Brown Advisory Inc. Sells 881 Shares of F5, Inc. (NASDAQ:FFIV)

Brown Advisory Inc. lessened its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 5.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,168 shares of the network technology company's stock after selling 881 shares during the quarter. Brown Advisory Inc.'s holdings in F5 were worth $4,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FFIV. Golden State Wealth Management LLC grew its position in F5 by 275.0% in the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock valued at $28,000 after acquiring an additional 77 shares during the last quarter. Park Square Financial Group LLC bought a new position in F5 in the 4th quarter valued at $31,000. Crowley Wealth Management Inc. bought a new position in F5 in the 4th quarter valued at $35,000. Hurley Capital LLC bought a new position in shares of F5 during the 4th quarter worth $43,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after buying an additional 49 shares in the last quarter. Institutional investors own 90.66% of the company's stock.

Insider Buying and Selling

In other F5 news, Director Elizabeth Buse sold 1,500 shares of the stock in a transaction dated 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 directly owned 5,013 shares in the company, valued at approximately $1,471,465.89. This trade represents a 23.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael L. Dreyer sold 1,800 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total value of $514,728.00. Following the completion of the sale, the director owned 4,376 shares of the company's stock, valued at approximately $1,251,360.96. This trade represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,519 shares of company stock valued at $2,408,594 in the last 90 days. 0.52% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FFIV shares. Morgan Stanley increased their price target on F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. Wolfe Research started coverage on F5 in a research report on Monday. They set an "outperform" rating on the stock. Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Needham & Company LLC reissued a "buy" rating and set a $320.00 price target on shares of F5 in a research report on Tuesday, April 29th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $290.00 price target on shares of F5 in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $282.56.

F5 Price Performance

Shares of NASDAQ FFIV opened at $291.89 on Friday. The stock has a market capitalization of $16.76 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 3.82 and a beta of 1.00. F5, Inc. has a 1-year low of $170.21 and a 1-year high of $313.00. The business has a fifty day moving average price of $288.11 and a 200 day moving average price of $277.79.

F5 (NASDAQ:FFIV - Get Free Report) last issued 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 return on equity of 21.18% and a net margin of 21.14%. The firm had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. During the same period in the prior year, the business posted $2.91 EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current fiscal 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.

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