V Square Quantitative Management LLC Reduces Position in F5, Inc. (NASDAQ:FFIV)

V Square Quantitative Management LLC lowered its holdings in F5, Inc. (NASDAQ:FFIV) by 13.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,113 shares of the network technology company’s stock after selling 169 shares during the period. V Square Quantitative Management LLC’s holdings in F5 were worth $245,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of F5 by 6,700.2% during the 2nd quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after buying an additional 835,912 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in F5 during the 3rd quarter valued at $61,386,000. AQR Capital Management LLC grew its holdings in F5 by 48.9% during the 2nd quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock worth $111,932,000 after acquiring an additional 214,351 shares in the last quarter. American Century Companies Inc. increased its position in shares of F5 by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock worth $294,392,000 after purchasing an additional 162,820 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of F5 by 49.8% in the 2nd quarter. Hsbc Holdings PLC now owns 424,249 shares of the network technology company’s stock valued at $73,046,000 after purchasing an additional 141,040 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Scot Frazier Rogers sold 1,420 shares of F5 stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $199.76, for a total transaction of $283,659.20. Following the sale, the executive vice president now directly owns 18,073 shares in the company, valued at $3,610,262.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Scot Frazier Rogers sold 1,420 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $199.76, for a total value of $283,659.20. Following the completion of the transaction, the executive vice president now directly owns 18,073 shares in the company, valued at $3,610,262.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 in the company, valued at approximately $26,436,087.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,371 shares of company stock worth $1,487,755. 0.58% of the stock is owned by company insiders.

Analyst Ratings Changes

FFIV has been the subject of several research analyst reports. Barclays boosted their price objective on F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Needham & Company LLC upped their price target on F5 from $220.00 to $235.00 and gave the company a “buy” 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. JPMorgan Chase & Co. increased their target price on shares of F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada boosted their price objective on shares of F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $204.56.

F5 Stock Up 0.2 %

Shares of NASDAQ:FFIV opened at $217.48 on Monday. F5, Inc. has a fifty-two week low of $145.45 and a fifty-two week high of $224.47. The company has a market cap of $12.75 billion, a PE ratio of 26.05, a P/E/G ratio of 2.61 and a beta of 1.06. The company’s 50-day moving average price is $208.94 and its 200 day moving average price is $187.58.

F5 (NASDAQ:FFIV) last released 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. F5 had a return on equity of 21.03% and a net margin of 19.94%. The company had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $686.06 million. During the same quarter in the previous year, the company posted $2.46 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that F5, Inc. will post 10.18 EPS for the current year.

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.