F5, Inc. (NASDAQ:FFIV) Position Increased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 64.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,022 shares of the network technology company’s stock after purchasing an additional 20,404 shares during the period. Quantinno Capital Management LP’s holdings in F5 were worth $13,082,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. bought a new stake in F5 during the fourth quarter valued at $35,000. Hurley Capital LLC acquired a new position in shares of F5 during the fourth quarter valued at $43,000. EverSource Wealth Advisors LLC boosted its holdings in shares of F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after acquiring an additional 49 shares during the period. Smithfield Trust Co acquired a new position in shares of F5 during the fourth quarter valued at $57,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of F5 during the fourth quarter valued at $60,000. Institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling at F5

In other news, EVP Thomas Dean Fountain sold 1,347 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $269.03, for a total value of $362,383.41. Following the transaction, the executive vice president now owns 20,660 shares in the company, valued at $5,558,159.80. This represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the transaction, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. This represents a 14.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,305 shares of company stock valued at $2,561,360. 0.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on FFIV. Bank of America boosted their price target on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. Piper Sandler upped their price objective on shares of F5 from $262.00 to $269.00 and gave the stock a “neutral” rating in a report on Tuesday, April 29th. Morgan Stanley upped their price objective on shares of F5 from $269.00 to $280.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 29th. The Goldman Sachs Group upped their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Evercore ISI upped their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, F5 presently has a consensus rating of “Hold” and a consensus price target of $282.56.

F5 Trading Down 0.6%

Shares of NASDAQ FFIV opened at $281.59 on Thursday. F5, Inc. has a twelve month low of $164.45 and a twelve month high of $313.00. The company has a market capitalization of $16.17 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 3.85 and a beta of 1.00. The firm has a 50-day moving average of $264.12 and a two-hundred day moving average of $265.16.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.31. F5 had a net margin of 20.58% and a return on equity of 20.98%. The company had revenue of $590.16 million during the quarter, compared to the consensus estimate of $719.91 million. During the same period in the prior year, the company earned $2.91 EPS. F5’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts predict that F5, Inc. will post 11.2 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.