E. Ohman J or Asset Management AB Makes New $595,000 Investment in F5, Inc. (NASDAQ:FFIV)

E. Ohman J or Asset Management AB purchased a new stake in shares of F5, Inc. (NASDAQ:FFIV) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,700 shares of the network technology company’s stock, valued at approximately $595,000.

A number of other large investors have also recently modified their holdings of the business. Family Firm Inc. purchased a new position in shares of F5 during the 2nd quarter valued at about $25,000. New Covenant Trust Company N.A. purchased a new position in shares of F5 during the first quarter valued at approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of F5 during the third quarter valued at approximately $28,000. Quest Partners LLC increased its stake in shares of F5 by 9,100.0% during 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. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of F5 during the third quarter valued at approximately $32,000. Institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling

In other F5 news, CFO Francis J. Pelzer sold 600 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $217.67, for a total transaction of $130,602.00. Following the sale, the chief financial officer now directly owns 29,825 shares of the company’s stock, valued at $6,492,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction that occurred on 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 owns 121,122 shares of the company’s stock, valued at approximately $26,436,087.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Francis J. Pelzer sold 600 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $217.67, for a total value of $130,602.00. Following the transaction, the chief financial officer now directly owns 29,825 shares in the company, valued at approximately $6,492,007.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,971 shares of company stock worth $1,618,357. Corporate insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FFIV. StockNews.com lowered F5 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. The Goldman Sachs Group upped their price target on F5 from $185.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. raised their target price on shares of F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Needham & Company LLC lifted their price objective on F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada lifted their price objective on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $210.13.

F5 Stock Up 1.5 %

Shares of F5 stock opened at $216.87 on Friday. The stock’s 50-day simple moving average is $211.29 and its 200-day simple moving average is $188.43. F5, Inc. has a 52 week low of $146.02 and a 52 week high of $224.47. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.54 and a beta of 1.06.

F5 (NASDAQ:FFIV) last posted its earnings results on Monday, July 29th. The network technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.39. The company had revenue of $695.50 million for 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 firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.46 earnings per share. On average, equities analysts expect that F5, Inc. will post 10.17 earnings per share for the current year.

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.