Crossmark Global Holdings Inc. Grows Stock Position in F5, Inc. (NASDAQ:FFIV)

Crossmark Global Holdings Inc. lifted its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 1,398.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,943 shares of the network technology company's stock after purchasing an additional 21,412 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in F5 were worth $6,109,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its stake 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 worth $28,000 after buying an additional 77 shares in the last quarter. Park Square Financial Group LLC purchased a new position in shares of F5 during the 4th quarter worth approximately $31,000. Crowley Wealth Management Inc. purchased a new position in shares of F5 during the 4th quarter worth approximately $35,000. Hurley Capital LLC purchased a new position in shares of F5 during the 4th quarter worth approximately $43,000. Finally, EverSource Wealth Advisors LLC raised its stake 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. 90.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FFIV shares. Royal Bank Of Canada reissued a "sector perform" rating and set a $290.00 target price on shares of F5 in a research note on Tuesday, April 29th. Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Barclays dropped their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Needham & Company LLC reaffirmed a "buy" rating and issued a $320.00 price objective on shares of F5 in a research note on Tuesday, April 29th. Finally, Piper Sandler raised their price objective on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, F5 has a consensus rating of "Hold" and a consensus price target of $282.56.

Insider Buying and Selling at F5

In related news, Director Alan Higginson sold 1,272 shares of F5 stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total value of $364,669.68. Following the transaction, the director owned 9,919 shares in the company, valued at approximately $2,843,678.11. This trade represents a 11.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $294.32, for a total value of $382,616.00. Following the completion of the transaction, the chief executive officer owned 107,100 shares in the company, valued at $31,521,672. The trade was a 1.20% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,519 shares of company stock valued at $2,408,594. 0.52% of the stock is currently owned by insiders.

F5 Price Performance

F5 stock traded up $3.15 during mid-day trading on Tuesday, hitting $302.41. 544,647 shares of the company were exchanged, compared to its average volume of 561,443. The business's 50 day simple moving average is $285.43 and its two-hundred day simple moving average is $276.88. The company has a market capitalization of $17.37 billion, a P/E ratio of 28.69, a PEG ratio of 3.82 and a beta of 1.00. F5, Inc. has a 12-month low of $170.21 and a 12-month high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.31. F5 had a return on equity of 21.18% and a net margin of 21.14%. The business had revenue of $590.16 million for the quarter, compared to analysts' expectations of $719.91 million. During the same quarter last year, the firm earned $2.91 earnings per share. The business's revenue was up 7.3% on a year-over-year basis. 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.