State of Alaska Department of Revenue Buys 4,725 Shares of F5, Inc. (NASDAQ:FFIV)

State of Alaska Department of Revenue increased its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 71.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,352 shares of the network technology company's stock after purchasing an additional 4,725 shares during the quarter. State of Alaska Department of Revenue's holdings in F5 were worth $3,021,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in F5 during the 4th quarter valued at $31,000. Crowley Wealth Management Inc. bought a new stake in F5 during the 4th quarter valued at $35,000. Hurley Capital LLC bought a new stake in F5 during the 4th quarter valued at $43,000. EverSource Wealth Advisors LLC raised its holdings in F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after acquiring an additional 49 shares during the period. Finally, Smithfield Trust Co bought a new stake in F5 during the 4th quarter valued at $57,000. Institutional investors own 90.66% of the company's stock.

F5 Stock Performance

Shares of NASDAQ:FFIV opened at $287.13 on Friday. F5, Inc. has a 52-week low of $167.35 and a 52-week high of $313.00. The firm has a fifty day moving average of $277.78 and a 200 day moving average of $273.80. The firm has a market capitalization of $16.49 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 3.65 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.31. The company had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.91 earnings per share. On average, sell-side analysts forecast that F5, Inc. will post 11.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $264.54, for a total transaction of $343,902.00. Following the transaction, the chief executive officer now owns 151,700 shares in the company, valued at $40,130,718. The trade was a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas Dean Fountain sold 1,347 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $269.03, for a total value of $362,383.41. Following the transaction, the executive vice president now directly owns 20,660 shares of the company's stock, valued at $5,558,159.80. The trade was a 6.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,519 shares of company stock valued at $2,370,959 over the last three months. Insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

FFIV has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. William Blair restated an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. JPMorgan Chase & Co. reduced their price target on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Piper Sandler boosted their price target on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $290.00 price target on shares of F5 in a research report on Tuesday, April 29th. One 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $282.56.

F5 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.

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