KBC Group NV Purchases 9,698 Shares of F5, Inc. (NASDAQ:FFIV)

KBC Group NV grew its position in shares of F5, Inc. (NASDAQ:FFIVGet Rating) by 53.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,787 shares of the network technology company’s stock after purchasing an additional 9,698 shares during the period. KBC Group NV’s holdings in F5 were worth $5,806,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC bought a new stake in shares of F5 in the 4th quarter valued at about $2,343,000. Mutual of America Capital Management LLC lifted its stake in shares of F5 by 0.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 7,964 shares of the network technology company’s stock valued at $1,949,000 after acquiring an additional 49 shares during the last quarter. Todd Asset Management LLC lifted its stake in shares of F5 by 21.1% in the 4th quarter. Todd Asset Management LLC now owns 180,549 shares of the network technology company’s stock valued at $44,182,000 after acquiring an additional 31,516 shares during the last quarter. Advisor Partners LLC bought a new stake in shares of F5 in the 4th quarter valued at about $252,000. Finally, Toronto Dominion Bank lifted its stake in shares of F5 by 20.8% in the 4th quarter. Toronto Dominion Bank now owns 40,307 shares of the network technology company’s stock valued at $9,863,000 after acquiring an additional 6,935 shares during the last quarter. Institutional investors own 91.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TheStreet lowered F5 from a “b” rating to a “c+” rating in a research note on Tuesday, May 17th. Barclays reduced their price target on F5 from $216.00 to $205.00 and set an “overweight” rating on the stock in a report on Tuesday, July 26th. Credit Suisse Group boosted their price target on F5 from $167.00 to $171.00 and gave the company a “neutral” rating in a report on Tuesday, July 26th. Morgan Stanley reduced their price target on F5 from $235.00 to $205.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 13th. Finally, Royal Bank of Canada reduced their price target on F5 from $210.00 to $200.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $211.38.

F5 Stock Up 0.1 %

F5 stock opened at $172.38 on Friday. The company has a market capitalization of $10.42 billion, a P/E ratio of 30.78, a PEG ratio of 5.46 and a beta of 1.15. The stock’s 50 day moving average is $157.64 and its 200 day moving average is $182.08. F5, Inc. has a twelve month low of $142.43 and a twelve month high of $249.00.

F5 (NASDAQ:FFIVGet Rating) last posted its quarterly earnings results on Monday, July 25th. The network technology company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.34. The company had revenue of $674.49 million for the quarter, compared to the consensus estimate of $667.81 million. F5 had a return on equity of 19.06% and a net margin of 12.83%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.98 EPS. As a group, equities analysts expect that F5, Inc. will post 6.72 EPS for the current year.

Insider Activity at F5

In related news, EVP Chad Michael Whalen sold 254 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $168.68, for a total value of $42,844.72. Following the transaction, the executive vice president now directly owns 8,677 shares of the company’s stock, valued at approximately $1,463,636.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Chad Michael Whalen sold 254 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $168.68, for a total value of $42,844.72. Following the transaction, the executive vice president now directly owns 8,677 shares of the company’s stock, valued at approximately $1,463,636.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $170.00, for a total value of $85,000.00. Following the transaction, the chief financial officer now directly owns 18,312 shares in the company, valued at $3,113,040. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,705 shares of company stock valued at $1,112,127. 0.46% of the stock is owned by corporate insiders.

F5 Profile

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F5, Inc provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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