F5, Inc. (NASDAQ:FFIV) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 15.3% in the 1st quarter, according to its most recent filing with the SEC. 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FFIV. GAMMA Investing LLC boosted its position in shares of F5 by 34,698.9% during the 1st quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock worth $198,661,000 after acquiring an additional 743,945 shares in the last quarter. Norges Bank acquired a new position in F5 during the fourth quarter worth approximately $171,127,000. Arrowstreet Capital Limited Partnership raised its position in F5 by 598.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock valued at $106,944,000 after purchasing an additional 364,372 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in F5 by 110.4% during the 1st 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. Finally, Northern Trust Corp increased its holdings in shares of F5 by 38.0% in the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock valued at $229,597,000 after purchasing an additional 251,534 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at F5

In related news, Director Michael L. Dreyer sold 1,800 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the sale, the director owned 4,376 shares in the company, valued at approximately $1,251,360.96. This trade represents a 29.15% 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 this hyperlink. Also, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $269.03, for a total transaction of $362,383.41. Following the completion of the sale, the executive vice president directly owned 20,660 shares of the company's stock, valued at $5,558,159.80. The trade was a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,519 shares of company stock worth $2,408,594 in the last ninety days. Company insiders own 0.52% of the company's stock.

F5 Stock Performance

NASDAQ:FFIV traded down $8.00 during mid-day trading on Friday, hitting $291.89. 451,303 shares of the company's stock traded hands, compared to its average volume of 564,519. The company has a market cap of $16.76 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00. The firm's 50 day simple moving average is $288.11 and its 200 day simple moving average is $277.94. F5, Inc. has a 1 year low of $170.21 and a 1 year high of $313.00.

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 net margin of 21.14% and a return on equity of 21.18%. The business had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. During the same period last year, the company posted $2.91 EPS. The company's revenue was up 7.3% on a year-over-year basis. On average, research analysts expect that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FFIV has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price target on F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Piper Sandler raised their target price on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Wolfe Research initiated coverage on shares of F5 in a research report on Monday, July 7th. They set an "outperform" rating on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $290.00 price target on shares of F5 in a report on Tuesday, April 29th. Finally, Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $282.56.

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.