Mirae Asset Global Investments Co. Ltd. Sells 3,907 Shares of F5, Inc. (NASDAQ:FFIV)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 23.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,598 shares of the network technology company's stock after selling 3,907 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in F5 were worth $3,324,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC grew its stake in shares of F5 by 275.0% in the first quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock valued at $28,000 after buying an additional 77 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in F5 during the 4th quarter worth $5,856,000. Exchange Traded Concepts LLC increased its stake in F5 by 72.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,698 shares of the network technology company's stock worth $452,000 after buying an additional 714 shares during the period. Jupiter Asset Management Ltd. grew its stake in F5 by 83.1% during the 4th 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. Finally, Sequoia Financial Advisors LLC grew its stake in F5 by 10.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 15,157 shares of the network technology company's stock valued at $3,811,000 after purchasing an additional 1,419 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

F5 Price Performance

FFIV traded up $3.91 on Friday, reaching $300.03. 272,018 shares of the company traded hands, compared to its average volume of 560,585. F5, Inc. has a 52-week low of $169.55 and a 52-week high of $313.00. The company has a market cap of $17.23 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 3.82 and a beta of 1.00. The stock's 50 day moving average price is $284.74 and its 200-day moving average price is $276.20.

F5 (NASDAQ:FFIV - Get Free Report) last released 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. F5 had a return on equity of 21.18% and a net margin of 21.14%. The firm had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. During the same quarter last year, the firm earned $2.91 earnings per share. The business's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts forecast that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FFIV has been the subject of several research analyst reports. Barclays dropped their target price on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating for the company 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 report on Tuesday, April 29th. Needham & Company LLC reiterated a "buy" rating and set a $320.00 price objective on shares of F5 in a research note on Tuesday, April 29th. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $290.00 target price on shares of F5 in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $282.56.

Insider Buying and Selling

In other F5 news, Director Elizabeth Buse sold 1,500 shares of the stock in a transaction on Wednesday, June 11th. The shares were 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 of the company's stock, valued at $1,471,465.89. This represents a 23.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $294.32, for a total value of $382,616.00. Following the sale, the chief executive officer owned 107,100 shares of the company's stock, valued at approximately $31,521,672. The trade was a 1.20% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,519 shares of company stock valued at $2,408,594. 0.52% of the stock is owned by company insiders.

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.