Livforsakringsbolaget Skandia Omsesidigt Boosts Stake in F5, Inc. (NASDAQ:FFIV)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 19.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 24,487 shares of the network technology company's stock after purchasing an additional 4,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in F5 were worth $6,512,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of F5 by 34,698.9% during the 1st quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock valued at $198,661,000 after acquiring an additional 743,945 shares during the last quarter. Norges Bank purchased a new position in shares of F5 during the 4th quarter valued at about $171,127,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of F5 by 598.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock valued at $106,944,000 after buying an additional 364,372 shares in the last quarter. Northern Trust Corp increased its stake in shares of F5 by 38.0% during the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock valued at $229,597,000 after buying an additional 251,534 shares during the period. Finally, Edge Capital Group LLC purchased a new position in shares of F5 during the fourth quarter valued at approximately $59,623,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insiders Place Their Bets

In other F5 news, Director Marianne Budnik sold 1,872 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the transaction, the director now owns 1,207 shares of the company's stock, valued at $314,689.04. This represents a 60.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael L. Dreyer sold 1,800 shares of F5 stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total value of $514,728.00. Following the transaction, the director now owns 4,376 shares in the company, valued at approximately $1,251,360.96. The trade was a 29.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,891 shares of company stock worth $2,418,732. 0.52% of the stock is owned by corporate insiders.

F5 Price Performance

F5 stock traded down $0.77 during trading hours on Wednesday, hitting $292.89. 251,049 shares of the stock traded hands, compared to its average volume of 565,618. The firm's 50 day moving average price is $271.79 and its 200-day moving average price is $271.70. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 3.85 and a beta of 1.00. F5, Inc. has a 1 year low of $165.68 and a 1 year high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last issued its earnings results on Monday, April 28th. The network technology company reported $3.42 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 firm had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same quarter in the prior year, the business earned $2.91 earnings per share. The company's revenue was up 7.3% compared to the same quarter last year. Research analysts forecast that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FFIV shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $320.00 price target on shares of F5 in a research note on Tuesday, April 29th. Royal Bank of Canada reissued a "sector perform" rating and issued a $290.00 target price on shares of F5 in a report on Tuesday, April 29th. Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. dropped their target price on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Piper Sandler boosted their target price on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $282.56.

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.