Pacer Advisors Inc. Has $146.12 Million Holdings in F5, Inc. (NASDAQ:FFIV)

Pacer Advisors Inc. raised its position in shares of F5, Inc. (NASDAQ:FFIV) by 6,700.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 848,388 shares of the network technology company’s stock after buying an additional 835,912 shares during the period. Pacer Advisors Inc. owned about 1.45% of F5 worth $146,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Family Firm Inc. acquired a new stake in shares of F5 in the second quarter valued at $25,000. New Covenant Trust Company N.A. acquired a new position in shares of F5 during the first quarter worth approximately $27,000. Quest Partners LLC grew its stake in shares of F5 by 9,100.0% during the second quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock valued at $32,000 after purchasing an additional 182 shares during the last quarter. Register Financial Advisors LLC bought a new position in F5 in the 1st quarter worth approximately $38,000. Finally, Blue Trust Inc. raised its position in F5 by 49.7% in the 2nd quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock worth $46,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on FFIV shares. StockNews.com lowered F5 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. Needham & Company LLC raised their price target on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Royal Bank of Canada boosted their price objective on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped 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. Finally, Evercore ISI lifted their price target on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, F5 has an average rating of “Hold” and a consensus price target of $200.89.

Insider Buying and Selling at F5

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total transaction of $249,327.50. Following the sale, the chief executive officer now directly owns 121,462 shares in the company, valued at $20,885,390.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total transaction of $249,327.50. Following the completion of the transaction, the chief executive officer now directly owns 121,462 shares in the company, valued at $20,885,390.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scot Frazier Rogers sold 1,420 shares of F5 stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $199.76, for a total transaction of $283,659.20. Following the completion of the sale, the executive vice president now owns 18,073 shares in the company, valued at $3,610,262.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,271 shares of company stock valued at $1,378,205. 0.58% of the stock is currently owned by corporate insiders.

F5 Stock Up 0.8 %

FFIV opened at $219.24 on Friday. The company has a fifty day simple moving average of $193.79 and a 200 day simple moving average of $183.35. The stock has a market cap of $12.85 billion, a P/E ratio of 26.26, a P/E/G 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.

F5 (NASDAQ:FFIV) last released its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.39. F5 had a return on equity of 21.03% and a net margin of 19.94%. 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 firm posted $2.46 earnings per share. F5’s revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts expect that F5, Inc. will post 10.18 earnings per share 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.