Penserra Capital Management LLC Buys 26,105 Shares of F5, Inc. (NASDAQ:FFIV)

Penserra Capital Management LLC increased its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 281,418 shares of the network technology company's stock after acquiring an additional 26,105 shares during the quarter. F5 makes up 1.3% of Penserra Capital Management LLC's portfolio, making the stock its 14th biggest position. Penserra Capital Management LLC owned 0.49% of F5 worth $74,933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FFIV. Golden State Wealth Management LLC lifted its position in F5 by 275.0% in the first quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock worth $28,000 after purchasing an additional 77 shares during the period. Park Square Financial Group LLC acquired a new position in shares of F5 in the fourth quarter worth $31,000. Crowley Wealth Management Inc. acquired a new position in F5 during the fourth quarter worth $35,000. Hurley Capital LLC acquired a new stake in shares of F5 in the fourth quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FFIV. JPMorgan Chase & Co. reduced their target price on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Morgan Stanley upped their target price on shares of F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Needham & Company LLC reissued a "buy" rating and issued a $320.00 price target on shares of F5 in a report on Tuesday, April 29th. Finally, William Blair reissued an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $282.56.

Insider Buying and Selling at F5

In other F5 news, Director Elizabeth Buse sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total transaction of $440,295.00. Following the completion of the sale, the director directly owned 5,013 shares of the company's stock, valued at $1,471,465.89. This trade represents a 23.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $294.32, for a total transaction of $382,616.00. Following the completion of the transaction, the chief executive officer directly owned 107,100 shares of the company's stock, valued at approximately $31,521,672. This trade represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,519 shares of company stock worth $2,408,594. Insiders own 0.52% of the company's stock.

F5 Price Performance

F5 stock traded up $2.62 during mid-day trading on Tuesday, reaching $301.88. The stock had a trading volume of 202,695 shares, compared to its average volume of 560,110. The company has a market capitalization of $17.34 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 3.82 and a beta of 1.00. The company has a 50-day moving average price of $285.43 and a two-hundred day moving average price of $276.88. F5, Inc. has a one year low of $170.21 and a one year high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.31. F5 had a net margin of 21.14% and a return on equity of 21.18%. The firm had revenue of $590.16 million for the quarter, compared to analysts' expectations of $719.91 million. During the same quarter in the prior year, the business earned $2.91 EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

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.