Shell Asset Management Co. Sells 964 Shares of F5, Inc. (NASDAQ:FFIV)

Shell Asset Management Co. cut its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,128 shares of the network technology company's stock after selling 964 shares during the period. Shell Asset Management Co.'s holdings in F5 were worth $4,307,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Coldstream Capital Management Inc. lifted its holdings in shares of F5 by 3.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock valued at $240,000 after buying an additional 34 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of F5 by 5.2% during the 4th quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock valued at $172,000 after buying an additional 34 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of F5 by 4.3% during the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock valued at $214,000 after buying an additional 35 shares during the last quarter. AMG National Trust Bank lifted its holdings in shares of F5 by 0.5% during the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock valued at $1,987,000 after buying an additional 37 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of F5 by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock valued at $404,000 after acquiring an additional 44 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the sale, the chief executive officer now directly owns 148,647 shares in the company, valued at $39,446,454.39. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scot Frazier Rogers sold 3,486 shares of the 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 $5,885,588.50. This trade represents a 14.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,305 shares of company stock valued at $2,561,360. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FFIV has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $290.00 price objective on shares of F5 in a research note on Tuesday, April 29th. Piper Sandler upped their price target on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. William Blair restated an "outperform" rating on shares of F5 in a research report 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, Bank of America boosted their price objective on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $282.56.

F5 Stock Up 0.3%

NASDAQ:FFIV traded up $0.78 during trading hours on Monday, reaching $285.70. The company had a trading volume of 284,419 shares, compared to its average volume of 573,079. The firm has a market capitalization of $16.41 billion, a PE ratio of 28.40, a PEG ratio of 3.85 and a beta of 1.00. The stock has a 50-day moving average of $265.23 and a two-hundred day moving average of $266.69. F5, Inc. has a one year low of $164.45 and a one year high of $313.00.

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