Thoroughbred Financial Services LLC Makes New $339,000 Investment in F5, Inc. (NASDAQ:FFIV)

Thoroughbred Financial Services LLC bought a new position in F5, Inc. (NASDAQ:FFIV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,969 shares of the network technology company’s stock, valued at approximately $339,000.

Other hedge funds have also added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in shares of F5 in the 2nd quarter worth approximately $25,000. New Covenant Trust Company N.A. purchased a new stake in shares of F5 in the 1st quarter worth approximately $27,000. Quest Partners LLC lifted its position in shares of F5 by 9,100.0% in the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock worth $32,000 after purchasing an additional 182 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of F5 in the 1st quarter worth approximately $38,000. Finally, Blue Trust Inc. lifted its position in shares of F5 by 49.7% in the 2nd quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock worth $46,000 after purchasing an additional 80 shares during the period. 90.66% of the stock is currently owned by institutional investors.

F5 Stock Performance

FFIV stock opened at $214.64 on Wednesday. The firm has a market cap of $12.58 billion, a PE ratio of 25.71, a P/E/G ratio of 2.55 and a beta of 1.06. The firm’s fifty day moving average is $191.24 and its 200 day moving average is $182.72. F5, Inc. has a one year low of $145.45 and a one year high of $216.00.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.39. The business had revenue of $695.50 million for the quarter, compared to the consensus estimate of $686.06 million. F5 had a net margin of 19.94% and a return on equity of 21.03%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $2.46 earnings per share. Research analysts predict that F5, Inc. will post 10.18 earnings per share for the current fiscal year.

Insider Buying and Selling at F5

In other news, EVP Scot Frazier Rogers sold 1,420 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $199.76, for a total value of $283,659.20. Following the transaction, the executive vice president now directly owns 18,073 shares of the company’s stock, valued at $3,610,262.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Scot Frazier Rogers sold 1,420 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $199.76, for a total value of $283,659.20. Following the transaction, the executive vice president now directly owns 18,073 shares of the company’s stock, valued at $3,610,262.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $170.00, for a total transaction of $85,000.00. Following the completion of the transaction, the chief financial officer now directly owns 31,608 shares in the company, valued at $5,373,360. The disclosure for this sale can be found here. Insiders have sold a total of 7,771 shares of company stock valued at $1,463,205 over the last ninety days. Corporate insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FFIV shares. Barclays increased their target price on shares of F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. StockNews.com cut shares of F5 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. Evercore ISI increased their target price on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their target price on shares of F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada increased their target price on shares of F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $200.89.

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.