F5, Inc. (NASDAQ:FFIV) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. trimmed its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,128 shares of the network technology company's stock after selling 964 shares during the quarter. Shell Asset Management Co.'s holdings in F5 were worth $4,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in F5 by 457.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company's stock valued at $7,899,000 after purchasing an additional 25,748 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in F5 by 3.9% during 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 acquiring an additional 7,341 shares during the period. Fisher Asset Management LLC boosted its holdings in F5 by 163.3% during the 4th quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company's stock valued at $20,121,000 after acquiring an additional 49,629 shares during the period. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in F5 in the fourth quarter worth $5,856,000. Finally, Synergy Asset Management LLC lifted its position in shares of F5 by 100.0% during the fourth quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company's stock worth $525,000 after purchasing an additional 1,112 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Insider Transactions at F5

In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the sale, the executive vice president now owns 20,075 shares of the company's stock, valued at approximately $5,885,588.50. This trade represents a 14.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marianne Budnik sold 1,872 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the transaction, the director now directly owns 1,207 shares of the company's stock, valued at $314,689.04. The trade was a 60.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,305 shares of company stock valued at $2,561,360 in the last quarter. 0.52% of the stock is currently owned by corporate insiders.

F5 Stock Performance

FFIV stock traded down $0.66 during trading on Wednesday, reaching $286.24. 172,041 shares of the company traded hands, compared to its average volume of 571,644. The business has a 50 day simple moving average of $265.82 and a 200 day simple moving average of $266.83. F5, Inc. has a 12 month low of $164.45 and a 12 month high of $313.00. The company has a market capitalization of $16.44 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $719.91 million. During the same quarter in the prior year, the company posted $2.91 earnings per share. F5's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that F5, Inc. will post 11.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FFIV. Barclays cut their price target on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Bank of America lifted their price target on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Friday, January 31st. William Blair reissued an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. JPMorgan Chase & Co. reduced their price objective on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Piper Sandler lifted their target price on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $282.56.

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.