F5, Inc. (NASDAQ:FFIV) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 94.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,665 shares of the network technology company's stock after purchasing an additional 2,270 shares during the quarter. Tower Research Capital LLC TRC's holdings in F5 were worth $1,173,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Crowley Wealth Management Inc. purchased a new stake in shares of F5 in the fourth quarter worth approximately $35,000. Hurley Capital LLC purchased a new stake in F5 in the fourth quarter worth $43,000. Friedenthal Financial bought a new stake in shares of F5 during the fourth quarter worth $50,000. EverSource Wealth Advisors LLC boosted its stake in shares of F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after purchasing an additional 49 shares during the period. Finally, Smithfield Trust Co bought a new position in shares of F5 in the fourth quarter worth about $57,000. 90.66% of the stock is owned by institutional investors.

Insider Transactions at F5

In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 27,264 shares in the company, valued at approximately $7,915,557.12. The trade was a 13.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the transaction, the chief executive officer now owns 151,247 shares of the company's stock, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,232 shares of company stock valued at $5,310,131 in the last quarter. 0.52% of the stock is currently owned by corporate insiders.

F5 Price Performance

F5 stock traded down $0.89 during trading hours on Wednesday, reaching $261.84. The stock had a trading volume of 120,412 shares, compared to its average volume of 604,865. The company has a market cap of $15.10 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 3.85 and a beta of 1.14. The business's 50 day moving average price is $267.55 and its 200-day moving average price is $261.31. F5, Inc. has a 52 week low of $163.12 and a 52 week high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, topping the consensus estimate of $3.11 by $0.31. The firm had revenue of $590.16 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.91 EPS. On average, sell-side analysts forecast that F5, Inc. will post 11.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FFIV. Needham & Company LLC reissued a "buy" rating and issued a $320.00 price objective on shares of F5 in a research report on Tuesday. The Goldman Sachs Group increased their price objective on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Bank of America lifted their target price on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. Barclays dropped their price target on F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, William Blair restated an "outperform" rating on shares of F5 in a report on Tuesday. 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 issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $282.56.

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.