Grimes & Company Inc. Has $763,000 Stock Position in F5, Inc. (NASDAQ:FFIV)

Grimes & Company Inc. lessened its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 94.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,865 shares of the network technology company's stock after selling 44,500 shares during the period. Grimes & Company Inc.'s holdings in F5 were worth $763,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. increased its position in shares of F5 by 3.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock worth $240,000 after purchasing an additional 34 shares during the last quarter. Colonial Trust Co SC increased its position in shares of F5 by 5.2% during the 4th quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock worth $172,000 after purchasing an additional 34 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of F5 by 4.3% during the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock worth $214,000 after purchasing an additional 35 shares during the last quarter. AMG National Trust Bank increased its position in shares of F5 by 0.5% during the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock worth $1,987,000 after purchasing an additional 37 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

F5 Price Performance

FFIV traded up $0.65 during trading on Friday, hitting $287.13. The stock had a trading volume of 842,795 shares, compared to its average volume of 556,815. The company has a 50 day moving average price of $277.78 and a 200-day moving average price of $273.80. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 3.65 and a beta of 1.00. F5, Inc. has a one year low of $167.35 and a one year high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.91 EPS. As a group, sell-side analysts predict that F5, Inc. will post 11.2 EPS for the current fiscal year.

Insider Activity

In other news, Director Elizabeth Buse sold 1,500 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total transaction of $440,295.00. Following the completion of the sale, the director now directly owns 5,013 shares in the company, valued at approximately $1,471,465.89. This represents a 23.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael L. Dreyer sold 1,800 shares of the company's stock in a transaction 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 sale, the director now owns 4,376 shares of the company's stock, valued at approximately $1,251,360.96. The trade was a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,519 shares of company stock worth $2,370,959. 0.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FFIV. Piper Sandler lifted their target price on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Needham & Company LLC reiterated a "buy" rating and set a $320.00 target price on shares of F5 in a research note on Tuesday, April 29th. Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Barclays reduced their target price on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $290.00 target price on shares of F5 in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average 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.