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Nuveen LLC Acquires New Shares in F5, Inc. (NASDAQ:FFIV)

F5 logo with Computer and Technology background

Key Points

  • Nuveen LLC has acquired 176,212 shares of F5, Inc., valued at approximately $46.9 million, representing about 0.31% of the company's stock.
  • Several hedge funds have also increased their stakes in F5, including Annis Gardner Whiting Capital Advisors LLC and Golden State Wealth Management LLC, showcasing growing institutional interest.
  • F5 recently reported quarterly earnings of $4.16 EPS, significantly beating analysts' expectations and reflecting a 12.2% year-over-year revenue increase.
  • Looking to export and analyze F5 data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Nuveen LLC acquired a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 176,212 shares of the network technology company's stock, valued at approximately $46,920,000. Nuveen LLC owned approximately 0.31% of F5 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FFIV. Annis Gardner Whiting Capital Advisors LLC increased its stake in F5 by 134.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Golden State Wealth Management LLC increased its stake 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 in the last quarter. Park Square Financial Group LLC purchased a new position in F5 in the 4th quarter valued at approximately $31,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in F5 in the 4th quarter valued at approximately $60,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in F5 by 31.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 293 shares of the network technology company's stock valued at $78,000 after purchasing an additional 70 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at F5

In related news, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction on Monday, August 4th. The stock was sold at an average price of $309.73, for a total value of $417,206.31. Following the transaction, the executive vice president owned 20,699 shares in the company, valued at approximately $6,411,101.27. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Chad Michael Whalen sold 5,297 shares of F5 stock in a transaction on Monday, August 11th. The shares were sold at an average price of $322.24, for a total value of $1,706,905.28. Following the completion of the transaction, the executive vice president owned 23,591 shares in the company, valued at $7,601,963.84. The trade was a 18.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,816 shares of company stock valued at $4,227,002 in the last ninety days. Company insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wolfe Research assumed coverage on F5 in a research report on Monday, July 7th. They set an "outperform" rating for the company. Royal Bank Of Canada raised their price target on F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. William Blair reissued an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Piper Sandler raised their price target on F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC raised their price target on F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $309.89.

View Our Latest Research Report on FFIV

F5 Stock Down 2.2%

Shares of NASDAQ:FFIV opened at $318.50 on Friday. The company has a market cap of $18.30 billion, a P/E ratio of 28.06, a P/E/G ratio of 3.81 and a beta of 1.03. F5, Inc. has a 52 week low of $193.70 and a 52 week high of $334.00. The business has a fifty day simple moving average of $300.73 and a 200-day simple moving average of $285.75.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, beating analysts' consensus estimates of $3.49 by $0.67. The business had revenue of $780.37 million during the quarter, compared to the consensus estimate of $750.64 million. F5 had a return on equity of 21.77% and a net margin of 22.06%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.36 earnings per share. Sell-side analysts expect that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

About F5

(Free Report)

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.

See Also

Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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