Formidable Asset Management LLC Trims Holdings in F5, Inc. (NASDAQ:FFIV)

Formidable Asset Management LLC cut its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 51.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,173 shares of the network technology company's stock after selling 2,286 shares during the period. Formidable Asset Management LLC's holdings in F5 were worth $579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in F5 by 5.3% in the 4th quarter. HighTower Advisors LLC now owns 966 shares of the network technology company's stock worth $243,000 after acquiring an additional 49 shares during the period. Corient Private Wealth LLC raised its position in shares of F5 by 30.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,114 shares of the network technology company's stock valued at $783,000 after acquiring an additional 724 shares in the last quarter. Royal London Asset Management Ltd. increased its position in F5 by 8.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 25,510 shares of the network technology company's stock worth $6,415,000 after buying an additional 1,881 shares during the period. Mizuho Securities USA LLC increased its position in F5 by 45.7% in the fourth quarter. Mizuho Securities USA LLC now owns 5,506 shares of the network technology company's stock worth $1,385,000 after buying an additional 1,727 shares during the period. Finally, Sei Investments Co. increased its position in F5 by 0.5% in the fourth quarter. Sei Investments Co. now owns 183,351 shares of the network technology company's stock worth $46,106,000 after buying an additional 894 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at F5

In other F5 news, Director Alan Higginson sold 1,272 shares of the 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 owned 9,919 shares in the company, valued at approximately $2,843,678.11. This 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 is accessible through this hyperlink. Also, Director Elizabeth Buse sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total value of $440,295.00. Following the completion of the transaction, the director 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. Insiders sold 8,519 shares of company stock worth $2,408,594 over the last quarter. 0.52% of the stock is currently owned by company insiders.

F5 Trading Up 0.2%

Shares of NASDAQ:FFIV traded up $0.69 during trading on Wednesday, hitting $298.51. 34,606 shares of the company were exchanged, compared to its average volume of 561,453. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 3.79 and a beta of 1.00. F5, Inc. has a fifty-two week low of $170.21 and a fifty-two week high of $313.00. The firm has a fifty day moving average price of $291.57 and a two-hundred day moving average price of $280.05.

F5 (NASDAQ:FFIV - Get Free Report) last posted its earnings results 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. The business had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. F5 had a return on equity of 21.18% and a net margin of 21.14%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.91 EPS. As a group, research analysts predict that F5, Inc. will post 11.2 EPS for the current year.

Wall Street Analyst Weigh In

FFIV has been the topic of a number of analyst reports. Wolfe Research initiated coverage on F5 in a research note on Monday, July 7th. They issued an "outperform" rating on the stock. Wall Street Zen cut F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Piper Sandler reaffirmed a "neutral" rating and set a $304.00 target price (up previously from $269.00) on shares of F5 in a research note on Monday, July 14th. William Blair reiterated an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $290.00 price target on shares of F5 in a report on Tuesday, April 29th. 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's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $291.44.

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.