Inspire Investing LLC Acquires 142 Shares of F5, Inc. (NASDAQ:FFIV)

Inspire Investing LLC lifted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 7.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,027 shares of the network technology company’s stock after acquiring an additional 142 shares during the quarter. Inspire Investing LLC’s holdings in F5 were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. bought a new position in shares of F5 in the 2nd quarter worth about $25,000. New Covenant Trust Company N.A. bought a new position in F5 during the first quarter valued at approximately $27,000. Quest Partners LLC grew its position in F5 by 9,100.0% in the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock worth $32,000 after purchasing an additional 182 shares during the period. Register Financial Advisors LLC purchased a new stake in F5 during the 1st quarter valued at $38,000. Finally, Blue Trust Inc. lifted its holdings in shares of F5 by 49.7% during the 2nd quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock valued at $46,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total transaction of $249,327.50. Following the completion of the sale, the chief executive officer now owns 121,462 shares of the company’s stock, valued at $20,885,390.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $201.65, for a total transaction of $201,650.00. Following the transaction, the director now directly owns 10,707 shares of the company’s stock, valued at $2,159,066.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total transaction of $249,327.50. Following the completion of the transaction, the chief executive officer now directly owns 121,462 shares of the company’s stock, valued at approximately $20,885,390.90. The disclosure for this sale can be found here. Insiders have sold 7,271 shares of company stock worth $1,378,205 in the last three months. Corporate insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

FFIV has been the subject of a number of research reports. Needham & Company LLC upped their price objective on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Barclays increased their price objective on shares of F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Evercore ISI boosted their target price on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Finally, Piper Sandler boosted their price objective on shares of F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $200.89.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $220.38 on Tuesday. The business has a 50 day simple moving average of $195.48 and a two-hundred day simple moving average of $183.64. F5, Inc. has a 1 year low of $145.45 and a 1 year high of $222.40. The firm has a market capitalization of $12.92 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06.

F5 (NASDAQ:FFIV) last released its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.39. The business had revenue of $695.50 million for the quarter, compared to analyst estimates of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 earnings per share. Equities research analysts expect that F5, Inc. will post 10.18 EPS for the current fiscal 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.