Retireful LLC Has $880,000 Position in F5, Inc. (NASDAQ:FFIV)

Retireful LLC reduced its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 47.0% in the 1st quarter, according to the company in its most recent disclosure 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in F5 by 457.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company's stock worth $7,899,000 after purchasing an additional 25,748 shares during the period. Fisher Asset Management LLC lifted its position in F5 by 163.3% in the fourth quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company's stock worth $20,121,000 after purchasing an additional 49,629 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in F5 during the fourth quarter worth $5,856,000. Jupiter Asset Management Ltd. lifted its holdings in shares of F5 by 83.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company's stock valued at $74,562,000 after acquiring an additional 134,537 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of F5 by 10.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 15,157 shares of the network technology company's stock valued at $3,811,000 after acquiring an additional 1,419 shares during the period. 90.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FFIV. William Blair reissued an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Morgan Stanley lifted their price objective on F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Piper Sandler lifted their price objective on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Barclays cut their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, Needham & Company LLC reissued a "buy" rating and set a $320.00 price objective on shares of F5 in a 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 issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $282.56.

Insiders Place Their Bets

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the transaction, the chief executive officer now directly owns 148,647 shares in the company, valued at approximately $39,446,454.39. The trade was a 0.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Higginson sold 1,272 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total value of $364,669.68. Following the transaction, the director now owns 9,919 shares of the company's stock, valued at $2,843,678.11. The trade was a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,891 shares of company stock valued at $2,418,732. 0.52% of the stock is currently owned by insiders.

F5 Trading Up 0.0%

Shares of F5 stock traded up $0.13 during trading on Thursday, reaching $293.96. The company's stock had a trading volume of 471,505 shares, compared to its average volume of 568,368. The stock has a 50-day moving average price of $269.96 and a two-hundred day moving average price of $270.44. F5, Inc. has a one year low of $164.45 and a one year high of $313.00. The stock has a market capitalization of $16.88 billion, a P/E ratio of 29.22, a price-to-earnings-growth 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 earnings per share (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 analysts' expectations of $719.91 million. During the same period in the previous year, the business posted $2.91 earnings per share. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that F5, Inc. will post 11.2 EPS 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.