Allianz Asset Management GmbH Buys 31,181 Shares of F5, Inc. (NASDAQ:FFIV)

Allianz Asset Management GmbH grew its stake in F5, Inc. (NASDAQ:FFIVFree Report) by 74.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,141 shares of the network technology company’s stock after purchasing an additional 31,181 shares during the quarter. Allianz Asset Management GmbH owned about 0.12% of F5 worth $13,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of F5 during the fourth quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of F5 during the 4th quarter valued at $34,000. Washington Trust Advisors Inc. purchased a new stake in shares of F5 in the 4th quarter worth about $36,000. Janiczek Wealth Management LLC increased 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 in the last quarter. Finally, Anchor Investment Management LLC purchased a new position in F5 during the 4th quarter valued at about $51,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total transaction of $142,568.03. Following the completion of the sale, the executive vice president now owns 15,504 shares of the company’s stock, valued at $2,597,385.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total transaction of $94,560.00. Following the sale, the chief financial officer now directly owns 31,790 shares in the company, valued at approximately $6,012,124.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total transaction of $142,568.03. Following the transaction, the executive vice president now owns 15,504 shares in the company, valued at approximately $2,597,385.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,751 shares of company stock valued at $844,125. 0.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FFIV has been the topic of a number of recent research reports. Royal Bank of Canada cut their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 30th. Piper Sandler reiterated a “neutral” rating and issued a $167.00 target price (down previously from $187.00) on shares of F5 in a research note on Tuesday, April 30th. Barclays reduced their price target on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price objective on shares of F5 in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. increased their target price on F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and a consensus target price of $185.10.

Check Out Our Latest Research Report on FFIV

F5 Price Performance

NASDAQ FFIV opened at $168.97 on Monday. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.24 and a beta of 1.09. F5, Inc. has a 1-year low of $142.16 and a 1-year high of $199.49. The business’s fifty day moving average price is $178.65 and its 200-day moving average price is $179.56.

F5 (NASDAQ:FFIVGet Free Report) last announced its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.03. The company had revenue of $681.00 million during the quarter, compared to analyst estimates of $685.47 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 earnings per share. Equities research analysts anticipate that F5, Inc. will post 9.64 EPS for the current year.

F5 Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding FFIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F5, Inc. (NASDAQ:FFIVFree Report).

Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter.