F5, Inc. (NASDAQ:FFIV) is Touchstone Capital Inc.’s 3rd Largest Position

Touchstone Capital Inc. lessened its stake in shares of F5, Inc. (NASDAQ:FFIV) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,626 shares of the network technology company’s stock after selling 1,024 shares during the quarter. F5 makes up approximately 9.5% of Touchstone Capital Inc.’s portfolio, making the stock its 3rd biggest position. Touchstone Capital Inc. owned 0.09% of F5 worth $9,956,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of F5 by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,830,286 shares of the network technology company’s stock valued at $1,427,188,000 after purchasing an additional 96,873 shares during the period. BlackRock Inc. lifted its stake in F5 by 2.9% in the first quarter. BlackRock Inc. now owns 5,846,893 shares of the network technology company’s stock worth $851,834,000 after acquiring an additional 163,465 shares during the period. State Street Corp lifted its stake in F5 by 4.7% in the second quarter. State Street Corp now owns 3,015,128 shares of the network technology company’s stock worth $440,993,000 after acquiring an additional 134,644 shares during the period. Ameriprise Financial Inc. lifted its stake in F5 by 13.3% in the third quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock worth $292,001,000 after acquiring an additional 212,784 shares during the period. Finally, Geode Capital Management LLC lifted its stake in F5 by 2.8% in the second quarter. Geode Capital Management LLC now owns 1,350,083 shares of the network technology company’s stock worth $196,972,000 after acquiring an additional 36,809 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FFIV shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $204.00 price target on shares of F5 in a research note on Friday, February 9th. The Goldman Sachs Group raised their price objective on F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. KeyCorp raised their price objective on F5 from $186.00 to $204.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Piper Sandler raised their price target on F5 from $170.00 to $187.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of F5 in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $185.00.

Insiders Place Their Bets

In related news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $180.09, for a total transaction of $90,045.00. Following the transaction, the chief financial officer now directly owns 31,508 shares of the company’s stock, valued at approximately $5,674,275.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $180.09, for a total transaction of $90,045.00. Following the transaction, the chief financial officer now owns 31,508 shares of the company’s stock, valued at $5,674,275.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $183.06, for a total value of $155,784.06. Following the completion of the sale, the executive vice president now owns 15,008 shares in the company, valued at approximately $2,747,364.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,751 shares of company stock worth $1,634,872. 0.58% of the stock is currently owned by company insiders.

F5 Stock Up 0.4 %

FFIV stock opened at $189.59 on Friday. The business’s 50-day moving average price is $186.65 and its 200-day moving average price is $172.29. F5, Inc. has a twelve month low of $127.05 and a twelve month high of $199.49. The stock has a market cap of $11.15 billion, a P/E ratio of 24.65, a PEG ratio of 2.78 and a beta of 1.10.

F5 (NASDAQ:FFIV) last released its quarterly earnings data on Monday, January 29th. The network technology company reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.39. F5 had a return on equity of 20.81% and a net margin of 16.43%. The business had revenue of $693.00 million for the quarter, compared to the consensus estimate of $684.77 million. During the same quarter in the previous year, the company posted $1.65 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts expect that F5, Inc. will post 9.58 earnings per share for the current fiscal year.

F5 Company 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.