D.A. Davidson & CO. Sells 936 Shares of F5, Inc. (NASDAQ:FFIV)

D.A. Davidson & CO. cut its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 15.3% during the first 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 period. D.A. Davidson & CO.'s holdings in F5 were worth $1,375,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FFIV. Golden State Wealth Management LLC grew its position in F5 by 275.0% in the first 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 period. Park Square Financial Group LLC acquired a new position in shares of F5 during the fourth quarter valued at $31,000. Crowley Wealth Management Inc. acquired a new position in F5 in the fourth quarter valued at about $35,000. Hurley Capital LLC acquired a new position in F5 in the fourth quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC lifted its stake in F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after buying an additional 49 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Insider Transactions at F5

In other F5 news, Director Michael L. Dreyer sold 1,800 shares of F5 stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total value of $514,728.00. Following the transaction, the director owned 4,376 shares in the company, valued at $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 is available at this link. 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 value of $364,669.68. Following the sale, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,519 shares of company stock valued at $2,408,594. Company insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FFIV. JPMorgan Chase & Co. lowered 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. Wolfe Research began coverage on F5 in a research note on Monday. They issued an "outperform" rating for the company. Barclays cut their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Piper Sandler raised their price objective on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $320.00 price objective on shares of F5 in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, F5 has an average rating of "Hold" and an average price target of $282.56.

F5 Stock Performance

NASDAQ:FFIV traded down $2.39 during mid-day trading on Thursday, hitting $299.89. 421,303 shares of the stock were exchanged, compared to its average volume of 563,305. The stock has a market capitalization of $17.22 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00. The firm's 50-day simple moving average is $287.65 and its 200 day simple moving average is $277.54. F5, Inc. has a fifty-two week low of $170.21 and a fifty-two week high of $313.00.

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