Bank of New York Mellon Corp Trims Stock Position in F5, Inc. (NASDAQ:FFIV)

Bank of New York Mellon Corp trimmed its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 5.0% during the 1st quarter, according to its most recent 13F 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC raised its position in shares of F5 by 275.0% during the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock valued at $28,000 after purchasing an additional 77 shares during the period. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of F5 during the fourth quarter valued at about $5,856,000. Exchange Traded Concepts LLC grew its position in shares of F5 by 72.6% during the first quarter. Exchange Traded Concepts LLC now owns 1,698 shares of the network technology company's stock valued at $452,000 after purchasing an additional 714 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of F5 by 10.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 15,157 shares of the network technology company's stock valued at $3,811,000 after purchasing an additional 1,419 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in shares of F5 by 83.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company's stock valued at $74,562,000 after purchasing an additional 134,537 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at F5

In other F5 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 transaction of $440,295.00. Following the transaction, the director directly owned 5,013 shares of the company's stock, valued at $1,471,465.89. This trade represents a 23.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 directly owned 4,376 shares in the company, valued at approximately $1,251,360.96. The trade was 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.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FFIV shares. Barclays cut their price objective 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. Needham & Company LLC reissued a "buy" rating and issued a $320.00 price objective on shares of F5 in a research report on Tuesday, April 29th. William Blair reissued an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, Piper Sandler boosted their price objective on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $282.56.

F5 Price Performance

F5 stock traded down $8.00 during mid-day trading on Friday, reaching $291.89. 451,290 shares of the company traded hands, compared to its average volume of 562,858. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00. F5, Inc. has a fifty-two week low of $170.21 and a fifty-two week high of $313.00. The firm's fifty day moving average is $287.65 and its two-hundred day moving average is $277.54.

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

F5 Company 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.