F5, Inc. (NASDAQ:FFIV) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its holdings in F5, Inc. by 21.3%, selling 6,242 shares and holding 23,073 shares valued at $6,144,000 as of the latest SEC filing.
• Several other hedge funds made significant adjustments to their F5 positions, with Golden State Wealth Management LLC increasing its stake by 275.0% and CoreCap Advisors LLC lifting its position by 314.8%.
• F5, Inc. recently reported quarterly earnings of $4.16 EPS, surpassing analyst expectations, with revenue of $780.37 million reflecting a 12.2% year-over-year growth.

Natixis Advisors LLC lessened its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,073 shares of the network technology company's stock after selling 6,242 shares during the quarter. Natixis Advisors LLC's holdings in F5 were worth $6,144,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FFIV. Vestcor Inc increased its stake in shares of F5 by 689.3% in the 1st quarter. Vestcor Inc now owns 7,364 shares of the network technology company's stock worth $1,961,000 after acquiring an additional 6,431 shares during the last quarter. Golden State Wealth Management LLC raised its stake in F5 by 275.0% during the first quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock worth $28,000 after purchasing an additional 77 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in F5 in the 4th quarter valued at about $5,856,000. Norden Group LLC acquired a new position in F5 in the 1st quarter valued at about $234,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of F5 in the 1st quarter valued at approximately $240,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Transactions at F5

In other news, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction on Friday, August 1st. The shares were sold at an average price of $308.14, for a total value of $400,582.00. Following the transaction, the chief executive officer directly owned 110,153 shares of the company's stock, valued at $33,942,545.42. The trade was a 1.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael L. Dreyer sold 1,800 shares of the company's stock in a transaction dated 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 directly owned 4,376 shares of the company's stock, valued at $1,251,360.96. The trade was a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,519 shares of company stock worth $2,520,097. Insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

FFIV has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. William Blair restated an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Needham & Company LLC raised their price target on shares of F5 from $320.00 to $345.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wall Street Zen cut F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada boosted their target price on F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, F5 has a consensus rating of "Hold" and a consensus price target of $309.89.

F5 Price Performance

Shares of NASDAQ FFIV traded down $4.00 during midday trading on Thursday, hitting $317.23. 469,157 shares of the company's stock were exchanged, compared to its average volume of 569,643. The firm's fifty day simple moving average is $296.71 and its 200-day simple moving average is $283.58. The company has a market cap of $18.22 billion, a PE ratio of 26.42, a P/E/G ratio of 3.75 and a beta of 1.03. F5, Inc. has a twelve month low of $186.19 and a twelve month high of $334.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its earnings results on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, beating analysts' consensus estimates of $3.49 by $0.67. F5 had a net margin of 22.06% and a return on equity of 21.77%. The firm had revenue of $780.37 million for the quarter, compared to the consensus estimate of $750.64 million. During the same period last year, the firm posted $3.36 EPS. The company's revenue was up 12.2% on a year-over-year basis. Equities analysts anticipate that F5, Inc. will post 11.2 EPS for the current fiscal 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.