Bayesian Capital Management LP Makes New $2.13 Million Investment in F5, Inc. (NASDAQ:FFIV)

Bayesian Capital Management LP bought a new stake in F5, Inc. (NASDAQ:FFIV) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,252 shares of the network technology company’s stock, valued at approximately $2,133,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in F5 by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,465,022 shares of the network technology company’s stock valued at $1,415,294,000 after purchasing an additional 29,154 shares during the period. Lyrical Asset Management LP lifted its position in F5 by 38.3% in the 4th quarter. Lyrical Asset Management LP now owns 1,145,302 shares of the network technology company’s stock valued at $204,986,000 after acquiring an additional 317,263 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of F5 by 0.5% during the 4th quarter. First Trust Advisors LP now owns 1,122,995 shares of the network technology company’s stock valued at $200,994,000 after buying an additional 6,010 shares during the period. Acadian Asset Management LLC raised its holdings in F5 by 14.2% in the 1st quarter. Acadian Asset Management LLC now owns 625,734 shares of the network technology company’s stock worth $118,607,000 after purchasing an additional 77,611 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in F5 by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 517,948 shares of the network technology company’s stock worth $92,704,000 after buying an additional 49,562 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI raised their price objective on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday. Needham & Company LLC increased their price target on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday. Barclays increased their price target on shares of F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Piper Sandler increased their price target on shares of F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $200.89.

F5 Stock Performance

NASDAQ FFIV traded up $24.00 during trading on Tuesday, hitting $201.59. The stock had a trading volume of 2,177,054 shares, compared to its average volume of 495,254. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 2.36 and a beta of 1.08. F5, Inc. has a one year low of $145.45 and a one year high of $202.40. The stock has a 50 day simple moving average of $171.26 and a 200 day simple moving average of $179.09.

F5 (NASDAQ:FFIV) last posted its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.39. F5 had a net margin of 17.91% and a return on equity of 21.41%. The firm had revenue of $695.50 million during the quarter, compared to the consensus estimate of $686.06 million. During the same quarter in the previous year, the firm posted $2.46 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts predict that F5, Inc. will post 9.64 EPS for the current year.

Insider Activity at F5

In other news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $168.11, for a total transaction of $243,759.50. Following the sale, the chief executive officer now directly owns 124,362 shares of the company’s stock, valued at $20,906,495.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $168.11, for a total value of $243,759.50. Following the transaction, the chief executive officer now directly owns 124,362 shares of the company’s stock, valued at approximately $20,906,495.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas Dean Fountain sold 851 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total transaction of $142,568.03. Following the completion of the sale, the executive vice president now owns 15,504 shares of the company’s stock, valued at approximately $2,597,385.12. The disclosure for this sale can be found here. Insiders have sold a total of 11,766 shares of company stock valued at $1,990,890 over the last ninety days. 0.58% of the stock is owned by company insiders.

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.