F5, Inc. (NASDAQ:FFIV) Shares Sold by Synergy Asset Management LLC

Synergy Asset Management LLC trimmed its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,112 shares of the network technology company's stock after selling 1,112 shares during the quarter. Synergy Asset Management LLC's holdings in F5 were worth $296,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the sale, the chief executive officer now owns 148,647 shares of the company's stock, valued at approximately $39,446,454.39. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $269.03, for a total transaction of $362,383.41. Following the transaction, the executive vice president now directly owns 20,660 shares in the company, valued at $5,558,159.80. This trade represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,519 shares of company stock valued at $2,370,959 in the last three months. 0.52% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on FFIV shares. Wall Street Zen lowered shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. cut their target price on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. 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. William Blair reiterated an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Finally, Piper Sandler boosted their price objective on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $282.56.

F5 Trading Down 1.8%

FFIV stock traded down $5.32 during mid-day trading on Thursday, reaching $289.09. The company's stock had a trading volume of 995,983 shares, compared to its average volume of 558,518. The company's 50 day moving average is $280.39 and its two-hundred day moving average is $274.68. F5, Inc. has a fifty-two week low of $169.42 and a fifty-two week high of $313.00. The stock has a market cap of $16.60 billion, a PE ratio of 27.43, a P/E/G ratio of 3.75 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly 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 21.18% and a net margin of 21.14%. The firm had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.91 earnings per share. On average, analysts forecast that F5, Inc. will post 11.2 earnings per share for the current fiscal 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.