Lifeworks Advisors LLC Invests $825,000 in F5, Inc. (NASDAQ:FFIV)

Lifeworks Advisors LLC purchased a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,097 shares of the network technology company's stock, valued at approximately $825,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in F5 by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock worth $1,897,154,000 after buying an additional 64,261 shares during the period. Geode Capital Management LLC increased its stake in F5 by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock worth $402,536,000 after buying an additional 30,367 shares during the period. First Trust Advisors LP increased its stake in F5 by 3.1% during the 4th quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company's stock worth $316,814,000 after buying an additional 37,354 shares during the period. Northern Trust Corp increased its stake in F5 by 38.0% during the 4th quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock worth $229,597,000 after buying an additional 251,534 shares during the period. Finally, GAMMA Investing LLC increased its stake in F5 by 34,698.9% during the 1st quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock worth $198,661,000 after buying an additional 743,945 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Stock Down 0.8%

Shares of F5 stock traded down $2.56 during trading on Friday, hitting $299.37. The stock had a trading volume of 262,548 shares, compared to its average volume of 430,646. The stock has a 50 day simple moving average of $292.62 and a 200 day simple moving average of $280.78. The company has a market capitalization of $17.19 billion, a PE ratio of 28.40, a P/E/G ratio of 3.81 and a beta of 1.00. F5, Inc. has a 1 year low of $174.11 and a 1 year high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $719.91 million. During the same period in the previous year, the firm posted $2.91 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. As a group, equities analysts expect that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FFIV. Wolfe Research started coverage on shares of F5 in a research note on Monday, July 7th. They set an "outperform" rating on the stock. Needham & Company LLC reissued a "buy" rating and set a $320.00 price objective on shares of F5 in a report on Tuesday, April 29th. Morgan Stanley raised their price objective on shares of F5 from $280.00 to $305.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Wall Street Zen lowered shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, William Blair reaffirmed an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $291.44.

Insider Activity

In related news, EVP Thomas Dean Fountain sold 1,347 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $269.03, for a total transaction of $362,383.41. Following the transaction, the executive vice president directly owned 20,660 shares of the company's stock, valued at approximately $5,558,159.80. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael L. Dreyer sold 1,800 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the transaction, the director directly owned 4,376 shares in the company, valued at $1,251,360.96. The trade was a 29.15% 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 $2,408,594 in the last three months. 0.52% of the stock is currently owned by insiders.

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.