F5, Inc. (NASDAQ:FFIV) Shares Purchased by abrdn plc

abrdn plc increased its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 23.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,576 shares of the network technology company’s stock after purchasing an additional 5,117 shares during the period. abrdn plc’s holdings in F5 were worth $4,757,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FFIV. Washington Trust Advisors Inc. acquired a new stake in F5 during the 4th quarter worth $36,000. Addison Advisors LLC lifted its stake in shares of F5 by 36.1% in the 3rd quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock worth $45,000 after acquiring an additional 74 shares during the period. Janiczek Wealth Management LLC lifted its stake in shares of F5 by 56.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock worth $46,000 after acquiring an additional 93 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of F5 in the 4th quarter worth $51,000. Finally, Headinvest LLC acquired a new stake in shares of F5 in the 3rd quarter worth $65,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. The Goldman Sachs Group raised their target price on shares of F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Barclays raised their target price on shares of F5 from $163.00 to $206.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Piper Sandler increased their price target on shares of F5 from $170.00 to $187.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $204.00 price target on shares of F5 in a report on Friday, February 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of F5 in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $192.22.

Insider Buying and Selling at F5

In other F5 news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the transaction, the chief financial officer now directly owns 31,790 shares in the company, valued at approximately $6,012,124.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the sale, the chief financial officer now directly owns 31,790 shares in the company, valued at $6,012,124.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 6,400 shares of F5 stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $188.02, for a total transaction of $1,203,328.00. Following the sale, the chief executive officer now owns 123,251 shares of the company’s stock, valued at $23,173,653.02. The disclosure for this sale can be found here. In the last three months, insiders sold 10,201 shares of company stock worth $1,908,065. 0.58% of the stock is owned by corporate insiders.

F5 Trading Up 0.0 %

NASDAQ:FFIV opened at $181.94 on Friday. The firm has a 50-day moving average price of $187.66 and a two-hundred day moving average price of $176.39. F5, Inc. has a twelve month low of $129.93 and a twelve month high of $199.49. The company has a market capitalization of $10.70 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 2.67 and a beta of 1.11.

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

F5 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.