F5, Inc. (NASDAQ:FFIV) Shares Sold by PNC Financial Services Group Inc.

Key Points

• PNC Financial Services Group Inc. has reduced its stake in F5, Inc. by 12.3%, holding 6,520 shares worth approximately $1.74 million after selling 915 shares in the 1st quarter.
• Insider transactions include Director Elizabeth Buse selling 1,500 shares valued at approximately $440,295, resulting in a 23.03% decrease in her ownership.
• F5, Inc. recently reported earnings per share of $4.16, exceeding estimates, with a revenue of $780.37 million, reflecting a 12.2% year-over-year increase.

PNC Financial Services Group Inc. decreased its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 12.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,520 shares of the network technology company's stock after selling 915 shares during the period. PNC Financial Services Group Inc.'s holdings in F5 were worth $1,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jupiter Asset Management Ltd. increased its position in F5 by 0.6% during the first quarter. Jupiter Asset Management Ltd. now owns 298,291 shares of the network technology company's stock worth $79,426,000 after purchasing an additional 1,785 shares during the last quarter. Baker Avenue Asset Management LP acquired a new position in F5 during the first quarter worth approximately $244,000. Private Advisory Group LLC acquired a new position in F5 during the first quarter worth approximately $469,000. Vestcor Inc increased its position in F5 by 689.3% during the first quarter. Vestcor Inc now owns 7,364 shares of the network technology company's stock worth $1,961,000 after purchasing an additional 6,431 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in F5 during the first quarter worth approximately $2,589,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Insiders Place Their Bets

In other news, Director Elizabeth Buse sold 1,500 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total value of $440,295.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 1,347 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $309.73, for a total transaction of $417,206.31. Following the completion of the transaction, the executive vice president owned 20,699 shares of the company's stock, valued at $6,411,101.27. This trade represents a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,519 shares of company stock valued at $2,520,097. Corporate insiders own 0.52% of the company's stock.

F5 Trading Up 1.4%

Shares of FFIV stock opened at $321.77 on Friday. The company has a market capitalization of $18.49 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 3.76 and a beta of 1.03. The firm has a fifty day simple moving average of $298.24 and a 200-day simple moving average of $284.40. F5, Inc. has a twelve month low of $188.31 and a twelve month high of $334.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.67. The business had revenue of $780.37 million during the quarter, compared to the consensus estimate of $750.64 million. F5 had a net margin of 22.06% and a return on equity of 21.77%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.36 earnings per share. Equities research analysts predict that F5, Inc. will post 11.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FFIV shares. William Blair reaffirmed an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Wolfe Research started coverage on shares of F5 in a research report on Monday, July 7th. They set an "outperform" rating for the company. Royal Bank Of Canada upped their price target on shares of F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Piper Sandler increased their price objective on shares of F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC increased their price objective on shares of F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $309.89.

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.

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