Skandinaviska Enskilda Banken AB publ Acquires 10,234 Shares of F5, Inc. (NASDAQ:FFIV)

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,307 shares of the network technology company’s stock after purchasing an additional 10,234 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.27% of F5 worth $27,265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Firm Inc. bought a new position in shares of F5 during the 2nd quarter worth approximately $25,000. New Covenant Trust Company N.A. bought a new position in F5 during the first quarter worth $27,000. Quest Partners LLC grew its holdings in 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 purchasing an additional 182 shares during the period. Register Financial Advisors LLC bought a new stake in F5 in the first quarter valued at $38,000. Finally, Blue Trust Inc. raised its holdings 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 purchasing an additional 80 shares during the period. Institutional investors own 90.66% of the company’s stock.

Insider Transactions at F5

In related news, Director Alan Higginson sold 1,000 shares of the business’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 sale, the director now directly owns 10,707 shares in the company, valued at approximately $2,159,066.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,481,229.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $201.65, for a total transaction of $201,650.00. Following the completion of the transaction, the director now owns 10,707 shares of the company’s stock, valued at $2,159,066.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,271 shares of company stock worth $1,378,205. 0.58% of the stock is owned by company insiders.

F5 Stock Up 0.8 %

FFIV opened at $219.24 on Friday. F5, Inc. has a twelve month low of $145.45 and a twelve month high of $221.12. The company’s 50-day moving average price is $193.79 and its two-hundred day moving average price is $183.35. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 2.55 and a beta of 1.06.

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

Analysts Set New Price Targets

FFIV has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Barclays boosted their price objective on F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Royal Bank of Canada upped their target price on shares of F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Evercore ISI raised their target price on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a report on Tuesday, July 30th. Finally, StockNews.com downgraded F5 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $200.89.

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.