F5, Inc. (NASDAQ:FFIV) Stock Holdings Lessened by Synergy Asset Management LLC

Synergy Asset Management LLC trimmed its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 50.0% in the first quarter, according to its most recent disclosure 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in FFIV. GAMMA Investing LLC lifted its position in shares of F5 by 34,698.9% in the first quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock worth $198,661,000 after purchasing an additional 743,945 shares in the last quarter. Norges Bank purchased a new stake in shares of F5 in the fourth quarter worth approximately $171,127,000. Arrowstreet Capital Limited Partnership lifted its position in shares of F5 by 598.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock worth $106,944,000 after purchasing an additional 364,372 shares in the last quarter. Northern Trust Corp raised its position in F5 by 38.0% during the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock valued at $229,597,000 after acquiring an additional 251,534 shares in the last quarter. Finally, Edge Capital Group LLC bought a new position in F5 during the fourth quarter valued at approximately $59,623,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley raised 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. Wall Street Zen lowered shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $290.00 price objective on shares of F5 in a research report on Tuesday, April 29th. William Blair reaffirmed an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Finally, Piper Sandler raised their price objective on shares of F5 from $262.00 to $269.00 and gave the company 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 given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, F5 presently has an average rating of "Hold" and a consensus price target of $282.56.

Insider Transactions at F5

In related news, Director Elizabeth Buse sold 1,500 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total value of $440,295.00. Following the completion of the transaction, the director now directly owns 5,013 shares of the company's stock, valued at $1,471,465.89. This trade 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 is available through this hyperlink. Also, Director Alan Higginson sold 1,272 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total value of $364,669.68. Following the completion of the transaction, the director now directly owns 9,919 shares of the company's stock, valued at approximately $2,843,678.11. This trade represents a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,519 shares of company stock worth $2,370,959. Insiders own 0.52% of the company's stock.

F5 Stock Up 0.2%

Shares of FFIV stock opened at $287.13 on Monday. F5, Inc. has a 12 month low of $167.35 and a 12 month high of $313.00. The business's 50 day moving average is $277.78 and its two-hundred day moving average is $273.91. The company has a market cap of $16.49 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 3.65 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced 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. The company had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. F5 had a return on equity of 21.18% and a net margin of 21.14%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.91 earnings per share. As a group, equities analysts expect that F5, Inc. will post 11.2 EPS 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.

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