D.A. Davidson & CO. Trims Stock Holdings in F5, Inc. (NASDAQ:FFIV)

D.A. Davidson & CO. lowered its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 15.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,164 shares of the network technology company's stock after selling 936 shares during the quarter. D.A. Davidson & CO.'s holdings in F5 were worth $1,375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FFIV. DAVENPORT & Co LLC increased its stake in F5 by 1.8% in the 1st quarter. DAVENPORT & Co LLC now owns 12,319 shares of the network technology company's stock worth $3,280,000 after buying an additional 218 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in F5 by 2.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,774 shares of the network technology company's stock worth $2,070,000 after buying an additional 197 shares during the period. Mather Group LLC. increased its stake in F5 by 20.0% in the 1st quarter. Mather Group LLC. now owns 1,327 shares of the network technology company's stock worth $353,000 after buying an additional 221 shares during the period. New York State Teachers Retirement System increased its stake in F5 by 1.5% in the 1st quarter. New York State Teachers Retirement System now owns 54,865 shares of the network technology company's stock worth $14,609,000 after buying an additional 825 shares during the period. Finally, Achmea Investment Management B.V. increased its stake in F5 by 6.6% in the 1st quarter. Achmea Investment Management B.V. now owns 81,022 shares of the network technology company's stock worth $21,574,000 after buying an additional 4,986 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

F5 Price Performance

FFIV traded down $0.13 during trading on Wednesday, reaching $302.28. 430,045 shares of the company's stock were exchanged, compared to its average volume of 561,688. F5, Inc. has a 1 year low of $170.21 and a 1 year high of $313.00. The stock has a market capitalization of $17.36 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 3.81 and a beta of 1.00. The company's fifty day simple moving average is $286.22 and its 200-day simple moving average is $277.06.

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. The company had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. F5's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $2.91 EPS. Equities analysts forecast that F5, Inc. will post 11.2 EPS for the current year.

Wall Street Analysts Forecast Growth

FFIV has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price target 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. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Needham & Company LLC restated a "buy" rating and issued a $320.00 price target on shares of F5 in a report on Tuesday, April 29th. Piper Sandler raised their price target on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Finally, Barclays lowered their price target on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $282.56.

Insider Activity

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $294.32, for a total transaction of $382,616.00. Following the transaction, the chief executive officer owned 107,100 shares of the company's stock, valued at approximately $31,521,672. The trade was a 1.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Elizabeth Buse sold 1,500 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total transaction of $440,295.00. Following the transaction, the director directly owned 5,013 shares in the company, valued at approximately $1,471,465.89. The trade was a 23.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,519 shares of company stock worth $2,408,594. 0.52% of the stock is currently owned by corporate insiders.

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.