APG Asset Management N.V. Purchases 12,600 Shares of F5, Inc. (NASDAQ:FFIV)

APG Asset Management N.V. lifted its position in shares of F5, Inc. (NASDAQ:FFIV) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,293 shares of the network technology company’s stock after purchasing an additional 12,600 shares during the period. APG Asset Management N.V. owned 0.36% of F5 worth $33,633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FFIV. Commerce Bank lifted its holdings in shares of F5 by 3.1% during the fourth quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock worth $342,000 after buying an additional 57 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in F5 by 3.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 18,964 shares of the network technology company’s stock worth $3,394,000 after acquiring an additional 594 shares during the period. TD Asset Management Inc raised its stake in F5 by 7.4% in the 4th quarter. TD Asset Management Inc now owns 15,863 shares of the network technology company’s stock worth $2,839,000 after purchasing an additional 1,095 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in F5 by 74.3% in the 4th quarter. Allianz Asset Management GmbH now owns 73,141 shares of the network technology company’s stock valued at $13,091,000 after purchasing an additional 31,181 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of F5 by 2.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 27,827 shares of the network technology company’s stock worth $4,980,000 after purchasing an additional 601 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $176.20, for a total transaction of $88,100.00. Following the sale, the chief financial officer now directly owns 31,108 shares of the company’s stock, valued at $5,481,229.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $176.20, for a total value of $88,100.00. Following the completion of the transaction, the chief financial officer now directly owns 31,108 shares in the company, valued at approximately $5,481,229.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Scot Frazier Rogers sold 1,420 shares of F5 stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $199.76, for a total transaction of $283,659.20. Following the transaction, the executive vice president now owns 18,073 shares in the company, valued at approximately $3,610,262.48. The disclosure for this sale can be found here. Insiders have sold 7,871 shares of company stock worth $1,508,705 in the last 90 days. Insiders own 0.58% of the company’s stock.

F5 Trading Down 1.1 %

FFIV stock opened at $219.00 on Friday. The stock has a market capitalization of $12.84 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The firm has a 50-day moving average price of $198.84 and a 200-day moving average price of $184.54. F5, Inc. has a 12 month low of $145.45 and a 12 month high of $223.74.

F5 (NASDAQ:FFIV) last issued its 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 firm had revenue of $695.50 million for the quarter, compared to analyst estimates of $686.06 million. F5 had a net margin of 19.94% and a return on equity of 21.03%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.46 earnings per share. As a group, equities analysts predict that F5, Inc. will post 10.18 EPS for the current fiscal year.

Analyst Ratings Changes

FFIV has been the subject of a number of analyst reports. Piper Sandler lifted their price target 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. StockNews.com downgraded F5 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. Royal Bank of Canada raised their price target on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Needham & Company LLC upped their price objective on shares of F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Evercore ISI increased their price objective on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $204.56.

F5 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.