CX Institutional Invests $125,000 in F5, Inc. (NASDAQ:FFIV)

CX Institutional purchased a new position in F5, Inc. (NASDAQ:FFIV) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 468 shares of the network technology company’s stock, valued at approximately $125,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Savant Capital LLC lifted its holdings in F5 by 11.8% in the fourth quarter. Savant Capital LLC now owns 1,119 shares of the network technology company’s stock valued at $281,000 after acquiring an additional 118 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in F5 by 457.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock worth $7,899,000 after acquiring an additional 25,748 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in F5 by 18.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 33,063 shares of the network technology company’s stock valued at $8,452,000 after buying an additional 5,062 shares during the last quarter. New York State Teachers Retirement System lifted its stake in F5 by 6.6% during the fourth quarter. New York State Teachers Retirement System now owns 54,040 shares of the network technology company’s stock worth $13,589,000 after purchasing an additional 3,345 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of F5 by 1,132.1% in the 4th quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock valued at $94,000 after buying an additional 317 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Trading Up 1.3%

FFIV stock opened at $290.34 on Tuesday. The company’s 50-day moving average price is $275.71 and its 200 day moving average price is $272.97. F5, Inc. has a 52 week low of $165.68 and a 52 week high of $313.00. The company has a market cap of $16.67 billion, a P/E ratio of 28.86, a P/E/G ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, topping the consensus estimate of $3.11 by $0.31. F5 had a return on equity of 20.98% and a net margin of 20.58%. The business had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. During the same quarter in the previous year, the company earned $2.91 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that F5, Inc. will post 11.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

FFIV has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $320.00 price objective on shares of F5 in a research note on Tuesday, April 29th. JPMorgan Chase & Co. reduced their price objective on F5 from $296.00 to $285.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Wall Street Zen downgraded F5 from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. Barclays dropped their target price on F5 from $296.00 to $274.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $290.00 price objective on shares of F5 in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, F5 has a consensus rating of “Hold” and a consensus price target of $282.56.

Insider Buying and Selling

In other F5 news, Director Michael L. Dreyer sold 1,800 shares of F5 stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the completion of the transaction, the director now owns 4,376 shares in the company, valued at approximately $1,251,360.96. The trade was a 29.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the sale, the chief executive officer now owns 148,647 shares in the company, valued at $39,446,454.39. This represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,519 shares of company stock worth $2,370,959 in the last three months. Corporate insiders own 0.52% of the company’s stock.

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.