Fisher Asset Management LLC Acquires 2,974 Shares of F5, Inc. (NASDAQ:FFIV)

Fisher Asset Management LLC raised its position in F5, Inc. (NASDAQ:FFIV) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,068 shares of the network technology company’s stock after buying an additional 2,974 shares during the period. Fisher Asset Management LLC’s holdings in F5 were worth $5,024,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Commerce Bank increased its stake in shares of F5 by 3.1% during the 4th quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock worth $342,000 after purchasing an additional 57 shares during the last quarter. Optimum Investment Advisors grew its stake in F5 by 5.5% in the 4th quarter. Optimum Investment Advisors now owns 1,150 shares of the network technology company’s stock valued at $206,000 after buying an additional 60 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in F5 by 15.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 518 shares of the network technology company’s stock valued at $83,000 after buying an additional 71 shares in the last quarter. Addison Advisors LLC grew its stake in F5 by 28.0% in the 4th quarter. Addison Advisors LLC now owns 357 shares of the network technology company’s stock valued at $64,000 after buying an additional 78 shares in the last quarter. Finally, Czech National Bank boosted its holdings in F5 by 0.8% in the 4th quarter. Czech National Bank now owns 10,457 shares of the network technology company’s stock valued at $1,872,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of F5 in a report on Tuesday, April 30th. Piper Sandler reaffirmed a “neutral” rating and set a $167.00 price objective (down from $187.00) on shares of F5 in a report on Tuesday, April 30th. Royal Bank of Canada dropped their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a report on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Evercore ISI dropped their price objective on shares of F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, F5 currently has a consensus rating of “Hold” and a consensus price target of $185.10.

F5 Trading Up 0.1 %

FFIV stock opened at $169.74 on Friday. The firm’s 50-day moving average price is $172.26 and its two-hundred day moving average price is $179.42. F5, Inc. has a 12-month low of $142.16 and a 12-month high of $199.49. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.25 and a beta of 1.09.

F5 (NASDAQ:FFIV) last released its quarterly earnings data on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $685.47 million. During the same quarter in the previous year, the company earned $1.70 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts predict that F5, Inc. will post 9.64 EPS for the current year.

Insider Buying and Selling at F5

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

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.