M&T Bank Corp Has $668,000 Stake in F5, Inc. (NASDAQ:FFIV)

M&T Bank Corp decreased its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 26.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,507 shares of the network technology company's stock after selling 901 shares during the quarter. M&T Bank Corp's holdings in F5 were worth $668,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FFIV. GAMMA Investing LLC lifted its holdings in shares of F5 by 34,698.9% in the first 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 during the period. Norges Bank purchased a new stake in shares of F5 during the fourth quarter valued at $171,127,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of F5 by 598.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock valued at $106,944,000 after purchasing an additional 364,372 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of F5 by 110.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company's stock valued at $149,242,000 after purchasing an additional 294,050 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of F5 by 38.0% during the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock valued at $229,597,000 after purchasing an additional 251,534 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Buying and Selling

In related news, EVP Thomas Dean Fountain sold 1,347 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $269.03, for a total transaction of $362,383.41. Following the completion of the transaction, the executive vice president owned 20,660 shares in the company, valued at $5,558,159.80. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael L. Dreyer sold 1,800 shares of the firm'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 transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,519 shares of company stock worth $2,408,594. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FFIV has been the subject of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $320.00 target price on shares of F5 in a report on Tuesday, April 29th. Piper Sandler reaffirmed a "neutral" rating and set a $304.00 target price (up from $269.00) on shares of F5 in a report on Monday. Morgan Stanley upped their target price on F5 from $280.00 to $305.00 and gave the company an "equal weight" rating in a report on Friday. William Blair reissued an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Finally, Barclays dropped their target price on F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. One equities research 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, the company has an average rating of "Hold" and an average price target of $291.44.

F5 Trading Up 0.6%

NASDAQ:FFIV traded up $1.66 during mid-day trading on Friday, hitting $302.00. 102,849 shares of the company's stock traded hands, compared to its average volume of 562,201. The firm has a 50 day moving average of $290.23 and a two-hundred day moving average of $278.87. F5, Inc. has a 12 month low of $170.21 and a 12 month high of $313.00. The firm has a market capitalization of $17.34 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 3.73 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results 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 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 the consensus estimate of $719.91 million. During the same quarter in the prior year, the company earned $2.91 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts expect that F5, Inc. will post 11.2 earnings per share for the current year.

F5 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.