Hussman Strategic Advisors Inc. Sells 2,100 Shares of F5, Inc. (NASDAQ:FFIV)

Hussman Strategic Advisors Inc. trimmed its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 33.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,200 shares of the network technology company's stock after selling 2,100 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in F5 were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC grew its holdings in F5 by 5.3% in the 4th quarter. HighTower Advisors LLC now owns 966 shares of the network technology company's stock worth $243,000 after buying an additional 49 shares in the last quarter. Natixis Advisors LLC grew its holdings in F5 by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 29,315 shares of the network technology company's stock worth $7,372,000 after buying an additional 569 shares in the last quarter. Corient Private Wealth LLC boosted its stake in F5 by 30.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,114 shares of the network technology company's stock valued at $783,000 after purchasing an additional 724 shares in the last quarter. Cibc World Markets Corp boosted its stake in F5 by 16.0% during the 4th quarter. Cibc World Markets Corp now owns 9,165 shares of the network technology company's stock valued at $2,305,000 after purchasing an additional 1,267 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in F5 during the 4th quarter valued at $522,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael L. Dreyer sold 1,800 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total value of $514,728.00. Following the completion of the sale, the director owned 4,376 shares of the company's stock, valued at $1,251,360.96. This trade represents a 29.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan Higginson sold 1,272 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $286.69, for a total transaction of $364,669.68. Following the completion of the sale, the director directly owned 9,919 shares of the company's stock, valued at approximately $2,843,678.11. This represents a 11.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,519 shares of company stock valued at $2,408,594 in the last ninety days. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Barclays cut their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their target price on F5 from $285.00 to $305.00 and gave the company a "neutral" rating in a report on Thursday. Wolfe Research assumed coverage on F5 in a report on Monday, July 7th. They issued an "outperform" rating for the company. Finally, Morgan Stanley increased their target price on F5 from $280.00 to $305.00 and gave the company an "equal weight" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, F5 presently has a consensus rating of "Hold" and a consensus target price of $291.44.

F5 Stock Performance

Shares of NASDAQ:FFIV traded up $1.83 during midday trading on Friday, hitting $302.17. The company's stock had a trading volume of 597,884 shares, compared to its average volume of 565,971. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 3.84 and a beta of 1.00. The stock's 50 day simple moving average is $290.88 and its 200 day simple moving average is $279.41. F5, Inc. has a fifty-two week low of $170.21 and a fifty-two week high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping analysts' consensus estimates of $3.11 by $0.31. F5 had a return on equity of 21.18% and a net margin of 21.14%. The business had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same period last year, the business earned $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, analysts anticipate that F5, Inc. will post 11.2 EPS for the current 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.