Vident Advisory LLC Has $939,000 Stock Position in F5, Inc. (NASDAQ:FFIV)

Vident Advisory LLC increased its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 92.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,734 shares of the network technology company's stock after acquiring an additional 1,790 shares during the quarter. Vident Advisory LLC's holdings in F5 were worth $939,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FFIV. Norges Bank bought a new position in F5 during the fourth quarter worth $171,127,000. Arrowstreet Capital Limited Partnership increased its position in F5 by 598.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock worth $106,944,000 after acquiring an additional 364,372 shares during the period. Northern Trust Corp increased its position in 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 during the period. Edge Capital Group LLC bought a new position in F5 during the fourth quarter worth $59,623,000. Finally, Cookson Peirce & Co. Inc. bought a new position in F5 during the fourth quarter worth $53,212,000. Institutional investors own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FFIV. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $290.00 target price on shares of F5 in a research report on Tuesday, April 29th. William Blair reiterated an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Bank of America lifted their price target on shares of F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Friday, January 31st. Barclays decreased their price target 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. Finally, Piper Sandler lifted their price target on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating 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 given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $282.56.

F5 Stock Performance

Shares of NASDAQ:FFIV traded up $0.32 on Friday, hitting $280.91. The stock had a trading volume of 65,226 shares, compared to its average volume of 566,034. F5, Inc. has a twelve month low of $164.45 and a twelve month high of $313.00. The firm's 50 day moving average price is $268.00 and its 200-day moving average price is $268.82. The company has a market capitalization of $16.13 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last issued its earnings results 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. F5 had a net margin of 20.58% and a return on equity of 20.98%. The company had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same quarter in the previous year, the company earned $2.91 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that F5, Inc. will post 11.2 EPS for the current year.

Insider Activity

In other news, Director Marianne Budnik sold 1,872 shares of the business'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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the sale, the chief executive officer now owns 148,647 shares in the company, valued at $39,446,454.39. This represents a 0.87% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,891 shares of company stock worth $2,418,732. Corporate insiders own 0.52% of the company's stock.

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.