Grimes & Company Inc. Sells 44,500 Shares of F5, Inc. (NASDAQ:FFIV)

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

Other hedge funds have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. lifted its stake in shares of F5 by 3.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock valued at $240,000 after purchasing an additional 34 shares during the period. Colonial Trust Co SC lifted its stake in F5 by 5.2% in the fourth quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock valued at $172,000 after buying an additional 34 shares during the period. Jones Financial Companies Lllp boosted its holdings 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 buying an additional 35 shares in the last quarter. AMG National Trust Bank boosted its holdings 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 buying an additional 37 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of F5 by 31.8% in the 4th 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 in the last quarter. Institutional investors own 90.66% of the company's stock.

F5 Trading Down 0.7%

NASDAQ FFIV traded down $2.11 during trading hours on Thursday, hitting $286.48. The company's stock had a trading volume of 376,115 shares, compared to its average volume of 561,603. The company has a market capitalization of $16.45 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 3.65 and a beta of 1.00. F5, Inc. has a 52 week low of $167.35 and a 52 week high of $313.00. The company's 50-day simple moving average is $277.27 and its two-hundred day simple moving average is $273.41.

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, beating analysts' consensus estimates of $3.11 by $0.31. F5 had a return on equity of 21.18% and a net margin of 21.14%. The company had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. During the same quarter last year, the company earned $2.91 earnings per share. The company's revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts anticipate that F5, Inc. will post 11.2 EPS for the current fiscal year.

Insider Transactions at F5

In related news, Director Elizabeth Buse sold 1,500 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total transaction of $440,295.00. Following the transaction, the director now directly owns 5,013 shares in the company, valued at approximately $1,471,465.89. The trade was a 23.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Higginson sold 1,272 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $286.69, for a total transaction of $364,669.68. Following the completion of the sale, the director now owns 9,919 shares of the company's stock, valued at approximately $2,843,678.11. This trade represents a 11.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,519 shares of company stock worth $2,370,959 in the last quarter. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FFIV. Royal Bank Of Canada reissued a "sector perform" rating and set a $290.00 target price on shares of F5 in a research note on Tuesday, April 29th. JPMorgan Chase & Co. dropped their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Needham & Company LLC restated a "buy" rating and issued a $320.00 target price on shares of F5 in a research note on Tuesday, April 29th. Piper Sandler upped their price target on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Finally, Wall Street Zen lowered F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $282.56.

F5 Company 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.