GTS Securities LLC Cuts Stock Position in F5, Inc. (NASDAQ:FFIV)

GTS Securities LLC trimmed its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 96.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 859 shares of the network technology company's stock after selling 22,555 shares during the period. GTS Securities LLC's holdings in F5 were worth $216,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings 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 buying an additional 25,748 shares during the period. Boston Trust Walden Corp raised its position in shares of F5 by 3.9% in the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company's stock worth $48,991,000 after acquiring an additional 7,341 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of F5 by 163.3% in the 4th quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company's stock valued at $20,121,000 after purchasing an additional 49,629 shares during the period. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of F5 in the 4th quarter valued at approximately $5,856,000. Finally, Jupiter Asset Management Ltd. boosted its position 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 purchasing an additional 134,537 shares in the last quarter. Institutional investors own 90.66% of the company's stock.

F5 Trading Up 0.2%

NASDAQ FFIV traded up $0.64 during trading hours on Monday, hitting $286.02. 346,358 shares of the company's stock traded hands, compared to its average volume of 568,413. F5, Inc. has a 52 week low of $164.45 and a 52 week high of $313.00. The firm has a market capitalization of $16.43 billion, a P/E ratio of 28.43, a P/E/G ratio of 3.85 and a beta of 1.00. The business's fifty day moving average price is $268.13 and its two-hundred day moving average price is $269.43.

F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $590.16 million during the quarter, compared to the consensus estimate of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.91 EPS. On average, sell-side analysts expect that F5, Inc. will post 11.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FFIV shares. JPMorgan Chase & Co. decreased their price objective on F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Piper Sandler upped 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. Morgan Stanley lifted their price target 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. Barclays dropped their price objective on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Finally, Needham & Company LLC restated a "buy" rating and issued a $320.00 price objective on shares of F5 in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, F5 has an average rating of "Hold" and a consensus price target of $282.56.

Insider Buying and Selling at F5

In other F5 news, Director Marianne Budnik sold 1,872 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total transaction of $488,067.84. Following the sale, the director now owns 1,207 shares in the company, valued at approximately $314,689.04. This trade represents a 60.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction that occurred on Friday, May 2nd. The shares were 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 represents a 6.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,891 shares of company stock valued at $2,418,732. Company insiders own 0.52% of the company's stock.

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.