Fernwood Investment Management LLC Makes New Investment in F5, Inc. (NASDAQ:FFIV)

Fernwood Investment Management LLC acquired a new position in F5, Inc. (NASDAQ:FFIVGet Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 850 shares of the network technology company’s stock, valued at approximately $208,000.

A number of other hedge funds have also bought and sold shares of FFIV. Mutual of America Capital Management LLC raised its position in shares of F5 by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 7,964 shares of the network technology company’s stock valued at $1,949,000 after purchasing an additional 49 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of F5 by 0.4% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,871 shares of the network technology company’s stock worth $2,559,000 after acquiring an additional 57 shares during the period. Zeke Capital Advisors LLC grew its position in shares of F5 by 0.7% in the third quarter. Zeke Capital Advisors LLC now owns 8,996 shares of the network technology company’s stock valued at $1,788,000 after purchasing an additional 65 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of F5 by 1.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,334 shares of the network technology company’s stock valued at $862,000 after purchasing an additional 72 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of F5 by 1.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,558 shares of the network technology company’s stock valued at $1,502,000 after buying an additional 89 shares during the period. 91.13% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Francois Locoh-Donou sold 1,042 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $210.30, for a total value of $219,132.60. Following the completion of the transaction, the chief executive officer now directly owns 93,435 shares in the company, valued at approximately $19,649,380.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ana Maria White sold 169 shares of the business’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $198.95, for a total transaction of $33,622.55. The disclosure for this sale can be found here. Insiders have sold 10,004 shares of company stock valued at $1,992,785 over the last quarter. Company insiders own 0.46% of the company’s stock.

A number of brokerages recently issued reports on FFIV. Loop Capital lowered their price objective on F5 from $273.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. StockNews.com raised F5 from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 28th. Royal Bank of Canada cut their target price on F5 from $210.00 to $200.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 27th. KeyCorp assumed coverage on F5 in a research note on Tuesday, January 18th. They issued an “overweight” rating and a $307.00 target price on the stock. Finally, Piper Sandler cut their target price on F5 from $227.00 to $197.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $228.15.

Shares of FFIV stock traded down $6.52 during trading hours on Thursday, hitting $171.40. 12,065 shares of the company’s stock traded hands, compared to its average volume of 650,688. The stock’s fifty day simple moving average is $199.95 and its two-hundred day simple moving average is $214.28. F5, Inc. has a 12-month low of $166.02 and a 12-month high of $249.00. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 5.00 and a beta of 1.18. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.14.

F5 (NASDAQ:FFIVGet Rating) last released its earnings results on Tuesday, April 26th. The network technology company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.12. F5 had a net margin of 13.19% and a return on equity of 19.98%. The firm had revenue of $634.22 million during the quarter, compared to analyst estimates of $634.20 million. During the same period last year, the business earned $1.70 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. On average, equities analysts forecast that F5, Inc. will post 6.22 earnings per share for the current fiscal year.

F5 Company Profile (Get Rating)

F5, Inc provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern 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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