Y Intercept Hong Kong Ltd Purchases New Position in F5, Inc. (NASDAQ:FFIV)

Y Intercept Hong Kong Ltd acquired a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,017 shares of the network technology company's stock, valued at approximately $1,602,000.

Several other large investors have also bought and sold shares of the stock. Crestwood Advisors Group LLC boosted its position in shares of F5 by 20.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 987 shares of the network technology company's stock valued at $263,000 after purchasing an additional 168 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in F5 by 58.4% in the first quarter. Allianz Asset Management GmbH now owns 24,011 shares of the network technology company's stock worth $6,393,000 after purchasing an additional 8,855 shares during the period. IFP Advisors Inc increased its stake in F5 by 14.2% in the first quarter. IFP Advisors Inc now owns 2,101 shares of the network technology company's stock valued at $560,000 after purchasing an additional 262 shares in the last quarter. Lipe & Dalton raised its holdings in shares of F5 by 6.0% during the first quarter. Lipe & Dalton now owns 1,315 shares of the network technology company's stock valued at $350,000 after purchasing an additional 75 shares during the period. Finally, Forum Financial Management LP raised its holdings in shares of F5 by 20.7% during the first quarter. Forum Financial Management LP now owns 1,461 shares of the network technology company's stock valued at $389,000 after purchasing an additional 251 shares during the period. 90.66% of the stock is owned by institutional investors.

F5 Trading Down 0.8%

Shares of FFIV stock traded down $2.56 during trading hours on Friday, hitting $299.37. 262,548 shares of the company were exchanged, compared to its average volume of 430,646. The stock has a market capitalization of $17.19 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 3.78 and a beta of 1.00. The firm has a fifty day simple moving average of $292.62 and a 200 day simple moving average of $280.93. F5, Inc. has a 52-week low of $174.11 and a 52-week high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.11 by $0.31. The business 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 21.18% and a net margin of 21.14%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business posted $2.91 earnings per share. Sell-side analysts anticipate that F5, Inc. will post 11.2 EPS for the current year.

Analyst Upgrades and Downgrades

FFIV has been the subject of several research reports. Wolfe Research started coverage on shares of F5 in a research report on Monday, July 7th. They issued an "outperform" rating for the company. Piper Sandler reiterated a "neutral" rating and set a $304.00 price objective (up from $269.00) on shares of F5 in a report on Monday, July 14th. Needham & Company LLC restated a "buy" rating and issued a $320.00 target price on shares of F5 in a report on Tuesday, April 29th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $290.00 price objective on shares of F5 in a research note on Tuesday, April 29th. Finally, Morgan Stanley lifted their target price on F5 from $280.00 to $305.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $291.44.

Insider Buying and Selling

In other F5 news, Director Michael L. Dreyer sold 1,800 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the sale, the director directly owned 4,376 shares of the company's stock, valued at $1,251,360.96. This represents a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $269.03, for a total transaction of $362,383.41. Following the completion of the transaction, the executive vice president owned 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 have sold a total of 8,519 shares of company stock worth $2,408,594 in the last quarter. 0.52% of the stock is currently owned by company insiders.

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.