Heron Bay Capital Management Acquires 782 Shares of F5, Inc. (NASDAQ:FFIV)

Heron Bay Capital Management boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 56.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,172 shares of the network technology company’s stock after purchasing an additional 782 shares during the quarter. Heron Bay Capital Management’s holdings in F5 were worth $374,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Commerce Bank grew its holdings in F5 by 3.1% during the 4th quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock valued at $342,000 after buying an additional 57 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in F5 by 4.9% in the 2nd quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company’s stock valued at $233,000 after acquiring an additional 63 shares during the last quarter. Tocqueville Asset Management L.P. increased its holdings in F5 by 0.6% in the 1st quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock valued at $2,186,000 after acquiring an additional 64 shares during the last quarter. Profund Advisors LLC lifted its stake in F5 by 6.3% in the 2nd quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company’s stock worth $204,000 after purchasing an additional 70 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of F5 by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock valued at $4,862,000 after purchasing an additional 73 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

F5 Stock Up 0.8 %

FFIV stock opened at $219.24 on Friday. F5, Inc. has a twelve month low of $145.45 and a twelve month high of $221.12. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. The firm’s fifty day simple moving average is $194.65 and its two-hundred day simple moving average is $183.50.

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 net margin of 19.94% and a return on equity of 21.03%. The firm had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. During the same period in the previous year, the company earned $2.46 EPS. The firm’s revenue for the quarter 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.

Analysts Set New Price Targets

FFIV has been the topic of several research reports. StockNews.com cut F5 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. Barclays lifted their price objective on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Needham & Company LLC increased their target price on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Piper Sandler boosted their price target on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Finally, Evercore ISI upped their price target on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research note on Tuesday, July 30th. One investment 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, F5 presently has a consensus rating of “Hold” and an average price target of $200.89.

Insider Activity

In related news, Director Alan Higginson sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $201.65, for a total transaction of $201,650.00. Following the completion of the sale, the director now directly owns 10,707 shares of the company’s stock, valued at approximately $2,159,066.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 31,125 shares of the company’s stock, valued at $6,123,221.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alan Higginson sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $201.65, for a total value of $201,650.00. Following the completion of the sale, the director now owns 10,707 shares of the company’s stock, valued at approximately $2,159,066.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,271 shares of company stock valued at $1,378,205. 0.58% of the stock is currently owned by 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.