirmed an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $309.89.

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.