KBC Group NV Cuts Stock Holdings in F5, Inc. (NASDAQ:FFIV)

KBC Group NV lessened its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,858 shares of the network technology company's stock after selling 2,073 shares during the quarter. KBC Group NV owned approximately 0.05% of F5 worth $7,684,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FFIV. Vanguard Group Inc. boosted its position in F5 by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock worth $1,897,154,000 after purchasing an additional 64,261 shares during the period. Geode Capital Management LLC lifted its stake in shares of F5 by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock valued at $402,536,000 after buying an additional 30,367 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of F5 by 3.1% during the 4th quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company's stock valued at $316,814,000 after buying an additional 37,354 shares in the last quarter. Northern Trust Corp boosted its holdings in F5 by 38.0% in the 4th quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock worth $229,597,000 after buying an additional 251,534 shares during the period. Finally, GAMMA Investing LLC grew its stake in F5 by 34,698.9% in the 1st quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock valued at $198,661,000 after buying an additional 743,945 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Activity

In other news, Director Elizabeth Buse sold 1,500 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total transaction of $440,295.00. Following the transaction, the director directly owned 5,013 shares in the company, valued at approximately $1,471,465.89. This represents a 23.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael L. Dreyer sold 1,800 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was 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. The trade was a 29.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,519 shares of company stock valued at $2,408,594. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FFIV shares. Royal Bank Of Canada restated a "sector perform" rating and set a $290.00 target price on shares of F5 in a research report on Tuesday, April 29th. Piper Sandler increased their price objective on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Barclays reduced their target price on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $320.00 price objective on shares of F5 in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $282.56.

F5 Stock Up 1.3%

Shares of FFIV stock traded up $3.91 during trading on Friday, hitting $300.03. The company had a trading volume of 272,018 shares, compared to its average volume of 560,585. The stock's 50-day moving average is $284.14 and its two-hundred day moving average is $275.92. The stock has a market capitalization of $17.23 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00. F5, Inc. has a 52 week low of $169.55 and a 52 week high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.31. F5 had a net margin of 21.14% and a return on equity of 21.18%. The firm had revenue of $590.16 million for the quarter, compared to analysts' expectations of $719.91 million. During the same quarter last year, the company posted $2.91 EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts predict 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.