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

Bank of New York Mellon Corp lowered its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 approximately 0.81% of F5 worth $123,657,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of F5 by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock valued at $1,897,154,000 after purchasing an additional 64,261 shares during the period. Geode Capital Management LLC boosted its stake in shares of F5 by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock valued at $402,536,000 after purchasing an additional 30,367 shares during the period. First Trust Advisors LP boosted its stake in shares of F5 by 3.1% in the fourth 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 during the period. Northern Trust Corp boosted its stake in shares of F5 by 38.0% in the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock valued at $229,597,000 after purchasing an additional 251,534 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of F5 by 34,698.9% in the first quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock valued at $198,661,000 after purchasing an additional 743,945 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Stock Performance

Shares of F5 stock traded down $2.39 during trading hours on Thursday, reaching $299.89. The company's stock had a trading volume of 421,303 shares, compared to its average volume of 563,305. The company's 50 day simple moving average is $287.65 and its 200 day simple moving average is $277.54. F5, Inc. has a one year low of $170.21 and a one year high of $313.00. The stock has a market cap of $17.22 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted 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 company had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same period last year, the firm posted $2.91 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Elizabeth Buse sold 1,500 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total value of $440,295.00. Following the sale, the director owned 5,013 shares of the company's stock, valued at $1,471,465.89. This trade represents a 23.03% 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 Alan Higginson sold 1,272 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total transaction of $364,669.68. Following the completion of the sale, the director directly owned 9,919 shares in the company, valued at approximately $2,843,678.11. This trade represents a 11.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,519 shares of company stock worth $2,408,594. 0.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FFIV. William Blair restated an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $290.00 price objective on shares of F5 in a research note on Tuesday, April 29th. Piper Sandler increased 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, April 29th. Wolfe Research assumed coverage on shares of F5 in a research note on Monday. They set an "outperform" rating on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $282.56.

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.