F5, Inc. (NASDAQ:FFIV) Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. lifted its stake in F5, Inc. (NASDAQ:FFIV) by 358.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,971 shares of the network technology company’s stock after buying an additional 5,452 shares during the period. iA Global Asset Management Inc.’s holdings in F5 were worth $1,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of F5 during the fourth quarter worth approximately $25,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of F5 during the fourth quarter worth about $34,000. Register Financial Advisors LLC bought a new stake in F5 in the first quarter valued at about $38,000. Janiczek Wealth Management LLC lifted its holdings in F5 by 56.4% during the 4th quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock worth $46,000 after buying an additional 93 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of F5 by 3,512.5% in the 4th quarter. First Horizon Advisors Inc. now owns 289 shares of the network technology company’s stock valued at $52,000 after acquiring an additional 281 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Trading Down 4.0 %

Shares of NASDAQ FFIV traded down $8.16 during mid-day trading on Thursday, reaching $195.48. The company had a trading volume of 912,116 shares, compared to its average volume of 508,598. F5, Inc. has a 1-year low of $145.45 and a 1-year high of $205.92. The stock has a market cap of $11.46 billion, a PE ratio of 24.39, a P/E/G ratio of 2.67 and a beta of 1.08. The company has a 50-day moving average price of $172.41 and a two-hundred day moving average price of $179.43.

F5 (NASDAQ:FFIV) last announced its earnings results on Monday, July 29th. The network technology company reported $3.36 EPS for the quarter, topping the consensus estimate of $2.97 by $0.39. F5 had a net margin of 19.94% and a return on equity of 21.03%. The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. During the same period last year, the company posted $2.46 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, research analysts expect that F5, Inc. will post 9.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler lifted their price objective on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price target on F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday. Royal Bank of Canada increased 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. Evercore ISI increased their price objective on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a report on Tuesday. Finally, Needham & Company LLC increased their price objective on F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $200.89.

Insider Transactions at F5

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $168.11, for a total value of $243,759.50. Following the completion of the sale, the chief executive officer now directly owns 124,362 shares of the company’s stock, valued at approximately $20,906,495.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Michael L. Dreyer sold 2,250 shares of F5 stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $167.93, for a total transaction of $377,842.50. Following the completion of the sale, the director now directly owns 4,867 shares in the company, valued at approximately $817,315.31. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $168.11, for a total transaction of $243,759.50. Following the transaction, the chief executive officer now directly owns 124,362 shares in the company, valued at approximately $20,906,495.82. The disclosure for this sale can be found here. Insiders sold a total of 12,335 shares of company stock valued at $2,131,981 over the last quarter. Company insiders own 0.58% of the company’s stock.

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.