F5, Inc. (NASDAQ:FFIV) Position Boosted by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. increased its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 56.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,191 shares of the network technology company's stock after purchasing an additional 2,595 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in F5 were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FFIV. Crowley Wealth Management Inc. purchased a new position in shares of F5 in the fourth quarter valued at $35,000. Hurley Capital LLC acquired a new stake in F5 in the fourth quarter valued at $43,000. Friedenthal Financial acquired a new stake in F5 in the fourth quarter valued at $50,000. EverSource Wealth Advisors LLC raised its holdings in F5 by 31.8% in the fourth 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 in the last quarter. Finally, Smithfield Trust Co acquired a new stake in F5 in the fourth quarter valued at $57,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at F5

In related news, Director Marianne Budnik sold 1,872 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the transaction, the director now owns 1,207 shares in the company, valued at $314,689.04. This represents a 60.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 148,647 shares of the company's stock, valued at $39,446,454.39. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,504 shares of company stock worth $5,088,492 in the last 90 days. Corporate insiders own 0.52% of the company's stock.

F5 Price Performance

Shares of FFIV stock traded up $1.49 during trading hours on Thursday, reaching $266.23. The stock had a trading volume of 300,225 shares, compared to its average volume of 577,539. F5, Inc. has a twelve month low of $163.12 and a twelve month high of $313.00. The firm has a 50-day simple moving average of $266.93 and a 200-day simple moving average of $261.33. The firm has a market capitalization of $15.35 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping analysts' consensus estimates of $3.11 by $0.31. F5 had a net margin of 20.58% and a return on equity of 20.98%. The business had revenue of $590.16 million for the quarter, compared to analysts' expectations of $719.91 million. During the same quarter last year, the company earned $2.91 EPS. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on FFIV shares. JPMorgan Chase & Co. cut their price target on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Evercore ISI increased their target price on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a report on Friday, January 17th. Barclays dropped their target price on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a report on Tuesday. Royal Bank of Canada reissued a "sector perform" rating and set a $290.00 target price on shares of F5 in a report on Tuesday. Finally, Piper Sandler increased their target price on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, F5 has a consensus rating of "Hold" and an average target price 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.