AMG National Trust Bank Has $995,000 Position in F5, Inc. (NASDAQ:FFIV)

AMG National Trust Bank trimmed its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 52.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,737 shares of the network technology company's stock after selling 4,132 shares during the quarter. AMG National Trust Bank's holdings in F5 were worth $995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lipe & Dalton lifted its holdings in shares of F5 by 6.0% during the first quarter. Lipe & Dalton now owns 1,315 shares of the network technology company's stock valued at $350,000 after acquiring an additional 75 shares during the period. Forum Financial Management LP lifted its stake in F5 by 20.7% in the 1st quarter. Forum Financial Management LP now owns 1,461 shares of the network technology company's stock valued at $389,000 after acquiring an additional 251 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of F5 by 26.5% during the 1st quarter. Victory Capital Management Inc. now owns 199,246 shares of the network technology company's stock worth $53,053,000 after purchasing an additional 41,780 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of F5 by 30.8% during the 1st quarter. Larson Financial Group LLC now owns 497 shares of the network technology company's stock worth $132,000 after acquiring an additional 117 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in F5 by 15.5% in the 1st quarter. Wealthfront Advisers LLC now owns 2,067 shares of the network technology company's stock valued at $550,000 after buying an additional 278 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on FFIV shares. Royal Bank Of Canada reaffirmed 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 reaffirmed a "neutral" rating and set a $304.00 target price (up previously from $269.00) on shares of F5 in a research report on Monday, July 14th. Wall Street Zen lowered F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. William Blair restated an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. upped their price objective on F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, F5 presently has a consensus rating of "Hold" and an average target price of $291.44.

F5 Stock Up 0.7%

Shares of FFIV stock traded up $1.98 during mid-day trading on Thursday, hitting $302.60. 185,957 shares of the stock were exchanged, compared to its average volume of 538,656. The firm has a fifty day moving average of $291.57 and a 200 day moving average of $280.05. F5, Inc. has a 52-week low of $170.21 and a 52-week high of $313.00. The company has a market cap of $17.38 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 3.76 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.11 by $0.31. F5 had a net margin of 21.14% and a return on equity of 21.18%. The business had revenue of $590.16 million during the quarter, compared to the consensus estimate of $719.91 million. During the same quarter last year, the firm earned $2.91 EPS. The business's revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that F5, Inc. will post 11.2 EPS for the current year.

Insider Buying and Selling at F5

In other news, Director Elizabeth Buse sold 1,500 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total value of $440,295.00. Following the completion of the sale, the director owned 5,013 shares of the company's stock, valued at $1,471,465.89. This represents a 23.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael L. Dreyer sold 1,800 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the transaction, the director owned 4,376 shares in the company, valued at $1,251,360.96. This trade represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,519 shares of company stock valued at $2,408,594. Insiders own 0.52% of the company's stock.

F5 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.