Board of the Pension Protection Fund Has $479,000 Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Board of the Pension Protection Fund trimmed its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 58.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,800 shares of the network technology company's stock after selling 2,500 shares during the quarter. Board of the Pension Protection Fund's holdings in F5 were worth $479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its stake in shares of F5 by 5.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,016 shares of the network technology company's stock valued at $4,265,000 after purchasing an additional 859 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in F5 by 110.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company's stock valued at $149,242,000 after acquiring an additional 294,050 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in F5 by 275.0% during the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock worth $28,000 after acquiring an additional 77 shares during the period. Spire Wealth Management grew its holdings in F5 by 11.9% during the 1st quarter. Spire Wealth Management now owns 451 shares of the network technology company's stock worth $120,000 after acquiring an additional 48 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in shares of F5 by 3.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 34,177 shares of the network technology company's stock valued at $9,100,000 after acquiring an additional 1,114 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at F5

In related news, EVP Thomas Dean Fountain sold 1,347 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $269.03, for a total transaction of $362,383.41. Following the completion of the transaction, the executive vice president now owns 20,660 shares in the company, valued at approximately $5,558,159.80. This represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan Higginson sold 1,272 shares of F5 stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $286.69, for a total transaction of $364,669.68. Following the completion of the sale, the director now owns 9,919 shares in the company, valued at $2,843,678.11. The trade was a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,519 shares of company stock valued at $2,370,959 over the last three months. Company insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Needham & Company LLC restated a "buy" rating and issued a $320.00 price target on shares of F5 in a research report on Tuesday, April 29th. JPMorgan Chase & Co. decreased their target price on F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $290.00 price target on shares of F5 in a research note on Tuesday, April 29th. Morgan Stanley lifted their price objective on shares of F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. Finally, Barclays lowered their target price 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $282.56.

F5 Stock Performance

Shares of FFIV opened at $289.09 on Friday. The firm has a market cap of $16.60 billion, a P/E ratio of 27.43, a PEG ratio of 3.75 and a beta of 1.00. F5, Inc. has a twelve month low of $169.42 and a twelve month high of $313.00. The firm's 50 day moving average price is $280.39 and its two-hundred day moving average price is $274.68.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, beating the consensus estimate of $3.11 by $0.31. The business 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 firm's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.91 EPS. On average, sell-side analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

About F5

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.

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