Sei Investments Co. Buys 5,422 Shares of F5, Inc. (NASDAQ:FFIV)

Sei Investments Co. grew its position in shares of F5, Inc. (NASDAQ:FFIV) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,448 shares of the network technology company’s stock after purchasing an additional 5,422 shares during the period. Sei Investments Co. owned approximately 0.23% of F5 worth $23,328,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FFIV. Pacer Advisors Inc. grew its holdings in F5 by 6,700.2% during the 2nd quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after buying an additional 835,912 shares in the last quarter. Lyrical Asset Management LP increased its position in F5 by 38.3% in the fourth quarter. Lyrical Asset Management LP now owns 1,145,302 shares of the network technology company’s stock worth $204,986,000 after purchasing an additional 317,263 shares during the last quarter. Norges Bank purchased a new stake in F5 during the fourth quarter valued at $45,937,000. American Century Companies Inc. lifted its position in F5 by 10.5% during the second quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock valued at $294,392,000 after purchasing an additional 162,820 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of F5 by 49.8% in the 2nd quarter. Hsbc Holdings PLC now owns 424,249 shares of the network technology company’s stock worth $73,046,000 after buying an additional 141,040 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FFIV. StockNews.com lowered F5 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. Piper Sandler boosted their target price on F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Royal Bank of Canada boosted their price objective 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. Finally, The Goldman Sachs Group lifted their price target on shares of F5 from $185.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, F5 has an average rating of “Hold” and an average target price of $204.56.

Insider Activity at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total transaction of $249,327.50. Following the transaction, the chief executive officer now directly owns 121,462 shares in the company, valued at approximately $20,885,390.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was 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 filing with the SEC, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total value of $249,327.50. Following the sale, the chief executive officer now owns 121,462 shares of the company’s stock, valued at $20,885,390.90. The disclosure for this sale can be found here. Insiders sold 7,871 shares of company stock worth $1,508,705 over the last three months. 0.58% of the stock is owned by corporate insiders.

F5 Price Performance

Shares of FFIV stock opened at $223.60 on Wednesday. The company has a market capitalization of $13.11 billion, a P/E ratio of 26.78, a P/E/G ratio of 2.55 and a beta of 1.06. The company’s 50-day simple moving average is $196.29 and its two-hundred day simple moving average is $183.86. F5, Inc. has a one year low of $145.45 and a one year high of $223.74.

F5 (NASDAQ:FFIV) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. F5’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.46 earnings per share. On average, research analysts expect that F5, Inc. will post 10.18 EPS for the current fiscal 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.