Migdal Insurance & Financial Holdings Ltd. Trims Stock Position in F5, Inc. (NASDAQ:FFIV)

Migdal Insurance & Financial Holdings Ltd. lessened its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 25.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,000 shares of the network technology company's stock after selling 2,410 shares during the period. Migdal Insurance & Financial Holdings Ltd.'s holdings in F5 were worth $1,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Golden State Wealth Management LLC lifted its position in shares of F5 by 275.0% during the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock valued at $28,000 after buying an additional 77 shares in the last quarter. Park Square Financial Group LLC acquired a new position in F5 during the fourth quarter worth $31,000. Crowley Wealth Management Inc. purchased a new position in F5 during the fourth quarter valued at $35,000. Hurley Capital LLC acquired a new stake in shares of F5 in the fourth quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of F5 by 31.8% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a research note on Thursday. William Blair reissued an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. 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. Royal Bank Of Canada reissued a "sector perform" rating and issued a $290.00 price target on shares of F5 in a research note on Tuesday, April 29th. Finally, Needham & Company LLC restated a "buy" rating and set a $320.00 price target on shares of F5 in a research 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $291.44.

Insider Activity

In related news, EVP Thomas Dean Fountain sold 1,347 shares of the company'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 transaction of $362,383.41. Following the sale, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $294.32, for a total transaction of $382,616.00. Following the completion of the transaction, the chief executive officer owned 107,100 shares of the company's stock, valued at $31,521,672. This represents a 1.20% 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 90 days. Company insiders own 0.52% of the company's stock.

F5 Stock Performance

Shares of NASDAQ FFIV traded up $1.83 during mid-day trading on Friday, reaching $302.17. 597,884 shares of the company's stock were exchanged, compared to its average volume of 565,103. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 3.82 and a beta of 1.00. The company's 50-day moving average is $290.88 and its 200-day moving average is $279.22. F5, Inc. has a 52-week low of $170.21 and a 52-week high of $313.00.

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

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.