UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in F5, Inc. (NASDAQ:FFIV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 21.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 650,992 shares of the network technology company's stock after acquiring an additional 116,785 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.12% of F5 worth $163,705,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Crowley Wealth Management Inc. purchased a new stake in shares of F5 during the 4th quarter worth approximately $35,000. Hurley Capital LLC purchased a new stake in shares of F5 during the 4th quarter worth approximately $43,000. EverSource Wealth Advisors LLC boosted its stake in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after acquiring an additional 49 shares in the last quarter. Smithfield Trust Co purchased a new stake in shares of F5 during the 4th quarter worth approximately $57,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of F5 during the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

F5 Stock Performance

Shares of FFIV opened at $284.48 on Friday. The stock has a fifty day moving average of $266.63 and a two-hundred day moving average of $267.34. The company has a market capitalization of $16.34 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00. F5, Inc. has a fifty-two week low of $164.45 and a fifty-two week high of $313.00.

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 the consensus estimate of $3.11 by $0.31. The company had revenue of $590.16 million during the quarter, compared to the consensus estimate of $719.91 million. F5 had a return on equity of 20.98% and a net margin of 20.58%. F5's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.91 EPS. As a group, equities research analysts forecast that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Insider Transactions at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $264.54, for a total value of $343,902.00. Following the completion of the transaction, the chief executive officer now directly owns 151,700 shares of the company's stock, valued at $40,130,718. This represents a 0.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the transaction, the executive vice president now directly owns 20,075 shares in the company, valued at $5,885,588.50. The trade was a 14.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,305 shares of company stock worth $2,561,360 in the last ninety days. Insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

FFIV has been the topic of several research analyst reports. Wall Street Zen lowered F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Piper Sandler upped their target price on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Needham & Company LLC reaffirmed a "buy" rating and issued a $320.00 target price on shares of F5 in a research note on Tuesday, April 29th. Morgan Stanley upped their target price on F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. Finally, Barclays reduced their target price on F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. One equities research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.

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