F5, Inc. (NASDAQ:FFIV) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 464,405 shares of the network technology company's stock after selling 24,506 shares during the period. Bank of New York Mellon Corp owned 0.81% of F5 worth $123,657,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its holdings in F5 by 4.3% during the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock worth $214,000 after acquiring an additional 35 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in F5 by 144.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 766 shares of the network technology company's stock worth $193,000 after acquiring an additional 453 shares in the last quarter. Assetmark Inc. grew its holdings in F5 by 9,740.0% during the 4th quarter. Assetmark Inc. now owns 984 shares of the network technology company's stock worth $247,000 after acquiring an additional 974 shares in the last quarter. M&T Bank Corp grew its holdings in F5 by 5.9% during the 4th quarter. M&T Bank Corp now owns 3,408 shares of the network technology company's stock worth $857,000 after acquiring an additional 190 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in F5 during the 4th quarter worth about $18,845,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FFIV. JPMorgan Chase & Co. cut their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Barclays decreased their price objective 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, April 29th. Royal Bank Of Canada restated a "sector perform" rating and set a $290.00 price objective on shares of F5 in a research note on Tuesday, April 29th. Wall Street Zen lowered shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, William Blair reissued an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. One equities 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $282.56.

Insider Activity

In other F5 news, EVP Thomas Dean Fountain sold 1,347 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $269.03, for a total value of $362,383.41. Following the transaction, the executive vice president owned 20,660 shares of the company's stock, valued at $5,558,159.80. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Elizabeth Buse sold 1,500 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total transaction of $440,295.00. Following the completion of the transaction, the director directly owned 5,013 shares in the company, valued at $1,471,465.89. The trade was a 23.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,519 shares of company stock worth $2,408,594. Insiders own 0.52% of the company's stock.

F5 Stock Performance

Shares of FFIV stock traded down $0.13 on Wednesday, hitting $302.28. 430,045 shares of the stock traded hands, compared to its average volume of 561,688. The firm's 50-day moving average price is $286.22 and its two-hundred day moving average price is $277.06. The stock has a market capitalization of $17.36 billion, a PE ratio of 28.68, a PEG ratio of 3.81 and a beta of 1.00. F5, Inc. has a twelve month low of $170.21 and a twelve month high of $313.00.

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 for the quarter, beating the consensus estimate of $3.11 by $0.31. The firm had revenue of $590.16 million for the quarter, compared to analysts' expectations of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. The company's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.91 EPS. On average, equities research analysts anticipate that F5, Inc. will post 11.2 EPS for the current fiscal year.

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.