F5, Inc. (NASDAQ:FFIV) Position Lessened by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 3.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,946 shares of the network technology company's stock after selling 10,102 shares during the period. Los Angeles Capital Management LLC owned about 0.44% of F5 worth $67,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in F5 by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock worth $1,897,154,000 after purchasing an additional 64,261 shares during the last quarter. Geode Capital Management LLC increased its position in F5 by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock worth $402,536,000 after buying an additional 30,367 shares during the period. First Trust Advisors LP increased its position in F5 by 3.1% during the fourth quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company's stock worth $316,814,000 after buying an additional 37,354 shares during the period. Northern Trust Corp increased its position in F5 by 38.0% during the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock worth $229,597,000 after buying an additional 251,534 shares during the period. Finally, GAMMA Investing LLC increased its position in F5 by 34,698.9% during the first quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock worth $198,661,000 after buying an additional 743,945 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Activity at F5

In other news, 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 transaction of $440,295.00. Following the sale, the director directly owned 5,013 shares in the company, valued at approximately $1,471,465.89. This represents a 23.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Dean Fountain sold 1,347 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $269.03, for a total value of $362,383.41. Following the completion of the sale, the executive vice president owned 20,660 shares in the company, valued at approximately $5,558,159.80. This represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,519 shares of company stock worth $2,408,594 over the last quarter. 0.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FFIV shares. Royal Bank Of Canada reissued a "sector perform" rating and issued a $290.00 target price on shares of F5 in a report on Tuesday, April 29th. Piper Sandler reissued a "neutral" rating and issued a $304.00 target price (up previously from $269.00) on shares of F5 in a report on Monday, July 14th. William Blair reissued an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their target price on F5 from $285.00 to $305.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Needham & Company LLC restated a "buy" rating and issued a $320.00 price target on shares of F5 in a research note on Tuesday, April 29th. One investment 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 MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $291.44.

F5 Trading Up 0.6%

NASDAQ:FFIV traded up $1.83 on Friday, hitting $302.17. 597,884 shares of the stock were exchanged, compared to its average volume of 565,971. The stock has a market cap of $17.35 billion, a PE ratio of 28.67, a PEG ratio of 3.84 and a beta of 1.00. The stock has a fifty day moving average of $290.88 and a 200-day moving average of $279.41. 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 issued its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.31. The company 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 company's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.91 earnings per share. As a group, analysts predict that F5, Inc. will post 11.2 earnings per share for the current year.

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.