F5, Inc. (NASDAQ:FFIV) Stock Holdings Increased by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 174,812 shares of the network technology company's stock after buying an additional 35,291 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.30% of F5 worth $43,960,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FFIV. Norges Bank acquired a new stake in F5 during the fourth quarter worth about $171,127,000. Arrowstreet Capital Limited Partnership raised its position 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 worth $106,944,000 after purchasing an additional 364,372 shares during the period. Northern Trust Corp raised its position in shares of 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 purchasing an additional 251,534 shares during the period. Edge Capital Group LLC bought a new stake in shares of F5 in the 4th quarter worth approximately $59,623,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in F5 during the 4th quarter valued at approximately $53,212,000. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Price Performance

Shares of NASDAQ FFIV traded down $2.38 during midday trading on Friday, reaching $282.10. 248,401 shares of the company traded hands, compared to its average volume of 570,820. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 3.85 and a beta of 1.00. The stock has a 50-day moving average price of $266.63 and a 200 day moving average price of $267.34. F5, Inc. has a 52 week low of $164.45 and a 52 week high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly 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. The company had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. F5'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 EPS. As a group, analysts expect that F5, Inc. will post 11.2 EPS for the current year.

Insider Buying and Selling

In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the transaction, the executive vice president now directly owns 20,075 shares of the company's stock, valued at approximately $5,885,588.50. This trade represents a 14.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Marianne Budnik sold 1,872 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the sale, the director now directly owns 1,207 shares in the company, valued at $314,689.04. This represents a 60.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,305 shares of company stock valued at $2,561,360 over the last quarter. Corporate insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their price target on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Piper Sandler lifted their price objective on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Wall Street Zen lowered shares of F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Finally, Needham & Company LLC restated a "buy" rating and issued a $320.00 price target on shares of F5 in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $282.56.

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.