Cresset Asset Management LLC Decreases Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Cresset Asset Management LLC lessened its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 83.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,551 shares of the network technology company's stock after selling 7,832 shares during the period. Cresset Asset Management LLC's holdings in F5 were worth $390,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Crowley Wealth Management Inc. bought a new stake in F5 in the fourth quarter worth $35,000. Hurley Capital LLC bought a new position in F5 in the 4th quarter worth about $43,000. EverSource Wealth Advisors LLC boosted its stake in F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after purchasing an additional 49 shares in the last quarter. Smithfield Trust Co purchased a new stake in F5 during the 4th quarter valued at about $57,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in F5 during the 4th quarter valued at about $60,000. Institutional investors own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

FFIV has been the topic of a number of recent research reports. Morgan Stanley increased their target price on F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Barclays lowered their target price on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Piper Sandler increased their price target on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. lowered their price objective on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $290.00 target price on shares of F5 in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $282.56.

Insider Activity at F5

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the sale, the chief executive officer now directly owns 148,647 shares of the company's stock, valued at approximately $39,446,454.39. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 1,347 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $269.03, for a total transaction of $362,383.41. Following the completion of the transaction, the executive vice president now directly owns 20,660 shares in the company, valued at $5,558,159.80. This represents a 6.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,305 shares of company stock worth $2,561,360. Company insiders own 0.52% of the company's stock.

F5 Stock Performance

FFIV stock traded up $0.78 during trading on Monday, hitting $285.70. 284,419 shares of the company's stock traded hands, compared to its average volume of 573,079. F5, Inc. has a 52 week low of $164.45 and a 52 week high of $313.00. The stock has a market capitalization of $16.41 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 3.85 and a beta of 1.00. The business has a fifty day simple moving average of $264.83 and a 200 day simple moving average of $266.32.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, topping the consensus estimate of $3.11 by $0.31. F5 had a return on equity of 20.98% and a net margin of 20.58%. The company had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. During the same quarter last year, the business posted $2.91 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. Research analysts forecast that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

About F5

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.