Royal Bank of Canada Has $18.57 Million Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Royal Bank of Canada grew its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 143.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,824 shares of the network technology company's stock after purchasing an additional 43,507 shares during the quarter. Royal Bank of Canada owned approximately 0.13% of F5 worth $18,565,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FFIV. Coldstream Capital Management Inc. lifted its stake in F5 by 3.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock valued at $240,000 after buying an additional 34 shares during the period. Colonial Trust Co SC increased its stake in shares of F5 by 5.2% in the 4th quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock valued at $172,000 after acquiring an additional 34 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of F5 by 4.3% in the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock valued at $214,000 after acquiring an additional 35 shares during the last quarter. AMG National Trust Bank raised its position in shares of F5 by 0.5% in the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock valued at $1,987,000 after acquiring an additional 37 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in F5 by 2.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock worth $404,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Transactions at F5

In other F5 news, EVP Thomas Dean Fountain sold 1,347 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $269.03, for a total transaction of $362,383.41. Following the completion of the sale, the executive vice president now owns 20,660 shares of the company's stock, valued at $5,558,159.80. This trade represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan Higginson sold 1,272 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $286.69, for a total transaction of $364,669.68. Following the completion of the transaction, the director now directly owns 9,919 shares in the company, valued at $2,843,678.11. The trade was a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,891 shares of company stock worth $2,418,732 in the last ninety days. Insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FFIV. 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 report on Tuesday, April 29th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $290.00 price objective on shares of F5 in a research note on Tuesday, April 29th. William Blair reissued an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. JPMorgan Chase & Co. dropped their target price on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, F5 presently has an average rating of "Hold" and a consensus price target of $282.56.

F5 Trading Down 0.0%

Shares of NASDAQ FFIV traded down $0.06 during mid-day trading on Friday, hitting $280.53. The company had a trading volume of 54,640 shares, compared to its average volume of 566,012. The firm has a 50-day simple moving average of $268.00 and a two-hundred day simple moving average of $268.82. The company has a market capitalization of $16.11 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00. F5, Inc. has a one year low of $164.45 and a one year high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings results 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 return on equity of 20.98% and a net margin of 20.58%. The firm had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. During the same quarter in the previous year, the firm earned $2.91 EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. Sell-side analysts expect 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.