Retireful LLC Lowers Holdings in F5, Inc. (NASDAQ:FFIV)

Retireful LLC decreased its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 47.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,335 shares of the network technology company's stock after selling 2,959 shares during the quarter. Retireful LLC's holdings in F5 were worth $880,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Park Square Financial Group LLC acquired a new stake in F5 during the 4th quarter worth approximately $31,000. Crowley Wealth Management Inc. purchased a new stake in shares of F5 in the fourth quarter valued at $35,000. Hurley Capital LLC purchased a new stake in shares of F5 in the fourth quarter valued at $43,000. EverSource Wealth Advisors LLC grew its position in shares of F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after purchasing an additional 49 shares during the period. Finally, Smithfield Trust Co acquired a new position in F5 in the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Wall Street Analyst Weigh In

FFIV has been the topic of a number of analyst reports. William Blair reaffirmed an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Morgan Stanley lifted their price objective on shares of F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their target price on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $290.00 price objective on shares of F5 in a research note on Tuesday, April 29th. Finally, Piper Sandler lifted their target price on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. One equities 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 stock. According to MarketBeat.com, F5 currently has a consensus rating of "Hold" and a consensus price target of $282.56.

Insiders Place Their Bets

In other F5 news, Director Marianne Budnik sold 1,872 shares of F5 stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the transaction, the director now directly owns 1,207 shares of the company's stock, valued at $314,689.04. The trade was a 60.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $264.54, for a total value of $343,902.00. Following the completion of the transaction, the chief executive officer now owns 151,700 shares of the company's stock, valued at approximately $40,130,718. This trade represents a 0.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,891 shares of company stock worth $2,418,732 in the last quarter. 0.52% of the stock is owned by company insiders.

F5 Trading Up 0.5%

FFIV stock traded up $1.47 during trading on Friday, hitting $295.43. The company had a trading volume of 313,269 shares, compared to its average volume of 567,788. The business has a 50-day moving average of $270.50 and a 200-day moving average of $271.21. F5, Inc. has a one year low of $164.67 and a one year high of $313.00. The stock has a market cap of $16.97 billion, a PE ratio of 29.37, a PEG ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, beating analysts' consensus estimates of $3.11 by $0.31. F5 had a return on equity of 20.98% and a net margin of 20.58%. The business had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. During the same period in the prior year, the firm posted $2.91 EPS. F5's quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts forecast that F5, Inc. will post 11.2 EPS 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.