Assenagon Asset Management S.A. Sells 123,791 Shares of F5, Inc. (NASDAQ:FFIV)

Assenagon Asset Management S.A. reduced its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 72.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,114 shares of the network technology company's stock after selling 123,791 shares during the period. Assenagon Asset Management S.A. owned approximately 0.08% of F5 worth $12,545,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FFIV. Park Square Financial Group LLC purchased a new stake in shares of F5 during the 4th quarter worth about $31,000. Crowley Wealth Management Inc. acquired a new stake in shares of F5 in the fourth quarter valued at $35,000. Hurley Capital LLC bought a new position in F5 in the fourth quarter valued at about $43,000. EverSource Wealth Advisors LLC boosted its holdings in F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after acquiring an additional 49 shares during the last quarter. Finally, Smithfield Trust Co bought a new position in F5 during the fourth quarter worth about $57,000. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Price Performance

FFIV stock traded down $5.05 during mid-day trading on Friday, hitting $286.61. 253,468 shares of the stock were exchanged, compared to its average volume of 564,349. The business has a fifty day moving average price of $274.73 and a 200 day moving average price of $272.54. F5, Inc. has a 12 month low of $165.68 and a 12 month high of $313.00. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (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 firm had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. During the same quarter in the previous year, the company posted $2.91 earnings per share. The company's revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that F5, Inc. will post 11.2 EPS for the current fiscal year.

Insider Activity

In other F5 news, Director Michael L. Dreyer sold 1,800 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total transaction of $514,728.00. Following the transaction, the director now owns 4,376 shares in the company, valued at approximately $1,251,360.96. This represents a 29.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth Buse sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total value of $440,295.00. Following the completion of the sale, the director now directly owns 5,013 shares in the company, valued at approximately $1,471,465.89. This represents a 23.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,519 shares of company stock valued at $2,370,959. Insiders own 0.52% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FFIV shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $290.00 price objective on shares of F5 in a report on Tuesday, April 29th. Morgan Stanley boosted their target price on F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 29th. Needham & Company LLC reissued a "buy" rating and set a $320.00 target price on shares of F5 in a report on Tuesday, April 29th. Barclays cut their target price on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. dropped their price objective on F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $282.56.

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.