Zurcher Kantonalbank Zurich Cantonalbank Has $2.80 Million Stock Position in F5, Inc. (NASDAQ:FFIV)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of F5, Inc. (NASDAQ:FFIV) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,636 shares of the network technology company’s stock after purchasing an additional 596 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in F5 were worth $2,799,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Washington Trust Advisors Inc. acquired a new stake in F5 during the fourth quarter valued at $36,000. Janiczek Wealth Management LLC lifted its position in shares of F5 by 56.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock worth $46,000 after buying an additional 93 shares during the last quarter. Addison Advisors LLC lifted its position in shares of F5 by 36.1% in the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock worth $45,000 after buying an additional 74 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of F5 in the fourth quarter worth about $51,000. Finally, Headinvest LLC acquired a new stake in shares of F5 in the third quarter worth about $65,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on FFIV shares. KeyCorp boosted their price target on F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. boosted their price target on F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. The Goldman Sachs Group boosted their price objective on F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Barclays boosted their price objective on F5 from $163.00 to $206.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Finally, Piper Sandler boosted their price objective on F5 from $170.00 to $187.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $192.22.

Insider Activity

In other news, CEO Francois Locoh-Donou sold 6,400 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $188.02, for a total value of $1,203,328.00. Following the sale, the chief executive officer now directly owns 123,251 shares in the company, valued at approximately $23,173,653.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $182.31, for a total value of $91,155.00. Following the sale, the chief financial officer now directly owns 32,290 shares in the company, valued at approximately $5,886,789.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 6,400 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $188.02, for a total value of $1,203,328.00. Following the completion of the sale, the chief executive officer now owns 123,251 shares in the company, valued at $23,173,653.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,701 shares of company stock worth $1,818,660. Company insiders own 0.58% of the company’s stock.

F5 Stock Up 1.3 %

Shares of FFIV opened at $179.55 on Tuesday. F5, Inc. has a 12-month low of $129.93 and a 12-month high of $199.49. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 2.61 and a beta of 1.11. The stock’s 50-day moving average price is $187.80 and its 200 day moving average price is $175.83.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, January 29th. The network technology company reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.39. F5 had a return on equity of 20.81% and a net margin of 16.43%. The firm had revenue of $693.00 million for the quarter, compared to analyst estimates of $684.77 million. During the same period in the previous year, the company posted $1.65 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities research analysts expect that F5, Inc. will post 9.59 EPS 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.