Greenleaf Trust Makes New $227,000 Investment in F5, Inc. (NASDAQ:FFIV)

Greenleaf Trust purchased a new stake in shares of F5, Inc. (NASDAQ:FFIV) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,032 shares of the network technology company’s stock, valued at approximately $227,000.

Other hedge funds have also recently made changes to their positions in the company. Simon Quick Advisors LLC raised its position in F5 by 4.9% in the 2nd 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 during the period. Tocqueville Asset Management L.P. increased its holdings in shares of F5 by 0.6% in the first 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 during the period. Profund Advisors LLC lifted 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 valued at $204,000 after acquiring an additional 70 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in F5 by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock valued at $4,862,000 after acquiring an additional 73 shares during the period. Finally, Empirical Finance LLC grew its position in F5 by 3.6% during the 1st quarter. Empirical Finance LLC now owns 2,155 shares of the network technology company’s stock worth $409,000 after acquiring an additional 74 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other F5 news, Director Alan Higginson sold 1,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $201.65, for a total transaction of $201,650.00. Following the completion of the transaction, the director now owns 10,707 shares of the company’s stock, valued at approximately $2,159,066.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $188.35, for a total value of $273,107.50. Following the sale, the chief executive officer now owns 124,022 shares in the company, valued at $23,359,543.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alan Higginson sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $201.65, for a total value of $201,650.00. Following the transaction, the director now directly owns 10,707 shares of the company’s stock, valued at approximately $2,159,066.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,971 shares of company stock valued at $1,618,357 over the last ninety days. Company insiders own 0.58% of the company’s stock.

F5 Price Performance

Shares of NASDAQ FFIV opened at $216.87 on Friday. F5, Inc. has a 1 year low of $146.02 and a 1 year high of $224.47. The stock has a market capitalization of $12.64 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.54 and a beta of 1.06. The company’s 50-day moving average is $211.29 and its 200 day moving average is $188.43.

F5 (NASDAQ:FFIV) last posted 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. F5 had a return on equity of 21.03% and a net margin of 19.94%. The firm had revenue of $695.50 million for the quarter, compared to the consensus estimate of $686.06 million. During the same quarter in the prior year, the business earned $2.46 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts anticipate that F5, Inc. will post 10.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FFIV. Barclays increased their price objective on F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Needham & Company LLC boosted their price objective on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group increased their target price on shares of F5 from $185.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Finally, StockNews.com downgraded F5 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $210.13.

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.