F5, Inc. (NASDAQ:FFIV) Shares Acquired by TD Asset Management Inc

TD Asset Management Inc increased its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,579 shares of the network technology company’s stock after acquiring an additional 823 shares during the quarter. TD Asset Management Inc’s holdings in F5 were worth $2,855,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of F5 during the 4th quarter worth approximately $25,000. Family Firm Inc. purchased a new position in F5 during the second quarter worth approximately $25,000. New Covenant Trust Company N.A. acquired a new position in F5 during the first quarter worth $27,000. Register Financial Advisors LLC purchased a new stake in F5 in the 1st quarter valued at $38,000. Finally, Blue Trust Inc. increased its stake in shares of F5 by 49.7% in the 2nd quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock worth $46,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alan Higginson sold 1,000 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 10,707 shares in the company, valued at approximately $2,159,066.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $170.00, for a total transaction of $85,000.00. Following the completion of the sale, the chief financial officer now owns 31,608 shares in the company, valued at approximately $5,373,360. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan Higginson sold 1,000 shares of the company’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 sale, the director now directly owns 10,707 shares of the company’s stock, valued at $2,159,066.55. The disclosure for this sale can be found here. Insiders sold 7,771 shares of company stock worth $1,463,205 in the last 90 days. Corporate insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

FFIV has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. Needham & Company LLC raised their price target on shares of F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Piper Sandler upped their price objective on F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. StockNews.com lowered F5 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Barclays lifted their target price on F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $200.89.

F5 Trading Up 1.5 %

FFIV opened at $205.95 on Friday. The stock’s 50-day moving average price is $189.66 and its 200 day moving average price is $182.42. F5, Inc. has a 12-month low of $145.45 and a 12-month high of $206.09. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.50 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 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $686.06 million. During the same period in the previous year, the firm posted $2.46 EPS. F5’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, research analysts forecast that F5, Inc. will post 10.18 earnings per share for the current 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.