F5, Inc. (NASDAQ:FFIV) Shares Acquired by Brandes Investment Partners LP

Brandes Investment Partners LP raised its stake in F5, Inc. (NASDAQ:FFIV) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,681 shares of the network technology company’s stock after purchasing an additional 1,627 shares during the period. Brandes Investment Partners LP’s holdings in F5 were worth $2,355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of F5 by 6,700.2% in the 2nd quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after purchasing an additional 835,912 shares during the last quarter. AQR Capital Management LLC lifted its stake in F5 by 48.9% in the second quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock valued at $111,932,000 after buying an additional 214,351 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of F5 by 10.5% in the second quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock valued at $294,392,000 after acquiring an additional 162,820 shares during the period. Hsbc Holdings PLC grew its position in shares of F5 by 49.8% during the second quarter. Hsbc Holdings PLC now owns 424,249 shares of the network technology company’s stock worth $73,046,000 after acquiring an additional 141,040 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of F5 by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,435,868 shares of the network technology company’s stock valued at $1,330,872,000 after acquiring an additional 131,341 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Activity

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total value of $249,327.50. Following the sale, the chief executive officer now directly owns 121,462 shares in the company, valued at approximately $20,885,390.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Scot Frazier Rogers sold 1,420 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was 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 of the company’s stock, valued at $3,610,262.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total value of $249,327.50. Following the sale, the chief executive officer now directly owns 121,462 shares in the company, valued at approximately $20,885,390.90. The disclosure for this sale can be found here. Insiders sold a total of 7,871 shares of company stock worth $1,508,705 over the last 90 days. 0.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FFIV. Evercore ISI increased their price target 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. Needham & Company LLC boosted 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. Piper Sandler increased their price objective on F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group lifted their target price on F5 from $185.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Finally, Barclays upped their price target on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $204.56.

F5 Trading Up 0.5 %

FFIV stock opened at $220.20 on Tuesday. The company’s 50-day moving average price is $199.74 and its 200 day moving average price is $184.62. F5, Inc. has a 52 week low of $145.45 and a 52 week high of $223.74. The company has a market cap of $12.91 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.77 and a beta of 1.06.

F5 (NASDAQ:FFIV) last announced its quarterly 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 business had revenue of $695.50 million for the quarter, compared to analyst estimates of $686.06 million. During the same quarter in the previous year, the company earned $2.46 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, equities research analysts expect that F5, Inc. will post 10.18 earnings per share for the current year.

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.