Kathleen S. Wright Associates Inc. Buys Shares of 144 F5, Inc. (NASDAQ:FFIV)

Kathleen S. Wright Associates Inc. purchased a new position in shares of F5, Inc. (NASDAQ:FFIV) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 144 shares of the network technology company’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds have also made changes to their positions in FFIV. Vanguard Group Inc. lifted its holdings in shares of F5 by 0.4% in the first 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 in the last quarter. American Century Companies Inc. lifted its stake in F5 by 10.5% in the 2nd 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 in the last quarter. Pacer Advisors Inc. grew its holdings in F5 by 6,700.2% during the 2nd quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after buying an additional 835,912 shares during the last quarter. AQR Capital Management LLC increased its position in F5 by 48.9% during the second quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock worth $111,932,000 after buying an additional 214,351 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of F5 by 14.2% in the first quarter. Acadian Asset Management LLC now owns 625,734 shares of the network technology company’s stock worth $118,607,000 after acquiring an additional 77,611 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at F5

In other news, Director Alan Higginson sold 1,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was 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 $2,159,066.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $176.20, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Higginson sold 1,000 shares of F5 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 sale, the director now owns 10,707 shares in the company, valued at approximately $2,159,066.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,871 shares of company stock worth $1,575,855. Corporate insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on FFIV. JPMorgan Chase & Co. lifted their price objective on F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Piper Sandler lifted their target price on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group increased their price target on F5 from $185.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. StockNews.com cut F5 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. Finally, Needham & Company LLC increased their target price on F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $204.56.

F5 Trading Down 1.1 %

NASDAQ:FFIV traded down $2.52 on Monday, hitting $220.10. 246,090 shares of the stock were exchanged, compared to its average volume of 513,212. The stock has a fifty day moving average of $206.06 and a 200-day moving average of $186.59. The stock has a market cap of $12.90 billion, a PE ratio of 26.36, a PEG ratio of 2.61 and a beta of 1.06. F5, Inc. has a fifty-two week low of $145.45 and a fifty-two week high of $224.47.

F5 (NASDAQ:FFIV) last posted 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. 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 the consensus estimate of $686.06 million. During the same quarter in the prior year, the company earned $2.46 EPS. The company’s revenue was down 1.0% on a year-over-year basis. As a group, analysts predict that F5, Inc. will post 10.18 earnings per share for the current year.

About F5

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.