Russell Investments Group Ltd. Acquires 31,233 Shares of F5, Inc. (NASDAQ:FFIV)

Russell Investments Group Ltd. boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 38.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,065 shares of the network technology company's stock after acquiring an additional 31,233 shares during the quarter. Russell Investments Group Ltd. owned 0.19% of F5 worth $20,070,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Washington Trust Advisors Inc. purchased a new stake in shares of F5 during the 4th quarter worth about $36,000. Addison Advisors LLC raised its stake in shares of F5 by 36.1% in the 3rd quarter. Addison Advisors LLC now owns 279 shares of the network technology company's stock valued at $45,000 after acquiring an additional 74 shares in the last quarter. Janiczek Wealth Management LLC raised its stake in shares of F5 by 56.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company's stock valued at $46,000 after acquiring an additional 93 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of F5 in the 4th quarter valued at approximately $51,000. Finally, Lindbrook Capital LLC raised its stake in shares of F5 by 68.0% in the 4th quarter. Lindbrook Capital LLC now owns 294 shares of the network technology company's stock valued at $53,000 after acquiring an additional 119 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Price Performance

Shares of FFIV stock traded down $0.13 on Friday, reaching $165.94. 637,759 shares of the stock were exchanged, compared to its average volume of 475,744. The stock has a market cap of $9.76 billion, a PE ratio of 19.89, a P/E/G ratio of 2.22 and a beta of 1.14. F5, Inc. has a one year low of $130.34 and a one year high of $199.49. The stock has a 50 day moving average price of $186.63 and a 200 day moving average price of $176.67.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.88 by $0.03. The company had revenue of $681.00 million during the quarter, compared to the consensus estimate of $685.47 million. F5 had a return on equity of 21.41% and a net margin of 17.91%. The firm's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.70 earnings per share. On average, research analysts expect that F5, Inc. will post 9.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on FFIV. The Goldman Sachs Group lifted their price target on F5 from $156.00 to $179.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 price target on shares of F5 in a research report on Tuesday. Evercore ISI decreased their price objective on F5 from $200.00 to $180.00 and set an "in-line" rating on the stock in a report on Tuesday. Piper Sandler reissued a "neutral" rating and set a $167.00 price objective (down previously from $187.00) on shares of F5 in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on F5 from $197.00 to $205.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, F5 currently has a consensus rating of "Hold" and an average target price of $185.10.

Insider Activity at F5

In other F5 news, CEO Francois Locoh-Donou sold 6,400 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $188.02, for a total value of $1,203,328.00. Following the completion of the transaction, the chief executive officer now directly owns 123,251 shares of the company's stock, valued at $23,173,653.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the business's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $189.12, for a total value of $94,560.00. Following the completion of the transaction, the chief financial officer now directly owns 31,790 shares of the company's stock, valued at $6,012,124.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 6,400 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $188.02, for a total value of $1,203,328.00. Following the completion of the transaction, the chief executive officer now directly owns 123,251 shares of the company's stock, valued at $23,173,653.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,052 shares of company stock worth $2,050,633. 0.58% of the stock is owned by insiders.

About F5

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.