Handelsbanken Fonder AB Has $3.19 Million Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Handelsbanken Fonder AB lifted its position in shares of F5, Inc. (NASDAQ:FFIV) by 28.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,500 shares of the network technology company’s stock after buying an additional 3,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in F5 were worth $3,193,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. New Covenant Trust Company N.A. acquired a new stake in F5 in the 1st quarter worth about $27,000. Family Firm Inc. acquired a new stake in shares of F5 in the second quarter valued at approximately $25,000. Quest Partners LLC boosted its stake in shares of 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 buying an additional 182 shares during the period. Register Financial Advisors LLC acquired a new stake in F5 during the first quarter worth approximately $38,000. Finally, Blue Trust Inc. increased its stake in F5 by 49.7% during the 2nd quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock worth $46,000 after acquiring an additional 80 shares during the period. Institutional investors own 90.66% of the company’s stock.

F5 Stock Performance

Shares of FFIV opened at $219.51 on Wednesday. F5, Inc. has a 52 week low of $145.45 and a 52 week high of $223.74. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.77 and a beta of 1.06. The stock has a fifty day moving average of $204.55 and a 200-day moving average of $185.87.

F5 (NASDAQ:FFIV) last posted its 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. The firm had revenue of $695.50 million during the quarter, compared to the consensus estimate of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the company earned $2.46 earnings per share. As a group, equities analysts forecast that F5, Inc. will post 10.18 EPS for the current year.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total value of $316,477.00. Following the completion of the transaction, the chief executive officer now directly owns 121,122 shares in the company, valued at approximately $26,436,087.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total transaction of $316,477.00. Following the transaction, the chief executive officer now directly owns 121,122 shares of the company’s stock, valued at approximately $26,436,087.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $176.20, for a total value of $88,100.00. Following the completion of the sale, the chief financial officer now directly owns 31,108 shares of the company’s stock, valued at approximately $5,481,229.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,871 shares of company stock worth $1,575,855 in the last ninety days. Company insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FFIV shares. Royal Bank of Canada upped their target price on F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. Piper Sandler raised their target price on shares of F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a 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. Evercore ISI lifted their price objective 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. Finally, Needham & Company LLC upped their target price on F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. One research 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.com, the company currently has an average rating of “Hold” and a consensus target price of $204.56.

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.