Huber Capital Management LLC Takes $1.19 Million Position in F5, Inc. (NASDAQ:FFIV)

Huber Capital Management LLC acquired a new position in F5, Inc. (NASDAQ:FFIV) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 6,900 shares of the network technology company’s stock, valued at approximately $1,188,000.

Other large investors have also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in shares of F5 in the second quarter valued at about $25,000. New Covenant Trust Company N.A. purchased a new position in F5 during the first quarter worth $27,000. Quest Partners LLC raised its holdings in shares of F5 by 9,100.0% in the second quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock worth $32,000 after acquiring an additional 182 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in shares of F5 in the first quarter valued at $38,000. Finally, Blue Trust Inc. boosted its stake in shares of F5 by 49.7% during the second quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock valued at $46,000 after acquiring an additional 80 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at F5

In other F5 news, Director Alan Higginson sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $201.65, for a total value of $201,650.00. Following the transaction, the director now directly owns 10,707 shares of the company’s stock, valued at $2,159,066.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $176.20, for a total value of $88,100.00. Following the completion of the transaction, the chief financial officer now directly owns 31,108 shares in the company, valued at $5,481,229.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction on Monday, September 9th. The stock was sold at an average price of $201.65, for a total transaction of $201,650.00. Following the sale, the director now directly owns 10,707 shares in the company, valued at approximately $2,159,066.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,271 shares of company stock worth $1,378,205. 0.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FFIV has been the topic of a number of recent research reports. Barclays upped their target price on shares of F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Evercore ISI upped their price objective on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research note on Tuesday, July 30th. Needham & Company LLC lifted their target price on shares of F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. StockNews.com lowered F5 from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th. Finally, Piper Sandler lifted their price objective on F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $200.89.

F5 Price Performance

F5 stock opened at $219.24 on Friday. The company has a market cap of $12.85 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. F5, Inc. has a 12 month low of $145.45 and a 12 month high of $221.12. The stock’s 50-day moving average is $194.65 and its 200-day moving average is $183.53.

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

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.