Voya Investment Management LLC Acquires 176,260 Shares of F5, Inc. (NASDAQ:FFIV)

Voya Investment Management LLC grew its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 400.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 220,291 shares of the network technology company's stock after buying an additional 176,260 shares during the quarter. Voya Investment Management LLC owned 0.38% of F5 worth $55,397,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in F5 by 4.3% during the fourth quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock valued at $214,000 after purchasing an additional 35 shares in the last quarter. AMG National Trust Bank raised its holdings in shares of F5 by 0.5% during the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock valued at $1,987,000 after buying an additional 37 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in F5 by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock worth $404,000 after buying an additional 44 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after acquiring an additional 49 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of F5 by 5.3% during the fourth quarter. HighTower Advisors LLC now owns 966 shares of the network technology company's stock worth $243,000 after acquiring an additional 49 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FFIV. The Goldman Sachs Group upped their price objective on shares of F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $320.00 price objective on shares of F5 in a research note on Tuesday. Piper Sandler lifted their price objective on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a report on Tuesday. William Blair restated an "outperform" rating on shares of F5 in a report on Tuesday. Finally, Bank of America raised their price target on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $282.56.

F5 Trading Down 0.9 %

Shares of FFIV stock traded down $2.35 during trading hours on Tuesday, reaching $262.72. The company's stock had a trading volume of 1,279,811 shares, compared to its average volume of 583,407. The stock has a market capitalization of $15.15 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.85 and a beta of 1.14. The firm's fifty day simple moving average is $268.38 and its 200 day simple moving average is $261.30. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last released 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. 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 analysts' expectations of $719.91 million. During the same quarter in the previous year, the business posted $2.91 earnings per share. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Insider Activity at F5

In other F5 news, Director Marianne Budnik sold 728 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. This represents a 29.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Chad Michael Whalen sold 4,093 shares of the firm'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 value of $1,188,320.69. Following the completion of the transaction, the executive vice president now owns 27,264 shares of the company's stock, valued at approximately $7,915,557.12. The trade was a 13.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,232 shares of company stock worth $5,310,131 over the last 90 days. 0.52% of the stock is owned by company 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.