MGO One Seven LLC Purchases Shares of 4,818 F5, Inc. (NASDAQ:FFIV)

MGO One Seven LLC purchased a new position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,818 shares of the network technology company's stock, valued at approximately $1,212,000.

A number of other institutional investors also recently modified their holdings of FFIV. Norges Bank acquired a new stake in F5 during the fourth quarter worth about $171,127,000. Arrowstreet Capital Limited Partnership grew its stake in shares of F5 by 598.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock worth $106,944,000 after purchasing an additional 364,372 shares during the last quarter. Edge Capital Group LLC acquired a new stake in shares of F5 in the fourth quarter valued at about $59,623,000. Cookson Peirce & Co. Inc. bought a new position in F5 during the 4th quarter worth approximately $53,212,000. Finally, Jupiter Asset Management Ltd. raised its stake in F5 by 83.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company's stock worth $74,562,000 after buying an additional 134,537 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

F5 Stock Down 0.9 %

NASDAQ:FFIV traded down $2.35 during mid-day trading on Tuesday, hitting $262.72. 1,279,811 shares of the stock traded hands, compared to its average volume of 585,209. The company has a market cap of $15.15 billion, a PE ratio of 26.12, a price-to-earnings-growth 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 business's 50-day moving average price is $268.38 and its 200 day moving average price is $261.30.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating analysts' consensus estimates of $3.11 by $0.31. F5 had a net margin of 20.58% and a return on equity of 20.98%. The business had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same period last year, the firm posted $2.91 earnings per share. F5's quarterly revenue was up 7.3% on a year-over-year basis. Analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FFIV. William Blair reissued an "outperform" rating on shares of F5 in a research note on Tuesday. Bank of America lifted their target price on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada reiterated a "sector perform" rating and set a $290.00 target price on shares of F5 in a research note on Tuesday. Finally, Morgan Stanley upped their price objective on F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, F5 currently has an average rating of "Hold" and an average price target of $282.56.

Insider Activity

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction 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 $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Marianne Budnik sold 728 shares of F5 stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares in the company, valued at $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,232 shares of company stock worth $5,310,131. 0.52% of the stock is currently owned by insiders.

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.