Tidal Investments LLC Has $3 Million Stake in F5, Inc. (NASDAQ:FFIV)

Tidal Investments LLC decreased its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,935 shares of the network technology company's stock after selling 890 shares during the quarter. Tidal Investments LLC's holdings in F5 were worth $3,001,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Coldstream Capital Management Inc. raised its stake in F5 by 3.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock worth $240,000 after acquiring an additional 34 shares in the last quarter. Colonial Trust Co SC raised its stake in F5 by 5.2% during the fourth quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock worth $172,000 after acquiring an additional 34 shares in the last quarter. Jones Financial Companies Lllp raised its stake in F5 by 4.3% during the fourth quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock worth $214,000 after acquiring an additional 35 shares in the last quarter. AMG National Trust Bank raised its stake in F5 by 0.5% during the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock worth $1,987,000 after acquiring an additional 37 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in F5 by 2.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock worth $404,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Trading Up 1.5%

FFIV stock traded up $4.12 during trading on Tuesday, hitting $286.22. The company had a trading volume of 27,140 shares, compared to its average volume of 574,918. The business has a 50-day moving average of $267.22 and a 200-day moving average of $268.33. F5, Inc. has a one year low of $164.45 and a one year high of $313.00. The stock has a market cap of $16.44 billion, a PE ratio of 28.45, a PEG ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $719.91 million. During the same period in the prior year, the business posted $2.91 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. Research analysts forecast that F5, Inc. will post 11.2 EPS for the current year.

Insider Activity at F5

In other F5 news, Director Marianne Budnik sold 1,872 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the transaction, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the transaction, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. The trade was a 14.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,577 shares of company stock worth $2,926,029 over the last ninety days. Insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on FFIV shares. William Blair reissued an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Piper Sandler boosted their price target on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Bank of America boosted their price target on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Morgan Stanley boosted their price target on F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $282.56.

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.