F5, Inc. (NASDAQ:FFIV) Shares Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH grew its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 2,300.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,996 shares of the network technology company's stock after acquiring an additional 63,247 shares during the period. F5 comprises approximately 0.6% of Siemens Fonds Invest GmbH's holdings, making the stock its 25th biggest holding. Siemens Fonds Invest GmbH owned about 0.11% of F5 worth $16,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Park Square Financial Group LLC purchased a new position in F5 in the 4th quarter valued at about $31,000. Crowley Wealth Management Inc. acquired a new position in shares of F5 in the fourth quarter worth about $35,000. Hurley Capital LLC acquired a new position in shares of F5 in the fourth quarter worth about $43,000. EverSource Wealth Advisors LLC boosted its holdings in 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. Finally, Smithfield Trust Co acquired a new stake in F5 during the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $290.00 target price on shares of F5 in a research report on Tuesday, April 29th. William Blair restated an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Barclays reduced their price objective on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen lowered shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Piper Sandler upped their target price on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, F5 presently 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 Marianne Budnik sold 1,872 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the transaction, the director now owns 1,207 shares in the company, valued at approximately $314,689.04. The trade was a 60.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan Higginson sold 1,272 shares of the stock in a transaction 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 transaction, the director now directly owns 9,919 shares of the company's stock, valued at approximately $2,843,678.11. The trade was a 11.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,891 shares of company stock worth $2,418,732. 0.52% of the stock is owned by company insiders.

F5 Trading Up 0.4%

FFIV traded up $1.12 during trading on Friday, reaching $281.71. 1,291,159 shares of the company were exchanged, compared to its average volume of 570,902. F5, Inc. has a 52 week low of $164.45 and a 52 week high of $313.00. The firm has a 50 day moving average of $268.00 and a 200 day moving average of $268.82. The stock has a market cap of $16.18 billion, a P/E ratio of 28.00, a PEG ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, topping 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 business had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. During the same quarter in the prior year, the firm earned $2.91 earnings per share. The company's quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts forecast 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.