F5, Inc. (NASDAQ:FFIV) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC decreased its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,100 shares of the network technology company's stock after selling 875 shares during the quarter. Catalyst Capital Advisors LLC's holdings in F5 were worth $3,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FFIV. Jones Financial Companies Lllp increased its stake in shares of F5 by 4.3% in the fourth 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 during the period. Steward Partners Investment Advisory LLC increased its stake in shares of F5 by 144.7% in the fourth 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 during the period. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of F5 in the fourth quarter worth $263,000. Victory Capital Management Inc. increased its stake in shares of F5 by 10.8% in the fourth quarter. Victory Capital Management Inc. now owns 157,466 shares of the network technology company's stock worth $39,598,000 after acquiring an additional 15,400 shares during the period. Finally, Smithfield Trust Co acquired a new stake in shares of F5 in the fourth quarter worth $57,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FFIV shares. William Blair restated an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Morgan Stanley lifted their price objective on shares of F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $290.00 price objective on shares of F5 in a report on Tuesday, April 29th. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, F5 presently has an average rating of "Hold" and a consensus target price of $282.56.

Insider Activity

In related news, Director Michael L. Dreyer sold 1,800 shares of the business's stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alan Higginson sold 1,272 shares of the business's 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 transaction, the director owned 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 a total of 8,519 shares of company stock valued at $2,408,594 in the last ninety days. 0.52% of the stock is currently owned by corporate insiders.

F5 Stock Down 0.3%

Shares of NASDAQ FFIV traded down $0.87 during trading on Monday, hitting $299.26. The company had a trading volume of 469,459 shares, compared to its average volume of 561,509. The stock has a fifty day simple moving average of $285.43 and a two-hundred day simple moving average of $276.88. F5, Inc. has a fifty-two week low of $170.21 and a fifty-two week high of $313.00. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 3.82 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.31. F5 had a net margin of 21.14% and a return on equity of 21.18%. The business had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. During the same quarter last year, the business earned $2.91 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current 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.