MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.35 Million Stock Holdings in F5, Inc. (NASDAQ:FFIV)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 88.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,376 shares of the network technology company's stock after selling 42,012 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in F5 were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FFIV. Norges Bank acquired a new stake in shares of F5 during the 4th quarter worth about $171,127,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of F5 by 598.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock worth $106,944,000 after buying an additional 364,372 shares during the last quarter. Northern Trust Corp lifted its stake in shares of F5 by 38.0% during 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 last quarter. Edge Capital Group LLC acquired a new stake in F5 in the 4th quarter worth about $59,623,000. Finally, Cookson Peirce & Co. Inc. acquired a new stake in F5 in the 4th quarter worth about $53,212,000. Institutional investors own 90.66% of the company's stock.

F5 Trading Down 1.0%

FFIV stock traded down $2.73 during mid-day trading on Thursday, hitting $280.56. The stock had a trading volume of 72,095 shares, compared to its average volume of 567,323. The firm has a market capitalization of $16.11 billion, a P/E ratio of 27.91, a P/E/G ratio of 3.85 and a beta of 1.00. The firm has a fifty day simple moving average of $267.88 and a 200 day simple moving average of $268.56. F5, Inc. has a 52 week low of $164.45 and a 52 week high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.31. F5 had a net margin of 20.58% and a return on equity of 20.98%. The company had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. During the same period in the previous year, the firm posted $2.91 EPS. The firm's revenue was up 7.3% on a year-over-year basis. As a group, equities analysts expect that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Thomas Dean Fountain sold 1,347 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $269.03, for a total value of $362,383.41. Following the sale, the executive vice president now directly owns 20,660 shares of the company's stock, valued at approximately $5,558,159.80. This represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael L. Dreyer sold 1,800 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the completion of the sale, the director now directly owns 4,376 shares in the company, valued at approximately $1,251,360.96. This represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,891 shares of company stock valued at $2,418,732 in the last ninety days. 0.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on FFIV shares. Piper Sandler lifted their price objective on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Morgan Stanley lifted their price objective on shares of F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research note 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 for the company in a research note on Tuesday, April 29th. Royal Bank of Canada reissued a "sector perform" rating and issued a $290.00 target price on shares of F5 in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. One equities 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 stock. According to data from MarketBeat.com, F5 has a consensus rating of "Hold" and a consensus target price of $282.56.

About F5

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.