Unigestion Holding SA Has $4.56 Million Holdings in F5, Inc. (NASDAQ:FFIV)

Unigestion Holding SA lifted its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 605.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,118 shares of the network technology company's stock after purchasing an additional 14,691 shares during the period. Unigestion Holding SA's holdings in F5 were worth $4,558,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FFIV. GAMMA Investing LLC raised its holdings in F5 by 34,698.9% during the 1st quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock worth $198,661,000 after buying an additional 743,945 shares during the period. Norges Bank purchased a new position in shares of F5 in the fourth quarter worth approximately $171,127,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of F5 by 598.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock valued at $106,944,000 after acquiring an additional 364,372 shares during the period. Northern Trust Corp raised its holdings 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 valued at $229,597,000 after acquiring an additional 251,534 shares during the period. Finally, Edge Capital Group LLC purchased a new stake in shares of F5 in the 4th quarter valued at approximately $59,623,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Marianne Budnik sold 1,872 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the transaction, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. This trade represents a 60.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael L. Dreyer sold 1,800 shares of F5 stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total transaction of $514,728.00. Following the completion of the transaction, the director now owns 4,376 shares in the company, valued at $1,251,360.96. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,891 shares of company stock valued at $2,418,732 over the last 90 days. 0.52% of the stock is currently owned by company insiders.

F5 Price Performance

NASDAQ:FFIV traded up $0.13 during trading hours on Thursday, reaching $293.96. The company's stock had a trading volume of 464,326 shares, compared to its average volume of 567,421. The company has a market cap of $16.88 billion, a price-to-earnings ratio of 29.22, 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. The business's 50-day moving average is $269.41 and its 200-day moving average is $270.07.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly 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 the consensus estimate of $719.91 million. F5 had a return on equity of 20.98% and a net margin of 20.58%. The firm's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.91 EPS. On average, sell-side analysts predict that F5, Inc. will post 11.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FFIV. Morgan Stanley lifted their price objective on shares of F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. Needham & Company LLC reiterated a "buy" rating and set a $320.00 price target on shares of F5 in a report on Tuesday, April 29th. Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Barclays decreased their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. dropped their target price on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. 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, F5 currently 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.