F5, Inc. (NASDAQ:FFIV) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,004 shares of the network technology company's stock after buying an additional 8,158 shares during the period. Rhumbline Advisers owned approximately 0.22% of F5 worth $33,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Caprock Group LLC purchased a new stake in F5 during the fourth quarter worth about $227,000. Tokio Marine Asset Management Co. Ltd. boosted its holdings in F5 by 2.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock valued at $404,000 after purchasing an additional 44 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in F5 by 2.3% in the fourth quarter. DAVENPORT & Co LLC now owns 12,101 shares of the network technology company's stock valued at $3,043,000 after purchasing an additional 275 shares in the last quarter. Greenleaf Trust boosted its holdings in F5 by 5.7% in the fourth quarter. Greenleaf Trust now owns 1,091 shares of the network technology company's stock valued at $274,000 after purchasing an additional 59 shares in the last quarter. Finally, Columbus Macro LLC boosted its holdings in shares of F5 by 46.4% in the fourth quarter. Columbus Macro LLC now owns 1,605 shares of the network technology company's stock valued at $404,000 after acquiring an additional 509 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

F5 Trading Up 0.5%

FFIV stock traded up $1.47 during midday trading on Friday, hitting $295.43. 313,269 shares of the company's stock were exchanged, compared to its average volume of 567,788. F5, Inc. has a 12-month low of $164.67 and a 12-month high of $313.00. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00. The firm has a 50 day moving average price of $270.50 and a 200-day moving average price of $271.21.

F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating analysts' consensus estimates of $3.11 by $0.31. F5 had a return on equity of 20.98% and a net margin of 20.58%. The business had revenue of $590.16 million during the quarter, compared to the consensus estimate of $719.91 million. During the same period in the previous year, the business earned $2.91 EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts forecast that F5, Inc. will post 11.2 EPS for the current fiscal year.

Insider Activity

In other news, Director Alan Higginson sold 1,272 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total value of $364,669.68. Following the completion of the sale, the director now directly owns 9,919 shares in the company, valued at approximately $2,843,678.11. The trade was a 11.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marianne Budnik sold 1,872 shares of the company'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 transaction, the director now owns 1,207 shares of the company's stock, valued at approximately $314,689.04. The trade was a 60.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,891 shares of company stock worth $2,418,732. 0.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FFIV. Royal Bank of Canada reissued a "sector perform" rating and issued a $290.00 price objective on shares of F5 in a report on Tuesday, April 29th. Morgan Stanley increased their price objective on F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Needham & Company LLC reissued a "buy" rating and issued a $320.00 price objective on shares of F5 in a report on Tuesday, April 29th. Finally, Piper Sandler increased their price objective on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.