Lake Street Advisors Group LLC Makes New Investment in F5, Inc. (NASDAQ:FFIV)

Lake Street Advisors Group LLC bought a new stake in shares of F5, Inc. (NASDAQ:FFIV) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,049 shares of the network technology company’s stock, valued at approximately $231,000.

A number of other hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. lifted its position in F5 by 6,700.2% in the 2nd quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock worth $146,118,000 after buying an additional 835,912 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in F5 during the third quarter valued at $61,386,000. AQR Capital Management LLC boosted 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 valued at $111,932,000 after purchasing an additional 214,351 shares during the last quarter. American Century Companies Inc. grew its stake in F5 by 10.5% in the second quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock valued at $294,392,000 after purchasing an additional 162,820 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in F5 by 49.8% in the 2nd quarter. Hsbc Holdings PLC now owns 424,249 shares of the network technology company’s stock worth $73,046,000 after purchasing an additional 141,040 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $188.35, for a total transaction of $273,107.50. Following the sale, the chief executive officer now directly owns 124,022 shares of the company’s stock, valued at $23,359,543.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Francis J. Pelzer sold 600 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $217.67, for a total value of $130,602.00. Following the completion of the transaction, the chief financial officer now owns 29,825 shares of the company’s stock, valued at $6,492,007.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $188.35, for a total value of $273,107.50. Following the sale, the chief executive officer now directly owns 124,022 shares in the company, valued at $23,359,543.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,971 shares of company stock valued at $1,618,357. Insiders own 0.58% of the company’s stock.

F5 Stock Up 1.5 %

Shares of NASDAQ FFIV opened at $216.87 on Monday. F5, Inc. has a 12 month low of $146.02 and a 12 month high of $224.47. The company has a market cap of $12.64 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.54 and a beta of 1.06. The business’s 50 day moving average is $211.29 and its two-hundred day moving average is $188.41.

F5 (NASDAQ:FFIV) last announced 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 business had revenue of $695.50 million for the quarter, compared to analyst estimates of $686.06 million. During the same quarter in the previous year, the firm posted $2.46 earnings per share. F5’s revenue was down 1.0% compared to the same quarter last year. Sell-side analysts expect that F5, Inc. will post 10.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

FFIV has been the subject of several recent research reports. Needham & Company LLC boosted their price target on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Evercore ISI raised their price target on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on shares of F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. The Goldman Sachs Group raised their target price on F5 from $185.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Finally, Barclays upped their price target on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research note 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $210.13.

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.