Quest Partners LLC Has $32,000 Holdings in F5, Inc. (NASDAQ:FFIV)

Quest Partners LLC raised its position in F5, Inc. (NASDAQ:FFIV) by 9,100.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 184 shares of the network technology company’s stock after acquiring an additional 182 shares during the period. Quest Partners LLC’s holdings in F5 were worth $32,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in FFIV. Vanguard Group Inc. lifted its holdings in shares of F5 by 0.4% in the first quarter. Vanguard Group Inc. now owns 7,465,022 shares of the network technology company’s stock valued at $1,415,294,000 after purchasing an additional 29,154 shares in the last quarter. Lyrical Asset Management LP lifted its holdings in shares of F5 by 38.3% in the fourth quarter. Lyrical Asset Management LP now owns 1,145,302 shares of the network technology company’s stock valued at $204,986,000 after purchasing an additional 317,263 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of F5 by 0.5% in the fourth quarter. First Trust Advisors LP now owns 1,122,995 shares of the network technology company’s stock valued at $200,994,000 after purchasing an additional 6,010 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of F5 by 14.2% in the first quarter. Acadian Asset Management LLC now owns 625,734 shares of the network technology company’s stock valued at $118,607,000 after purchasing an additional 77,611 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of F5 by 9.6% in the second quarter. Bank of New York Mellon Corp now owns 523,982 shares of the network technology company’s stock valued at $90,245,000 after purchasing an additional 45,843 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Activity

In other news, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total value of $249,327.50. Following the completion of the transaction, the chief executive officer now directly owns 121,462 shares in the company, valued at $20,885,390.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total transaction of $249,327.50. Following the completion of the transaction, the chief executive officer now directly owns 121,462 shares in the company, valued at $20,885,390.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $176.20, for a total value of $88,100.00. Following the transaction, the chief financial officer now owns 31,108 shares of the company’s stock, valued at $5,481,229.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,271 shares of company stock worth $1,378,205. 0.58% of the stock is owned by corporate insiders.

F5 Price Performance

NASDAQ:FFIV opened at $217.47 on Friday. The company has a market capitalization of $12.75 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.55 and a beta of 1.06. F5, Inc. has a 1 year low of $145.45 and a 1 year high of $218.54. The business has a fifty day simple moving average of $192.91 and a two-hundred day simple moving average of $183.11.

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

Analysts Set New Price Targets

FFIV has been the topic of a number of recent research reports. Piper Sandler raised their target price on F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Needham & Company LLC lifted their price target on F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Evercore ISI lifted their price target on F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price target on F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Finally, StockNews.com lowered F5 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. One research 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 data from MarketBeat.com, F5 presently has an average rating of “Hold” and an average price target of $200.89.

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.