Inspire Investing LLC Purchases 142 Shares of F5, Inc. (NASDAQ:FFIV)

Inspire Investing LLC grew its position in F5, Inc. (NASDAQ:FFIV) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,027 shares of the network technology company’s stock after purchasing an additional 142 shares during the period. Inspire Investing LLC’s holdings in F5 were worth $349,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of FFIV. Bessemer Group Inc. boosted its holdings in F5 by 424.1% in the first quarter. Bessemer Group Inc. now owns 7,604 shares of the network technology company’s stock valued at $1,442,000 after acquiring an additional 6,153 shares during the last quarter. LSV Asset Management acquired a new stake in shares of F5 during the first quarter worth $1,479,000. ProShare Advisors LLC increased its holdings in F5 by 60.7% during the 1st quarter. ProShare Advisors LLC now owns 17,083 shares of the network technology company’s stock worth $3,239,000 after purchasing an additional 6,451 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of F5 by 74.3% during the fourth quarter. Allianz Asset Management GmbH now owns 73,141 shares of the network technology company’s stock worth $13,091,000 after buying an additional 31,181 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of F5 by 195.1% during the 1st quarter. Janus Henderson Group PLC now owns 21,994 shares of the network technology company’s stock worth $4,170,000 after acquiring an additional 14,541 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Transactions at F5

In other news, Director Alan Higginson sold 1,000 shares of the company’s stock in a transaction dated 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 $2,159,066.55. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $196.73, for a total transaction of $98,365.00. Following the completion of the sale, the chief financial officer now directly owns 31,125 shares of the company’s stock, valued at approximately $6,123,221.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan Higginson sold 1,000 shares of the company’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 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. Insiders sold 7,271 shares of company stock valued at $1,378,205 over the last three months. Company insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

FFIV has been the topic of a number of analyst reports. StockNews.com cut F5 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. Barclays upped their price objective on shares of F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. boosted 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. Royal Bank of Canada boosted their price target on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Finally, Needham & Company LLC lifted their price target on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $200.89.

F5 Stock Up 0.5 %

Shares of F5 stock opened at $220.38 on Tuesday. The business has a 50 day moving average price of $195.48 and a 200-day moving average price of $183.64. F5, Inc. has a 52 week low of $145.45 and a 52 week high of $222.40. The company has a market cap of $12.92 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06.

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

About F5

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.