MGO One Seven LLC purchased a new stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,818 shares of the network technology company's stock, valued at approximately $1,212,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in FFIV. Norges Bank bought a new stake in shares of F5 in the 4th quarter worth approximately $171,127,000. Arrowstreet Capital Limited Partnership boosted its position in shares of F5 by 598.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock worth $106,944,000 after purchasing an additional 364,372 shares in the last quarter. Edge Capital Group LLC bought a new stake in shares of F5 in the 4th quarter worth approximately $59,623,000. Cookson Peirce & Co. Inc. bought a new stake in shares of F5 in the 4th quarter worth approximately $53,212,000. Finally, Jupiter Asset Management Ltd. lifted its position in F5 by 83.1% in the 4th quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company's stock valued at $74,562,000 after acquiring an additional 134,537 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.
Insider Buying and Selling at F5
In related news, EVP Chad Michael Whalen sold 4,093 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the transaction, the executive vice president now directly owns 27,264 shares in the company, valued at $7,915,557.12. The trade was a 13.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the sale, the executive vice president now directly owns 20,075 shares of the company's stock, valued at approximately $5,885,588.50. This represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,504 shares of company stock valued at $5,088,492. 0.52% of the stock is currently owned by insiders.
F5 Stock Performance
F5 stock traded up $1.37 during mid-day trading on Thursday, hitting $266.11. The company's stock had a trading volume of 280,838 shares, compared to its average volume of 577,456. F5, Inc. has a one year low of $163.12 and a one year high of $313.00. The company has a 50 day moving average of $266.93 and a 200-day moving average of $261.33. The stock has a market cap of $15.34 billion, a PE ratio of 26.46, a P/E/G ratio of 3.85 and a beta of 1.14.
F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly 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. F5 had a return on equity of 20.98% and a net margin of 20.58%. The business had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same quarter in the prior year, the company earned $2.91 EPS. The business's revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that F5, Inc. will post 11.2 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. StockNews.com downgraded F5 from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Needham & Company LLC reiterated a "buy" rating and set a $320.00 price objective on shares of F5 in a research note on Tuesday. Royal Bank of Canada reiterated a "sector perform" rating and set a $290.00 price objective on shares of F5 in a research note on Tuesday. Finally, Evercore ISI boosted their price objective on F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, F5 presently has a consensus rating of "Hold" and an average target price of $282.56.
Check Out Our Latest Stock Analysis on F5
F5 Profile
(
Free Report)
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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