Custom Index Systems LLC Acquires 1,057 Shares of F5, Inc. (NASDAQ:FFIV)

Custom Index Systems LLC boosted its holdings in F5, Inc. (NASDAQ:FFIV) by 59.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,835 shares of the network technology company’s stock after buying an additional 1,057 shares during the period. Custom Index Systems LLC’s holdings in F5 were worth $624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FFIV. Simon Quick Advisors LLC grew its holdings in shares of F5 by 4.9% during the second quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company’s stock worth $233,000 after buying an additional 63 shares in the last quarter. Tocqueville Asset Management L.P. boosted its position in shares of F5 by 0.6% in the first quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock valued at $2,186,000 after acquiring an additional 64 shares during the period. Profund Advisors LLC increased its stake in F5 by 6.3% during the 2nd quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company’s stock worth $204,000 after acquiring an additional 70 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of F5 by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock worth $4,862,000 after acquiring an additional 73 shares in the last quarter. Finally, Empirical Finance LLC raised its stake in F5 by 3.6% during the first quarter. Empirical Finance LLC now owns 2,155 shares of the network technology company’s stock worth $409,000 after acquiring an additional 74 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

F5 Trading Up 1.5 %

Shares of NASDAQ FFIV traded up $3.30 during trading hours on Friday, hitting $216.87. 726,336 shares of the company traded hands, compared to its average volume of 494,310. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.54 and a beta of 1.06. F5, Inc. has a 12 month low of $146.02 and a 12 month high of $224.47. The company’s 50 day moving average price is $211.29 and its 200 day moving average price is $188.43.

F5 (NASDAQ:FFIV) last announced its quarterly earnings data on Monday, July 29th. The network technology company reported $3.36 earnings per share (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 company had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $686.06 million. During the same quarter in the prior year, the firm earned $2.46 earnings per share. F5’s revenue was down 1.0% compared to the same quarter last year. Equities analysts anticipate that F5, Inc. will post 10.17 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Piper Sandler lifted their target price on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. StockNews.com downgraded F5 from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. raised their target price on F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Needham & Company LLC raised their target price on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, Barclays increased their target price on shares of F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, F5 presently has a consensus rating of “Hold” and an average price target of $210.13.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $188.35, for a total transaction of $273,107.50. Following the completion of the sale, the chief executive officer now owns 124,022 shares of the company’s stock, valued at approximately $23,359,543.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $188.35, for a total value of $273,107.50. Following the completion of the transaction, the chief executive officer now directly owns 124,022 shares of the company’s stock, valued at approximately $23,359,543.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $196.73, for a total transaction of $98,365.00. Following the transaction, the chief financial officer now directly owns 31,125 shares of the company’s stock, valued at approximately $6,123,221.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,971 shares of company stock worth $1,618,357 in the last ninety days. 0.58% of the stock is owned by insiders.

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.