Nisa Investment Advisors LLC Has $8.01 Million Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Nisa Investment Advisors LLC cut its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 13.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,088 shares of the network technology company's stock after selling 4,598 shares during the period. Nisa Investment Advisors LLC owned approximately 0.05% of F5 worth $8,012,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC lifted its position in F5 by 275.0% in 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. Park Square Financial Group LLC acquired a new stake in F5 in the fourth quarter worth approximately $31,000. Crowley Wealth Management Inc. acquired a new stake in F5 in the fourth quarter worth approximately $35,000. Hurley Capital LLC acquired a new stake in F5 in the fourth quarter worth approximately $43,000. Finally, EverSource Wealth Advisors LLC lifted its position in F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after purchasing an additional 49 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at F5

In other F5 news, EVP Thomas Dean Fountain sold 1,347 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $269.03, for a total transaction of $362,383.41. Following the sale, the executive vice president directly owned 20,660 shares of the company's stock, valued at $5,558,159.80. The trade was a 6.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael L. Dreyer sold 1,800 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total transaction of $514,728.00. Following the completion of the transaction, the director directly owned 4,376 shares in the company, valued at $1,251,360.96. This trade represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,519 shares of company stock worth $2,408,594. Insiders own 0.52% of the company's stock.

F5 Trading Down 2.7%

NASDAQ:FFIV traded down $8.00 during trading hours on Friday, hitting $291.89. 451,303 shares of the stock traded hands, compared to its average volume of 563,602. The firm has a 50 day moving average price of $287.65 and a 200 day moving average price of $277.54. F5, Inc. has a fifty-two week low of $170.21 and a fifty-two week high of $313.00. The firm has a market cap of $16.76 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 3.82 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 (EPS) 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 company had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same period in the previous year, the business earned $2.91 EPS. The company's revenue was up 7.3% on a year-over-year basis. Research analysts predict that F5, Inc. will post 11.2 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. William Blair reiterated an "outperform" rating on shares of F5 in a research 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 report on Tuesday, April 29th. Morgan Stanley increased their price objective on F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. Finally, Wolfe Research initiated coverage on F5 in a research report on Monday. They set an "outperform" rating for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, F5 currently has a consensus rating of "Hold" and an average price target 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.