F5, Inc. (NASDAQ:FFIV) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in F5, Inc. (NASDAQ:FFIV) by 2,788.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,213 shares of the network technology company’s stock after acquiring an additional 1,171 shares during the period. Exchange Traded Concepts LLC’s holdings in F5 were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FFIV. Simon Quick Advisors LLC raised its holdings in F5 by 4.9% during the second quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company’s stock worth $233,000 after purchasing an additional 63 shares in the last quarter. Tocqueville Asset Management L.P. raised its stake in shares of F5 by 0.6% in the 1st quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock worth $2,186,000 after buying an additional 64 shares in the last quarter. Profund Advisors LLC raised its stake in shares of F5 by 6.3% in the 2nd quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company’s stock worth $204,000 after buying an additional 70 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of F5 by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock valued at $4,862,000 after buying an additional 73 shares during the period. Finally, Empirical Finance LLC boosted its stake in F5 by 3.6% during the first quarter. Empirical Finance LLC now owns 2,155 shares of the network technology company’s stock valued at $409,000 after buying an additional 74 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at F5

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total transaction of $316,477.00. Following the completion of the sale, the chief executive officer now directly owns 121,122 shares in the company, valued at approximately $26,436,087.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.73, for a total value of $98,365.00. Following the transaction, the chief financial officer now owns 31,125 shares in the company, valued at $6,123,221.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total value of $316,477.00. Following the sale, the chief executive officer now directly owns 121,122 shares of the company’s stock, valued at $26,436,087.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,371 shares of company stock valued at $1,487,755 in the last 90 days. 0.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on FFIV. Evercore ISI boosted their price target on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 30th. StockNews.com downgraded shares of F5 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. Royal Bank of Canada raised their target price on shares of F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price target on F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group increased their price objective on F5 from $185.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, F5 has an average rating of “Hold” and a consensus price target of $204.56.

F5 Stock Performance

NASDAQ FFIV opened at $217.48 on Monday. The firm’s 50 day moving average price is $208.94 and its two-hundred day moving average price is $187.58. F5, Inc. has a twelve month low of $145.45 and a twelve month high of $224.47. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.61 and a beta of 1.06.

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

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.