Columbus Macro LLC Buys New Position in F5, Inc. (NASDAQ:FFIV)

Columbus Macro LLC purchased a new stake in F5, Inc. (NASDAQ:FFIVFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,097 shares of the network technology company’s stock, valued at approximately $208,000.

Other large investors have also bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of F5 during the 4th quarter worth $25,000. Pacific Capital Wealth Advisors Inc. bought a new position in F5 in the 4th quarter worth approximately $34,000. Washington Trust Advisors Inc. purchased a new position in shares of F5 in the fourth quarter valued at $36,000. Janiczek Wealth Management LLC grew its holdings in F5 by 56.4% during the 4th quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock valued at $46,000 after buying an additional 93 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new stake in F5 during the 4th quarter worth approximately $51,000. 90.66% of the stock is currently owned by institutional investors.

F5 Price Performance

FFIV traded up $0.86 on Tuesday, hitting $169.54. The company had a trading volume of 359,156 shares, compared to its average volume of 494,809. F5, Inc. has a 52-week low of $142.16 and a 52-week high of $199.49. The stock has a fifty day simple moving average of $171.59 and a 200-day simple moving average of $179.54. The firm has a market capitalization of $9.94 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.25 and a beta of 1.09.

F5 (NASDAQ:FFIVGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.03. The company had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $685.47 million. F5 had a return on equity of 21.41% and a net margin of 17.91%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 earnings per share. Equities research analysts expect that F5, Inc. will post 9.64 earnings per share for the current fiscal year.

Insider Activity at F5

In other news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $188.85, for a total value of $273,832.50. Following the sale, the chief executive officer now directly owns 121,801 shares of the company’s stock, valued at approximately $23,002,118.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $188.85, for a total value of $273,832.50. Following the completion of the transaction, the chief executive officer now owns 121,801 shares of the company’s stock, valued at approximately $23,002,118.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $170.00, for a total transaction of $85,000.00. Following the completion of the transaction, the chief financial officer now owns 31,608 shares in the company, valued at approximately $5,373,360. The disclosure for this sale can be found here. Insiders sold a total of 11,766 shares of company stock valued at $2,016,700 in the last three months. Company insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FFIV. Royal Bank of Canada decreased their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of F5 in a research note on Tuesday, April 30th. Piper Sandler restated a “neutral” rating and set a $167.00 price target (down from $187.00) on shares of F5 in a research report on Tuesday, April 30th. JPMorgan Chase & Co. boosted their price objective on F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Evercore ISI decreased their target price on shares of F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $185.10.

Read Our Latest Report on F5

F5 Profile

(Free Report)

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.

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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