Pallas Capital Advisors LLC Purchases Shares of 1,640 F5, Inc. (NASDAQ:FFIV)

Pallas Capital Advisors LLC bought a new position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,640 shares of the network technology company's stock, valued at approximately $437,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake 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 worth $198,661,000 after acquiring an additional 743,945 shares in the last quarter. Norges Bank bought a new position in shares of F5 in the 4th quarter valued at about $171,127,000. Arrowstreet Capital Limited Partnership boosted its position in F5 by 598.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock valued at $106,944,000 after purchasing an additional 364,372 shares during the last quarter. Northern Trust Corp increased 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 last quarter. Finally, Edge Capital Group LLC bought a new stake in shares of F5 during the 4th quarter worth approximately $59,623,000. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Stock Down 1.7%

Shares of NASDAQ FFIV traded down $5.05 during trading on Friday, reaching $286.61. The company had a trading volume of 253,468 shares, compared to its average volume of 563,954. The stock has a market cap of $16.46 billion, a P/E ratio of 28.49, a PEG ratio of 3.85 and a beta of 1.00. The company's fifty day moving average price is $273.83 and its 200-day moving average price is $272.14. F5, Inc. has a 12 month low of $165.68 and a 12 month high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, beating the consensus estimate of $3.11 by $0.31. The business had revenue of $590.16 million for the quarter, compared to analysts' expectations of $719.91 million. F5 had a return on equity of 20.98% and a net margin of 20.58%. The firm's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.91 earnings per share. As a group, equities analysts predict that F5, Inc. will post 11.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Piper Sandler increased their target price on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Barclays reduced their price target on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Finally, Morgan Stanley upped their price objective on F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $282.56.

Insiders Place Their Bets

In other F5 news, Director Elizabeth Buse sold 1,500 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total value of $440,295.00. Following the transaction, the director now owns 5,013 shares of the company's stock, valued at approximately $1,471,465.89. The trade was a 23.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas Dean Fountain sold 1,347 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $269.03, for a total transaction of $362,383.41. Following the transaction, the executive vice president now directly owns 20,660 shares of the company's stock, valued at $5,558,159.80. This represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,519 shares of company stock worth $2,370,959. 0.52% of the stock is currently owned by company insiders.

About F5

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.