MQS Management LLC Purchases New Holdings in F5, Inc. (NASDAQ:FFIV)

MQS Management LLC acquired a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,332 shares of the network technology company's stock, valued at approximately $355,000.

Several other institutional investors have also recently bought and sold shares of FFIV. Golden State Wealth Management LLC raised 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 purchasing an additional 77 shares during the last quarter. Park Square Financial Group LLC bought a new position in F5 in the 4th quarter valued at $31,000. Crowley Wealth Management Inc. bought a new position in F5 in the 4th quarter valued at $35,000. Hurley Capital LLC bought a new position in F5 in the 4th quarter valued at $43,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Insider Activity at F5

In other news, Director Elizabeth Buse sold 1,500 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $1,471,465.89. This represents a 23.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan Higginson sold 1,272 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total value of $364,669.68. Following the transaction, the director directly owned 9,919 shares of the company's stock, valued at $2,843,678.11. This represents a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,519 shares of company stock valued at $2,408,594 over the last ninety days. Company insiders own 0.52% of the company's stock.

F5 Stock Performance

NASDAQ:FFIV traded up $1.23 on Friday, reaching $301.57. The company's stock had a trading volume of 267,667 shares, compared to its average volume of 562,844. F5, Inc. has a 1-year low of $170.21 and a 1-year high of $313.00. The firm has a market cap of $17.32 billion, a PE ratio of 28.61, a PEG ratio of 3.73 and a beta of 1.00. The business's 50-day moving average price is $290.23 and its two-hundred day moving average price is $278.87.

F5 (NASDAQ:FFIV - Get Free Report) last posted its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.11 by $0.31. The firm had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. F5 had a return on equity of 21.18% and a net margin of 21.14%. The company's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.91 earnings per share. As a group, sell-side analysts expect that F5, Inc. will post 11.2 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FFIV. Piper Sandler restated a "neutral" rating and set a $304.00 target price (up previously from $269.00) on shares of F5 in a research report on Monday. William Blair reiterated an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price objective on F5 from $285.00 to $305.00 and gave the company a "neutral" rating in a report on Thursday. Barclays dropped their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, Morgan Stanley upped their price objective on F5 from $280.00 to $305.00 and gave the company an "equal weight" rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, F5 presently has an average rating of "Hold" and a consensus target price of $291.44.

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.