F5, Inc. (NASDAQ:FFIV) Shares Sold by Natixis

Natixis decreased its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 98.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,297 shares of the network technology company's stock after selling 63,385 shares during the quarter. Natixis' holdings in F5 were worth $326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norinchukin Bank The raised its position in F5 by 8.8% during the 4th quarter. Norinchukin Bank The now owns 2,627 shares of the network technology company's stock valued at $661,000 after purchasing an additional 213 shares in the last quarter. Ossiam raised its position in F5 by 65.0% during the 4th quarter. Ossiam now owns 1,939 shares of the network technology company's stock valued at $488,000 after purchasing an additional 764 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in F5 by 103.7% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,427 shares of the network technology company's stock valued at $1,365,000 after purchasing an additional 2,763 shares in the last quarter. Dimensional Fund Advisors LP raised its position in F5 by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 650,547 shares of the network technology company's stock valued at $163,599,000 after purchasing an additional 39,067 shares in the last quarter. Finally, First Trust Advisors LP raised its position in F5 by 3.1% during the 4th quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company's stock valued at $316,814,000 after purchasing an additional 37,354 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

F5 Trading Down 0.3 %

NASDAQ:FFIV traded down $0.89 during midday trading on Wednesday, hitting $261.84. 120,412 shares of the company were exchanged, compared to its average volume of 604,865. The company has a fifty day simple moving average of $267.55 and a 200 day simple moving average of $261.31. F5, Inc. has a fifty-two week low of $163.12 and a fifty-two week high of $313.00. The company has a market capitalization of $15.10 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14.

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, topping the consensus estimate of $3.11 by $0.31. The firm had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. F5's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $2.91 EPS. As a group, equities research analysts expect that F5, Inc. will post 11.2 EPS for the current year.

Insider Activity

In other news, insider Lyra Amber Schramm sold 253 shares of F5 stock in a transaction on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the sale, the insider now owns 200 shares of the company's stock, valued at $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marianne Budnik sold 728 shares of F5 stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the transaction, the director now owns 1,770 shares in the company, valued at $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,232 shares of company stock valued at $5,310,131 over the last quarter. Corporate insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $290.00 price target on shares of F5 in a research report on Tuesday. Evercore ISI upped their price objective on shares of F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a report on Friday, January 17th. Barclays lowered their target price on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research note on Tuesday. Piper Sandler lifted their price objective on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, William Blair restated an "outperform" rating on shares of F5 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus 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.