Polar Capital Holdings Plc Takes $15.79 Million Position in F5, Inc. (NASDAQ:FFIV)

Polar Capital Holdings Plc bought a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 62,787 shares of the network technology company's stock, valued at approximately $15,789,000. Polar Capital Holdings Plc owned about 0.11% of F5 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crowley Wealth Management Inc. bought a new stake in shares of F5 in the 4th quarter valued at about $35,000. Hurley Capital LLC bought a new stake in shares of F5 in the 4th quarter valued at about $43,000. EverSource Wealth Advisors LLC lifted its stake in shares of F5 by 31.8% in the 4th 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 during the last quarter. Smithfield Trust Co bought a new stake in shares of F5 in the 4th quarter valued at about $57,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of F5 in the 4th quarter valued at about $60,000. Institutional investors own 90.66% of the company's stock.

F5 Stock Up 0.4%

F5 stock opened at $282.67 on Friday. The company has a market capitalization of $16.23 billion, a P/E ratio of 28.10, a PEG ratio of 3.85 and a beta of 1.00. The stock's 50 day moving average is $264.44 and its 200 day moving average is $265.60. F5, Inc. has a twelve month low of $164.45 and a twelve month high of $313.00.

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 for the quarter, topping the consensus estimate of $3.11 by $0.31. The company had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. F5 had a return on equity of 20.98% and a net margin of 20.58%. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.91 EPS. As a group, equities analysts expect that F5, Inc. will post 11.2 EPS for the current year.

Insider Activity at F5

In related news, Director Marianne Budnik sold 1,872 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the sale, the director now directly owns 1,207 shares of the company's stock, valued at $314,689.04. This trade represents a 60.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction on Wednesday, February 26th. The shares were 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 in the company, valued at $5,885,588.50. This trade represents a 14.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,305 shares of company stock valued at $2,561,360 over the last ninety days. Insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FFIV shares. William Blair reissued an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Morgan Stanley upped their price target on F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $320.00 price target on shares of F5 in a research report on Tuesday, April 29th. Piper Sandler upped their target price on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Finally, Barclays reduced their target price on F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, F5 presently has an average rating of "Hold" and a consensus price target of $282.56.

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.

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