Raiffeisen Bank International AG Acquires New Stake in F5, Inc. (NASDAQ:FFIV)

Raiffeisen Bank International AG bought a new stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,321 shares of the network technology company's stock, valued at approximately $334,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in F5 by 457.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company's stock valued at $7,899,000 after purchasing an additional 25,748 shares in the last quarter. Boston Trust Walden Corp increased its position in F5 by 3.9% in the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company's stock valued at $48,991,000 after buying an additional 7,341 shares in the last quarter. Fisher Asset Management LLC raised its stake in F5 by 163.3% during the 4th quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company's stock worth $20,121,000 after buying an additional 49,629 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in F5 during the 4th quarter worth approximately $5,856,000. Finally, Synergy Asset Management LLC boosted its holdings in F5 by 100.0% in the fourth quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company's stock worth $525,000 after acquiring an additional 1,112 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

F5 Price Performance

Shares of FFIV stock traded down $2.53 on Friday, hitting $281.95. The stock had a trading volume of 48,568 shares, compared to its average volume of 570,034. The business has a 50 day moving average of $266.63 and a 200 day moving average of $267.34. F5, Inc. has a 12-month low of $164.45 and a 12-month high of $313.00. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings data 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. F5 had a net margin of 20.58% and a return on equity of 20.98%. The firm had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. During the same quarter last year, the business posted $2.91 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts expect that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FFIV shares. Bank of America upped their target price on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Friday, January 31st. Piper Sandler upped their price objective on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Morgan Stanley raised their price objective on shares of F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. William Blair reissued an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Finally, Needham & Company LLC restated a "buy" rating and issued a $320.00 target price on shares of F5 in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, F5 presently has an average rating of "Hold" and a consensus price target of $282.56.

Insider Activity at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the transaction, the chief executive officer now owns 148,647 shares in the company, valued at $39,446,454.39. This represents a 0.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $269.03, for a total value of $362,383.41. Following the sale, the executive vice president now owns 20,660 shares in the company, valued at $5,558,159.80. The trade was a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,305 shares of company stock valued at $2,561,360. 0.52% of the stock is owned by insiders.

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.