IFM Investors Pty Ltd Has $3.33 Million Position in F5, Inc. (NASDAQ:FFIV)

IFM Investors Pty Ltd lifted its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 7.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,519 shares of the network technology company's stock after purchasing an additional 858 shares during the period. IFM Investors Pty Ltd's holdings in F5 were worth $3,333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Golden State Wealth Management LLC grew its position in shares of 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 purchasing an additional 77 shares during the period. Park Square Financial Group LLC purchased a new stake in F5 in the fourth quarter valued at approximately $31,000. Crowley Wealth Management Inc. purchased a new stake in F5 in the fourth quarter valued at approximately $35,000. Hurley Capital LLC purchased a new stake in F5 in the fourth quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC grew its holdings in F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Price Performance

Shares of FFIV stock traded up $3.15 during trading hours on Tuesday, reaching $302.41. The stock had a trading volume of 544,647 shares, compared to its average volume of 551,835. F5, Inc. has a twelve month low of $170.21 and a twelve month high of $313.00. The firm has a 50-day simple moving average of $285.43 and a 200-day simple moving average of $276.88. The firm has a market capitalization of $17.37 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 3.82 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping analysts' consensus estimates of $3.11 by $0.31. The business had revenue of $590.16 million for the quarter, compared to analysts' expectations of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.91 EPS. On average, equities analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

FFIV has been the subject of several research reports. Piper Sandler boosted their price objective on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. decreased their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Morgan Stanley boosted their target price on shares of F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Barclays reduced their target price on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $282.56.

Insider Buying and Selling

In other news, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $269.03, for a total value of $362,383.41. Following the transaction, the executive vice president directly owned 20,660 shares of the company's stock, valued at $5,558,159.80. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth Buse sold 1,500 shares of F5 stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total transaction of $440,295.00. Following the completion of 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. Over the last three months, insiders have sold 8,519 shares of company stock worth $2,408,594. 0.52% of the stock is owned by insiders.

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.