Virtu Financial LLC Invests $442,000 in F5, Inc. (NASDAQ:FFIV)

Virtu Financial LLC purchased a new position in F5, Inc. (NASDAQ:FFIV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,473 shares of the network technology company’s stock, valued at approximately $442,000.

A number of other institutional investors have also recently made changes to their positions in FFIV. Rhumbline Advisers increased its holdings in shares of F5 by 1.1% in the 3rd quarter. Rhumbline Advisers now owns 126,809 shares of the network technology company’s stock worth $20,434,000 after buying an additional 1,416 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of F5 by 1.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 22,378 shares of the network technology company’s stock worth $3,602,000 after buying an additional 334 shares during the last quarter. Korea Investment CORP increased its holdings in shares of F5 by 24.6% in the 3rd quarter. Korea Investment CORP now owns 8,146 shares of the network technology company’s stock worth $1,313,000 after buying an additional 1,610 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of F5 during the 3rd quarter valued at $309,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of F5 by 8.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 139,105 shares of the network technology company’s stock valued at $22,415,000 after purchasing an additional 10,417 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

FFIV has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Piper Sandler reaffirmed a “neutral” rating and set a $167.00 target price (down previously from $187.00) on shares of F5 in a report on Tuesday, April 30th. Royal Bank of Canada reduced their target price on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 30th. Barclays reduced their target price on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 target price on shares of F5 in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $185.10.

F5 Trading Up 1.1 %

NASDAQ:FFIV opened at $169.52 on Wednesday. The company has a 50-day moving average price of $173.67 and a 200-day moving average price of $179.58. F5, Inc. has a 12 month low of $142.16 and a 12 month high of $199.49. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 2.23 and a beta of 1.09.

F5 (NASDAQ:FFIV) last posted its earnings results on Monday, April 29th. The network technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.88 by $0.03. F5 had a net margin of 17.91% and a return on equity of 21.41%. The firm had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $685.47 million. During the same period last year, the company posted $1.70 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts forecast that F5, Inc. will post 9.64 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Scot Frazier Rogers sold 3,315 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $168.46, for a total transaction of $558,444.90. Following the completion of the sale, the executive vice president now owns 19,493 shares of the company’s stock, valued at approximately $3,283,790.78. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total value of $142,568.03. Following the completion of the transaction, the executive vice president now owns 15,504 shares of the company’s stock, valued at approximately $2,597,385.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scot Frazier Rogers sold 3,315 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $168.46, for a total transaction of $558,444.90. Following the completion of the transaction, the executive vice president now directly owns 19,493 shares of the company’s stock, valued at approximately $3,283,790.78. The disclosure for this sale can be found here. Insiders have sold 11,266 shares of company stock valued at $1,931,700 over the last quarter. Corporate insiders own 0.58% of the company’s stock.

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.