DekaBank Deutsche Girozentrale Has $14.94 Million Stake in F5, Inc. (NASDAQ:FFIV)

DekaBank Deutsche Girozentrale lessened its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 12.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,361 shares of the network technology company's stock after selling 8,465 shares during the period. DekaBank Deutsche Girozentrale owned about 0.10% of F5 worth $14,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 last quarter. Park Square Financial Group LLC bought a new position in F5 in the fourth quarter valued at about $31,000. Crowley Wealth Management Inc. bought a new position in F5 in the fourth quarter valued at about $35,000. Hurley Capital LLC bought a new position in F5 in the fourth quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC grew its position 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 acquiring an additional 49 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Insider Transactions at F5

In other F5 news, Director Alan Higginson sold 1,272 shares of the business's stock in a transaction that occurred 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 directly owned 9,919 shares of the company's stock, valued at approximately $2,843,678.11. The trade was a 11.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael L. Dreyer sold 1,800 shares of the business'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 value of $514,728.00. Following the completion of the transaction, the director directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 8,519 shares of company stock valued at $2,408,594. 0.52% of the stock is owned by insiders.

F5 Trading Down 2.7%

FFIV stock traded down $8.00 during trading on Friday, hitting $291.89. The company had a trading volume of 451,303 shares, compared to its average volume of 563,603. The business has a 50-day moving average of $288.11 and a 200-day moving average of $277.79. F5, Inc. has a one year low of $170.21 and a one year high of $313.00. The stock has a market cap of $16.76 billion, a PE ratio of 27.69, a PEG 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 EPS for the quarter, beating 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 period in the prior year, the business posted $2.91 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. Research analysts forecast that F5, Inc. will post 11.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FFIV. Barclays decreased their target price on F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Wolfe Research began coverage on F5 in a report on Monday. They set an "outperform" rating on the stock. JPMorgan Chase & Co. reduced their price target on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Wall Street Zen cut F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Needham & Company LLC restated a "buy" rating and set a $320.00 price target on shares of F5 in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $282.56.

F5 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.