Ensign Peak Advisors Inc Has $11.48 Million Stock Position in F5, Inc. (NASDAQ:FFIV)

Ensign Peak Advisors Inc boosted its stake in shares of F5, Inc. (NASDAQ:FFIV) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,663 shares of the network technology company’s stock after buying an additional 4,671 shares during the period. Ensign Peak Advisors Inc owned about 0.08% of F5 worth $11,483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FFIV. Coldstream Capital Management Inc. increased its position in shares of F5 by 3.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company’s stock worth $240,000 after acquiring an additional 34 shares in the last quarter. Colonial Trust Co SC boosted its stake in F5 by 5.2% in the 4th quarter. Colonial Trust Co SC now owns 685 shares of the network technology company’s stock worth $172,000 after purchasing an additional 34 shares during the period. Jones Financial Companies Lllp grew its position in F5 by 4.3% during the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock worth $214,000 after purchasing an additional 35 shares in the last quarter. AMG National Trust Bank grew its position in F5 by 0.5% during the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock worth $1,987,000 after purchasing an additional 37 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in F5 by 2.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock valued at $404,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insiders Place Their Bets

In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the sale, the executive vice president now directly owns 20,075 shares in the company, valued at $5,885,588.50. This represents a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the sale, the chief executive officer now directly owns 151,247 shares in the company, valued at approximately $45,836,915.82. This represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,805 shares of company stock valued at $4,531,250 over the last quarter. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on FFIV shares. Evercore ISI raised their target price on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. William Blair reissued an “outperform” rating on shares of F5 in a research note on Tuesday, April 29th. StockNews.com cut F5 from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 30th. Barclays reduced their price target on shares of F5 from $296.00 to $274.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $290.00 price objective on shares of F5 in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, F5 currently has a consensus rating of “Hold” and a consensus price target of $282.56.

F5 Stock Performance

Shares of FFIV opened at $280.35 on Tuesday. The firm has a market cap of $16.10 billion, a PE ratio of 27.87, a PEG ratio of 3.85 and a beta of 1.00. The firm’s 50 day moving average price is $263.85 and its 200 day moving average price is $264.92. F5, Inc. has a twelve month low of $164.45 and a twelve month high of $313.00.

F5 (NASDAQ:FFIV) last released its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.31. The business had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. F5’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.91 EPS. On average, sell-side analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

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.