Federated Hermes Inc. Has $971,000 Holdings in F5, Inc. (NASDAQ:FFIV)

Federated Hermes Inc. boosted its stake in shares of F5, Inc. (NASDAQ:FFIV) by 7.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,635 shares of the network technology company’s stock after acquiring an additional 375 shares during the period. Federated Hermes Inc.’s holdings in F5 were worth $971,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Family Firm Inc. bought a new stake in F5 during the second quarter worth about $25,000. New Covenant Trust Company N.A. acquired a new stake in shares of F5 during the 1st quarter worth approximately $27,000. Quest Partners LLC increased its stake in F5 by 9,100.0% in the second quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. Register Financial Advisors LLC bought a new position in F5 in the first quarter valued at approximately $38,000. Finally, Blue Trust Inc. lifted its stake in F5 by 49.7% during the second 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. 90.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FFIV. Needham & Company LLC lifted their price target on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Evercore ISI increased their target price on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a report on Tuesday, July 30th. Royal Bank of Canada lifted their price target on shares of F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. Piper Sandler increased their price objective on shares of F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Finally, Barclays boosted their target price on shares of F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have assigned 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 price target of $200.89.

F5 Stock Up 0.8 %

Shares of NASDAQ:FFIV opened at $219.24 on Friday. The firm 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. The business has a fifty day simple moving average of $194.65 and a 200 day simple moving average of $183.50.

F5 (NASDAQ:FFIV) last issued its quarterly earnings data on Monday, July 29th. The network technology company reported $3.36 earnings per share (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 during the quarter, compared to the consensus estimate of $686.06 million. During the same period last year, the company earned $2.46 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. As a group, equities research analysts expect that F5, Inc. will post 10.18 EPS for the current year.

Insider Transactions at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the company’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 owns 121,462 shares of the company’s stock, valued at $20,885,390.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $176.20, for a total transaction of $88,100.00. Following the transaction, the chief financial officer now owns 31,108 shares in the company, valued at approximately $5,481,229.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction on 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 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 a total of 7,271 shares of company stock worth $1,378,205 over the last three months. 0.58% of the stock is owned by company insiders.

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.