LPL Financial LLC Has $7.81 Million Holdings in F5, Inc. (NASDAQ:FFIV)

LPL Financial LLC raised its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 44.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,328 shares of the network technology company's stock after purchasing an additional 9,079 shares during the quarter. LPL Financial LLC owned about 0.05% of F5 worth $7,809,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FFIV. GAMMA Investing LLC boosted its position in shares of F5 by 34,698.9% in the first 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. Robeco Institutional Asset Management B.V. boosted its position in shares of F5 by 110.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company's stock worth $149,242,000 after buying an additional 294,050 shares during the period. Pacer Advisors Inc. boosted its position in F5 by 659.3% during the first quarter. Pacer Advisors Inc. now owns 316,992 shares of the network technology company's stock valued at $84,405,000 after purchasing an additional 275,244 shares during the last quarter. Northern Trust Corp boosted its position in 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 purchasing an additional 251,534 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in F5 by 400.3% in the 4th quarter. Voya Investment Management LLC now owns 220,291 shares of the network technology company's stock worth $55,397,000 after purchasing an additional 176,260 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FFIV has been the topic of several research reports. Wolfe Research initiated coverage on F5 in a research report on Monday, July 7th. They issued an "outperform" rating on the stock. Royal Bank Of Canada upped their target price on F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Piper Sandler upped their target price on F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Needham & Company LLC upped their target price on F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley raised their target price on F5 from $305.00 to $312.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, F5 has an average rating of "Hold" and an average price target of $309.89.

F5 Trading Down 2.1%

FFIV stock traded down $6.89 during trading on Thursday, reaching $318.91. 153,547 shares of the stock were exchanged, compared to its average volume of 549,350. F5, Inc. has a twelve month low of $193.70 and a twelve month high of $334.00. The company has a market capitalization of $18.32 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 3.81 and a beta of 1.03. The stock has a 50 day simple moving average of $300.24 and a 200-day simple moving average of $285.37.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, topping analysts' consensus estimates of $3.49 by $0.67. F5 had a return on equity of 21.77% and a net margin of 22.06%. The business had revenue of $780.37 million for the quarter, compared to the consensus estimate of $750.64 million. During the same period last year, the business earned $3.36 earnings per share. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts predict that F5, Inc. will post 11.2 EPS for the current year.

Insider Activity at F5

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 stock was sold at an average price of $308.14, for a total transaction of $400,582.00. Following the sale, the chief executive officer directly owned 110,153 shares of the company's stock, valued at approximately $33,942,545.42. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $309.73, for a total value of $417,206.31. Following the sale, the executive vice president directly owned 20,699 shares in the company, valued at $6,411,101.27. The trade was a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,816 shares of company stock valued at $4,227,002. Corporate 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.