F5, Inc. (NASDAQ:FFIV) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its position in shares of F5, Inc. (NASDAQ:FFIV) by 2,788.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,213 shares of the network technology company’s stock after purchasing an additional 1,171 shares during the period. Exchange Traded Concepts LLC’s holdings in F5 were worth $267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Simon Quick Advisors LLC boosted its position in F5 by 4.9% during the second quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company’s stock worth $233,000 after acquiring an additional 63 shares during the last quarter. Tocqueville Asset Management L.P. increased its stake in F5 by 0.6% in the first quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock valued at $2,186,000 after purchasing an additional 64 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of F5 by 6.3% during the 2nd quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company’s stock worth $204,000 after acquiring an additional 70 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of F5 by 0.3% in 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. Finally, Empirical Finance LLC boosted its holdings in F5 by 3.6% in the first quarter. Empirical Finance LLC now owns 2,155 shares of the network technology company’s stock valued at $409,000 after acquiring an additional 74 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

F5 Price Performance

FFIV stock opened at $217.48 on Monday. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.61 and a beta of 1.06. F5, Inc. has a 1-year low of $145.45 and a 1-year high of $224.47. The firm has a fifty day moving average price of $208.94 and a two-hundred day moving average price of $187.58.

F5 (NASDAQ:FFIV) last announced its quarterly earnings data on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, beating 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 business had revenue of $695.50 million during the quarter, compared to the consensus estimate of $686.06 million. During the same quarter in the prior year, the firm earned $2.46 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, analysts expect that F5, Inc. will post 10.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Alan Higginson sold 1,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 10,707 shares in the company, valued at $2,159,066.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other F5 news, Director Alan Higginson sold 1,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $201.65, for a total transaction of $201,650.00. Following the completion of the transaction, the director now directly owns 10,707 shares of the company’s stock, valued at $2,159,066.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the chief financial officer now owns 31,125 shares in the company, valued at $6,123,221.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,371 shares of company stock valued at $1,487,755. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on FFIV shares. Evercore ISI increased their price target on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a report on Tuesday, July 30th. Piper Sandler upped their price target on F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Barclays lifted their price objective on shares of F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Royal Bank of Canada upped their target price on shares of F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Finally, StockNews.com downgraded shares of F5 from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.