F5, Inc. (NASDAQ:FFIV) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its position in shares of F5, Inc. (NASDAQ:FFIV) by 28.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,270 shares of the network technology company’s stock after selling 5,228 shares during the quarter. IFM Investors Pty Ltd’s holdings in F5 were worth $2,516,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Commerce Bank grew its holdings in F5 by 3.1% in the fourth quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock valued at $342,000 after purchasing an additional 57 shares during the last quarter. Optimum Investment Advisors increased its holdings in F5 by 5.5% during the 4th quarter. Optimum Investment Advisors now owns 1,150 shares of the network technology company’s stock valued at $206,000 after acquiring an additional 60 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in F5 by 15.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 518 shares of the network technology company’s stock worth $83,000 after acquiring an additional 71 shares during the last quarter. Addison Advisors LLC lifted its holdings in shares of F5 by 36.1% in the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock valued at $45,000 after purchasing an additional 74 shares in the last quarter. Finally, Czech National Bank grew its position in shares of F5 by 0.8% in the fourth quarter. Czech National Bank now owns 10,457 shares of the network technology company’s stock valued at $1,872,000 after purchasing an additional 84 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Francois Locoh-Donou sold 6,400 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $188.02, for a total value of $1,203,328.00. Following the completion of the sale, the chief executive officer now directly owns 123,251 shares in the company, valued at approximately $23,173,653.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06. Following the transaction, the executive vice president now directly owns 15,008 shares of the company’s stock, valued at $2,747,364.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 6,400 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $188.02, for a total transaction of $1,203,328.00. Following the completion of the transaction, the chief executive officer now owns 123,251 shares of the company’s stock, valued at $23,173,653.02. The disclosure for this sale can be found here. Insiders sold a total of 10,201 shares of company stock worth $1,908,065 over the last ninety days. 0.58% of the stock is owned by company insiders.

F5 Stock Up 0.0 %

Shares of NASDAQ FFIV traded up $0.09 during trading on Friday, hitting $181.94. 391,847 shares of the company traded hands, compared to its average volume of 371,714. The firm has a market capitalization of $10.70 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.67 and a beta of 1.11. The company has a 50-day moving average price of $187.66 and a 200-day moving average price of $176.26. F5, Inc. has a 1 year low of $129.93 and a 1 year high of $199.49.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, topping the consensus estimate of $3.04 by $0.39. F5 had a return on equity of 20.81% and a net margin of 16.43%. The company had revenue of $693.00 million during the quarter, compared to analyst estimates of $684.77 million. During the same period in the prior year, the firm posted $1.65 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. Research analysts predict that F5, Inc. will post 9.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FFIV. Piper Sandler lifted their price objective on F5 from $170.00 to $187.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Barclays increased their price objective on F5 from $163.00 to $206.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. KeyCorp boosted their target price on shares of F5 from $186.00 to $204.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price target on shares of F5 in a report on Tuesday, February 13th. Finally, The Goldman Sachs Group upped their price objective on shares of F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, F5 has an average rating of “Hold” and a consensus price target of $192.22.

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.