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

Polar Capital Holdings Plc purchased a new position in F5, Inc. (NASDAQ:FFIV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. boosted its stake in F5 by 3.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock worth $240,000 after purchasing an additional 34 shares during the period. Colonial Trust Co SC boosted its stake in shares of F5 by 5.2% during the 4th quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock valued at $172,000 after buying an additional 34 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of F5 by 4.3% in the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock valued at $214,000 after purchasing an additional 35 shares during the last quarter. AMG National Trust Bank lifted its stake in shares of F5 by 0.5% in the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock valued at $1,987,000 after purchasing an additional 37 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of F5 by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock valued at $404,000 after purchasing an additional 44 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Activity at F5

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total transaction of $344,981.00. Following the transaction, the chief executive officer now owns 148,647 shares in the company, valued at approximately $39,446,454.39. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. This trade represents a 14.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,305 shares of company stock valued at $2,561,360. Corporate insiders own 0.52% of the company's stock.

F5 Price Performance

NASDAQ:FFIV traded up $2.94 during trading hours on Wednesday, hitting $289.84. The company had a trading volume of 113,885 shares, compared to its average volume of 571,410. F5, Inc. has a 52 week low of $164.45 and a 52 week high of $313.00. The company has a market capitalization of $16.65 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00. The stock has a 50-day moving average price of $265.82 and a 200 day moving average price of $266.83.

F5 (NASDAQ:FFIV - Get Free Report) last announced 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. The company had revenue of $590.16 million for the quarter, compared to analysts' expectations of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. F5's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.91 EPS. Analysts anticipate that F5, Inc. will post 11.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on FFIV. Bank of America lifted their target price on shares of F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Friday, January 31st. The Goldman Sachs Group increased their target price on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective 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. Piper Sandler lifted their price objective on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Finally, StockNews.com upgraded shares of F5 from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, F5 currently has a consensus rating of "Hold" and an average price target 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.