DekaBank Deutsche Girozentrale Boosts Holdings in F5, Inc. (NASDAQ:FFIV)

DekaBank Deutsche Girozentrale boosted its stake in shares of F5, Inc. (NASDAQ:FFIV – Get Rating) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 11,125 shares of the network technology company’s stock after purchasing an additional 73 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in F5 were worth $1,622,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Assetmark Inc. purchased a new stake in shares of F5 in the third quarter worth about $30,000. Wipfli Financial Advisors LLC acquired a new position in F5 in the third quarter valued at approximately $43,000. Larson Financial Group LLC boosted its position in F5 by 568.0% in the 2nd quarter. Larson Financial Group LLC now owns 334 shares of the network technology company’s stock worth $51,000 after purchasing an additional 284 shares in the last quarter. Alaska Permanent Fund Corp grew its stake in shares of F5 by 434.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 353 shares of the network technology company’s stock worth $51,000 after purchasing an additional 287 shares during the period. Finally, Janiczek Wealth Management LLC increased its holdings in shares of F5 by 108.2% during the 3rd quarter. Janiczek Wealth Management LLC now owns 379 shares of the network technology company’s stock valued at $54,000 after purchasing an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 93.34% of the company’s stock.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 8,505 shares of the company’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $152.26, for a total value of $1,294,971.30. Following the completion of the sale, the chief executive officer now directly owns 113,335 shares in the company, valued at approximately $17,256,387.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other F5 news, CEO Francois Locoh-Donou sold 8,505 shares of the business’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $152.26, for a total value of $1,294,971.30. Following the transaction, the chief executive officer now directly owns 113,335 shares in the company, valued at approximately $17,256,387.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Chad Michael Whalen sold 2,488 shares of the stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $155.31, for a total transaction of $386,411.28. Following the completion of the sale, the executive vice president now directly owns 11,972 shares of the company’s stock, valued at approximately $1,859,371.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,521 shares of company stock worth $3,747,727. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FFIV has been the topic of a number of recent analyst reports. Needham & Company LLC lowered their price target on shares of F5 from $303.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Evercore ISI dropped their target price on F5 to $155.00 in a research report on Thursday, October 20th. Loop Capital reduced their price target on F5 from $211.00 to $169.00 and set a “buy” rating for the company in a report on Wednesday, January 18th. Guggenheim started coverage on F5 in a report on Monday. They issued a “neutral” rating on the stock. Finally, Barclays reduced their target price on F5 from $205.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $175.33.

F5 Stock Down 0.9 %

Shares of NASDAQ FFIV opened at $146.47 on Wednesday. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.87 and a beta of 1.09. F5, Inc. has a 52 week low of $133.68 and a 52 week high of $225.26. The firm has a 50-day simple moving average of $147.28 and a 200-day simple moving average of $151.35.

F5 (NASDAQ:FFIV – Get Rating) last released its quarterly earnings data on Tuesday, January 24th. The network technology company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.14. The company had revenue of $700.38 million during the quarter, compared to the consensus estimate of $700.59 million. F5 had a net margin of 11.95% and a return on equity of 17.67%. F5’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.89 EPS. As a group, equities research analysts expect that F5, Inc. will post 8.06 EPS for the current year.

F5 Company Profile

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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 multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.