Alyeska Investment Group L.P. Cuts Stock Position in F5, Inc. (NASDAQ:FFIV)

Alyeska Investment Group L.P. cut its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 86.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,930 shares of the network technology company's stock after selling 326,841 shares during the quarter. Alyeska Investment Group L.P. owned about 0.09% of F5 worth $13,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FFIV. Allspring Global Investments Holdings LLC increased its position in shares of F5 by 457.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company's stock valued at $7,899,000 after acquiring an additional 25,748 shares during the last quarter. Boston Trust Walden Corp increased its holdings in F5 by 3.9% in the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company's stock valued at $48,991,000 after purchasing an additional 7,341 shares during the last quarter. GAMMA Investing LLC increased its holdings in F5 by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company's stock valued at $539,000 after purchasing an additional 571 shares during the last quarter. Fisher Asset Management LLC raised its position in F5 by 163.3% in the fourth quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company's stock valued at $20,121,000 after purchasing an additional 49,629 shares during the period. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in F5 during the fourth quarter worth $5,856,000. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Stock Performance

Shares of NASDAQ:FFIV traded down $3.63 on Friday, hitting $269.51. 379,595 shares of the company's stock were exchanged, compared to its average volume of 576,359. F5, Inc. has a 1-year low of $164.45 and a 1-year high of $313.00. The company has a market capitalization of $15.48 billion, a PE ratio of 26.79, a P/E/G ratio of 3.85 and a beta of 1.00. The firm's 50-day moving average is $263.90 and its 200 day moving average is $264.12.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 EPS 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 company had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. During the same period in the prior year, the firm posted $2.91 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. On average, analysts anticipate that F5, Inc. will post 11.2 EPS for the current fiscal year.

Analysts Set New Price Targets

FFIV has been the topic of several research reports. Bank of America increased their target price on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Friday, January 31st. Needham & Company LLC reissued a "buy" rating and set a $320.00 price target on shares of F5 in a research report on Tuesday, April 29th. Barclays dropped their price objective on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Royal Bank of Canada reiterated a "sector perform" rating and set a $290.00 target price on shares of F5 in a report on Tuesday, April 29th. Finally, The Goldman Sachs Group boosted their price target on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, F5 presently has a consensus rating of "Hold" and a consensus target price of $282.56.

Insiders Place Their Bets

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of F5 stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the transaction, the chief executive officer now owns 151,247 shares of the company's stock, valued at $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Marianne Budnik sold 1,872 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the sale, the director now owns 1,207 shares of the company's stock, valued at approximately $314,689.04. This represents a 60.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,805 shares of company stock valued at $4,531,250. 0.52% of the stock is currently owned by 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.