State of Alaska Department of Revenue Boosts Holdings in F5, Inc. (NASDAQ:FFIV)

State of Alaska Department of Revenue raised its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 71.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,352 shares of the network technology company's stock after buying an additional 4,725 shares during the quarter. State of Alaska Department of Revenue's holdings in F5 were worth $3,021,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FFIV. Vanguard Group Inc. lifted its holdings in shares of F5 by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock worth $1,897,154,000 after purchasing an additional 64,261 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of F5 by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock valued at $402,536,000 after buying an additional 30,367 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of F5 by 3.1% during the fourth quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company's stock valued at $316,814,000 after buying an additional 37,354 shares during the last quarter. Northern Trust Corp increased its position in shares of F5 by 38.0% during the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock worth $229,597,000 after acquiring an additional 251,534 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of F5 by 34,698.9% in the 1st quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock worth $198,661,000 after acquiring an additional 743,945 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the firm'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 directly owns 148,647 shares of the company's stock, valued at $39,446,454.39. This trade represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan Higginson sold 1,272 shares of F5 stock in a transaction on Thursday, May 22nd. The shares were 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 owns 9,919 shares of the company's stock, valued at approximately $2,843,678.11. This trade represents a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,519 shares of company stock valued at $2,370,959. 0.52% of the stock is owned by insiders.

F5 Stock Performance

FFIV stock traded down $1.49 during mid-day trading on Wednesday, hitting $294.41. The company had a trading volume of 407,086 shares, compared to its average volume of 556,210. The firm has a market cap of $16.91 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00. F5, Inc. has a 12 month low of $167.35 and a 12 month high of $313.00. The stock's fifty day moving average price is $279.08 and its two-hundred day moving average price is $274.33.

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. The business had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. F5 had a return on equity of 21.18% and a net margin of 21.14%. F5's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.91 earnings per share. Equities analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Needham & Company LLC reiterated a "buy" rating and set a $320.00 price target on shares of F5 in a research note on Tuesday, April 29th. Piper Sandler increased their price target on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Wall Street Zen cut F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. dropped their price target on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Finally, Barclays reduced their price objective on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, F5 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.