F5, Inc. (NASDAQ:FFIV) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 12.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,710 shares of the network technology company’s stock after buying an additional 7,349 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.11% of F5 worth $11,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of F5 by 10.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 517,948 shares of the network technology company’s stock valued at $92,704,000 after acquiring an additional 49,562 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of F5 by 14.3% during the fourth quarter. Principal Financial Group Inc. now owns 87,325 shares of the network technology company’s stock worth $15,629,000 after buying an additional 10,948 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of F5 by 31.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 4,174 shares of the network technology company’s stock valued at $747,000 after buying an additional 997 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of F5 by 33.0% in the 4th quarter. Quadrant Capital Group LLC now owns 754 shares of the network technology company’s stock valued at $135,000 after acquiring an additional 187 shares during the period. Finally, Panagora Asset Management Inc. acquired a new position in shares of F5 in the 4th quarter valued at $206,000. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Stock Performance

FFIV stock opened at $213.42 on Tuesday. The firm has a market cap of $12.51 billion, a PE ratio of 25.56, 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 $213.88.

F5 (NASDAQ:FFIV) last released its quarterly earnings results 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 net margin of 19.94% and a return on equity of 21.03%. The company had revenue of $695.50 million for the quarter, compared to analyst estimates of $686.06 million. During the same quarter last year, the business earned $2.46 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. Research analysts predict that F5, Inc. will post 10.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. StockNews.com downgraded shares of F5 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. Royal Bank of Canada lifted their price objective on shares of F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Needham & Company LLC increased their price objective 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. Finally, Evercore ISI increased their price objective on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $200.89.

Insider Activity

In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $170.00, for a total value of $85,000.00. Following the sale, the chief financial officer now owns 31,608 shares in the company, valued at $5,373,360. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Alan Higginson sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were 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 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 worth $1,463,205 over the last 90 days. 0.58% of the stock is currently owned by company insiders.

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.