Cwm LLC Purchases 342 Shares of F5, Inc. (NASDAQ:FFIV)

Cwm LLC boosted its position in F5, Inc. (NASDAQ:FFIV) by 24.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,730 shares of the network technology company’s stock after acquiring an additional 342 shares during the period. Cwm LLC’s holdings in F5 were worth $381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of F5 by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 7,465,022 shares of the network technology company’s stock valued at $1,415,294,000 after purchasing an additional 29,154 shares during the last quarter. American Century Companies Inc. lifted its holdings in F5 by 10.5% in the second quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock valued at $294,392,000 after buying an additional 162,820 shares during the period. Pacer Advisors Inc. boosted its stake in F5 by 6,700.2% in the second quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after acquiring an additional 835,912 shares during the last quarter. AQR Capital Management LLC grew its holdings in F5 by 48.9% during the 2nd quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock worth $111,932,000 after acquiring an additional 214,351 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of F5 by 14.2% during the 1st quarter. Acadian Asset Management LLC now owns 625,734 shares of the network technology company’s stock valued at $118,607,000 after acquiring an additional 77,611 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Stock Up 0.2 %

Shares of FFIV stock opened at $217.48 on Monday. F5, Inc. has a 12-month low of $145.45 and a 12-month high of $224.47. The firm has a fifty day moving average of $208.94 and a 200-day moving average of $187.58. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 2.61 and a beta of 1.06.

F5 (NASDAQ:FFIV) last released its earnings results 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. The firm had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 EPS. On average, equities analysts expect that F5, Inc. will post 10.18 EPS for the current year.

Wall Street Analyst Weigh In

FFIV has been the topic of several recent research reports. Barclays raised their price target on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Royal Bank of Canada boosted their target price on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Piper Sandler increased their price target on shares of F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group boosted their price objective on shares of F5 from $185.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Finally, Needham & Company LLC increased their target price on shares of F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, F5 presently has a consensus rating of “Hold” and a consensus target price of $204.56.

Insider Buying and Selling at F5

In other news, CEO Francois Locoh-Donou sold 1,450 shares of the firm’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 transaction of $316,477.00. Following the completion of the transaction, the chief executive officer now directly owns 121,122 shares of the company’s stock, valued at $26,436,087.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $192.71, for a total transaction of $163,996.21. Following the transaction, the executive vice president now directly owns 16,000 shares in the company, valued at $3,083,360. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total transaction of $316,477.00. Following the completion of the sale, the chief executive officer now owns 121,122 shares of the company’s stock, valued at $26,436,087.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,371 shares of company stock worth $1,487,755. Corporate insiders own 0.58% of the company’s stock.

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.