Alaska Permanent Fund Corp Makes New Investment in F5, Inc. (NASDAQ:FFIV)

Alaska Permanent Fund Corp acquired a new stake in shares of F5, Inc. (NASDAQ:FFIV) during the fourth quarter, Holdings Channel reports. The firm acquired 353 shares of the network technology company’s stock, valued at approximately $63,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. bought a new stake in shares of F5 during the 4th quarter worth $36,000. Janiczek Wealth Management LLC lifted its stake in F5 by 56.4% during the fourth 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. Addison Advisors LLC lifted its stake in F5 by 36.1% during the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock valued at $45,000 after buying an additional 74 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of F5 in the fourth quarter worth about $51,000. Finally, Lindbrook Capital LLC increased its position in shares of F5 by 68.0% in the fourth quarter. Lindbrook Capital LLC now owns 294 shares of the network technology company’s stock worth $53,000 after acquiring an additional 119 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Piper Sandler boosted their target price on shares of F5 from $170.00 to $187.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. KeyCorp raised their target price on F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Barclays upped their price target on F5 from $163.00 to $206.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. increased their price objective on F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $192.22.

Insider Buying and Selling

In other F5 news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $178.81, for a total transaction of $89,405.00. Following the transaction, the chief financial officer now owns 31,290 shares in the company, valued at $5,594,964.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $178.81, for a total value of $89,405.00. Following the transaction, the chief financial officer now directly owns 31,290 shares in the company, valued at $5,594,964.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 6,400 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $188.02, for a total value of $1,203,328.00. Following the transaction, the chief executive officer now directly owns 123,251 shares of the company’s stock, valued at approximately $23,173,653.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,201 shares of company stock worth $1,908,065. 0.58% of the stock is currently owned by insiders.

F5 Stock Up 0.0 %

Shares of FFIV opened at $181.94 on Friday. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.67 and a beta of 1.11. The company’s fifty day moving average is $187.66 and its 200-day moving average is $176.26. F5, Inc. has a 12 month low of $129.93 and a 12 month high of $199.49.

F5 (NASDAQ:FFIV) last posted its earnings results on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, topping the consensus estimate of $3.04 by $0.39. F5 had a net margin of 16.43% and a return on equity of 20.81%. The firm had revenue of $693.00 million for the quarter, compared to the consensus estimate of $684.77 million. During the same period in the prior year, the business posted $1.65 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, research analysts predict that F5, Inc. will post 9.59 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.