Fuller & Thaler Asset Management Inc. Increases Holdings in F5, Inc. (NASDAQ:FFIV)

Fuller & Thaler Asset Management Inc. increased its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 56.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,191 shares of the network technology company's stock after acquiring an additional 2,595 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in F5 were worth $1,808,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company's stock worth $90,090,000 after purchasing an additional 81,005 shares during the period. Allspring Global Investments Holdings LLC increased its stake in F5 by 457.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company's stock valued at $7,899,000 after purchasing an additional 25,748 shares in the last quarter. Boston Trust Walden Corp raised its holdings in F5 by 3.9% during the fourth quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company's stock worth $48,991,000 after buying an additional 7,341 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of F5 by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company's stock valued at $539,000 after buying an additional 571 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of F5 by 163.3% during the fourth quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company's stock valued at $20,121,000 after buying an additional 49,629 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Transactions at F5

In other news, CEO Francois Locoh-Donou sold 6,500 shares of F5 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 transaction, the chief executive officer now owns 151,247 shares in the company, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Chad Michael Whalen sold 4,093 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the completion of the sale, the executive vice president now directly owns 27,264 shares in the company, valued at approximately $7,915,557.12. This trade represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock worth $5,310,131 in the last quarter. Insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued a "sector perform" rating and issued a $290.00 price objective on shares of F5 in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Evercore ISI increased their price target on F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a research report on Friday, January 17th. Finally, William Blair reaffirmed an "outperform" rating on shares of F5 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, F5 currently has a consensus rating of "Hold" and a consensus target price of $282.56.

F5 Price Performance

Shares of F5 stock traded down $2.35 during trading hours on Tuesday, hitting $262.72. 1,279,811 shares of the company's stock traded hands, compared to its average volume of 585,209. The stock has a market capitalization of $15.15 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.85 and a beta of 1.14. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The company has a fifty day simple moving average of $268.38 and a 200-day simple moving average of $261.30.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.31. The company 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%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.91 earnings per share. On average, analysts forecast that F5, Inc. will post 11.2 EPS for the current fiscal year.

F5 Profile

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.