Nordea Investment Management AB Holds $59.95 Million Stake in F5, Inc. (NASDAQ:FFIV)

Financial Advisors


Nordea Investment Management AB reduced its stake in F5, Inc. (NASDAQ:FFIV – Get Rating) by 2.7% in the fourth quarter, according to its latest SEC filing. The company owned 423,618 shares in the network technology company after selling 11,548 of his shares during the quarter. Nordea Investment Management AB owned 0.70% of his F5 worth $59,946,000 as of the latest filing with the SEC.

Other institutional investors and hedge funds have also recently changed positions in the company. Assetmark Inc. bought new shares of his F5 in the third quarter for about $30,000. Ronald Blue Trust Inc. acquired a new stake in his F5 worth approximately $36,000 in the fourth quarter. Wipfli Financial Advisors LLC acquired a new stake in his F5 worth approximately $43,000 in the third quarter. Alaska Permanent Fund Corp increased his F5 holdings by 434.8% in the third quarter. Alaska Permanent Fund Corp now owns 353 shares worth $51,000 in network technology companies after purchasing an additional 287 shares during this period. Finally, Edmond DE Rothschild Holding SA won a new position worth around $55,000 in his F5 in Q3. An institutional investor owns his 93.34% of the company’s shares.

F5 price performance

FFIV opened Friday at $133.22. The company has a market capitalization of $8.06 billion, a PE ratio of 24.67, a price/earnings ratio of 1.90, and a beta of 1.09. His 50-day moving average for this business is $140.48 and his 200-day moving average is $144.28. F5, Inc. has a one-year low of $127.05 and a one-year high of $174.38.

F5 (NASDAQ:FFIV – Get Rating) announced its final results on Wednesday, April 19th. The network technology company reported EPS of $2.53 for the quarter, beating analysts’ consensus forecast of $2.42 by $0.11. F5’s return on equity was 16.56% and net profit margin was 11.74%. The company’s revenue for the quarter was $703 million, compared to consensus expectations of $699.18 million. His earnings per share for the company in the same period last year were $1.30. The company’s revenue increased by 10.9% compared to the same quarter last year. As a group, sell-side analysts expect F5, Inc. to post 7.8 EPS this year.

Insider activity at F5

In related news, EVP Chad Michael Whalen sold 259 shares of the company’s stock in a transaction that took place on Wednesday, March 1st. The shares sold for an average of $142.12, and the total transaction value he had was $36,809.08. Following the closing of the sale, the Executive Vice President now directly owns 13,683 shares in the company, valued at $1,944,627.96. The sale is disclosed in documents filed with the Securities and Exchange Commission, which can be accessed on his website at the SEC. In another piece of news, his EVP, Chad Michael Whalen, sold 259 shares of the company’s stock in a deal on Wednesday, March 1. The shares sold at an average price of $142.12, giving him a total of $36,809.08. After the transaction, the Executive Vice President now owns 13,683 shares in the company, valued at approximately $1,944,627.96. The sale was disclosed in filings with the SEC that can be accessed through the SEC’s website. Also, CEO Francois Locoh-Donou sold 2,201 shares in the company on Monday, April 3rd. The shares were sold at an average price of $144.90, giving him a total of $318,924.90. Following the closing of the transaction, the CEO now directly owns 108,622 shares of the company’s stock valued at approximately $15,739,327.80. Please see here for the disclosure of this sale. In the past 90 days, the insider has sold 9,941 shares of his company stock worth $1,381,622. His 0.60% of the shares are owned by corporate insiders.

Analyst upgrades and downgrades

Several equity research analysts have their eyes on FFIV shares. KeyCorp lowered its price target on F5 stock from $182.00 to $179.00 and gave the stock an “overweight” rating in its Thursday, April 20 report. Piper Sandler lowered his price target on F5 stock from his $156.00 to his $143.00 and set the company’s rating to “neutral” in a research note on Thursday, April 20. Guggenheim began coverage of his F5 stock in a research note on Monday, Jan. 23. They gave the company a “neutral” rating. TD Cowen lowered its price target for F5 stock to $170.00 from $177.00, setting the company’s “Outperform” rating in its research notes on Thursday, April 20. Finally, Royal Bank of Canada lowered its target price on F5 shares from $155.00 to $146.00 and set a ‘sector perform’ rating in its report on Thursday, April 20th. Ten investment analysts have placed a Hold rating on the stock, six issued a Buy rating, and one issued a Strong Buy rating. Based on MarketBeat data, the company’s current consensus rating is Hold, with an average target price of $166.13.

F5 Company Profile

(get rating)

F5, Inc is engaged in the development and delivery of software-defined application services. We develop, market and sell application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems. The company was founded on his February 26, 1996 and is headquartered in Seattle, Washington.

References

Want to see other hedge funds holding FFIV? Visit HoldingsChannel.com to get the latest F5, Inc. (NASDAQ:FFIV – Get Rating) 13F filings and insider trading.

Quarterly institutional ownership of F5 (NASDAQ:FFIV)

This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.

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