Picton Mahoney Asset Management Decreases Stake in F5, Inc. (NASDAQ:FFIV)

Picton Mahoney Asset Management lessened its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 36.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,505 shares of the network technology company's stock after selling 846 shares during the period. Picton Mahoney Asset Management's holdings in F5 were worth $401,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its stake in shares of F5 by 3.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock worth $240,000 after acquiring an additional 34 shares during the period. Colonial Trust Co SC lifted its stake in shares of F5 by 5.2% in the 4th quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock worth $172,000 after acquiring an additional 34 shares during the period. Spire Wealth Management lifted its holdings in F5 by 11.9% in the first quarter. Spire Wealth Management now owns 451 shares of the network technology company's stock valued at $120,000 after acquiring an additional 48 shares during the period. HighTower Advisors LLC lifted its holdings in F5 by 5.3% in the fourth quarter. HighTower Advisors LLC now owns 966 shares of the network technology company's stock valued at $243,000 after acquiring an additional 49 shares during the period. Finally, Townsquare Capital LLC lifted its holdings in F5 by 3.2% in the fourth quarter. Townsquare Capital LLC now owns 2,098 shares of the network technology company's stock valued at $528,000 after acquiring an additional 66 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Stock Performance

FFIV stock traded down $5.99 during trading on Friday, hitting $307.43. The stock had a trading volume of 790,548 shares, compared to its average volume of 494,142. The company's 50 day moving average price is $294.53 and its two-hundred day moving average price is $282.40. F5, Inc. has a 1-year low of $184.80 and a 1-year high of $334.00. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 3.96 and a beta of 1.03.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $750.64 million. During the same quarter in the previous year, the company posted $3.36 EPS. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Piper Sandler raised their target price on F5 from $304.00 to $355.00 and gave the company a "neutral" rating in a report on Thursday. Needham & Company LLC raised their target price on F5 from $320.00 to $345.00 and gave the company a "buy" rating in a report on Thursday. Royal Bank Of Canada raised their target price on F5 from $314.00 to $326.00 and gave the company a "sector perform" rating in a report on Thursday. Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Barclays set a $321.00 price target on F5 and gave the stock an "equal weight" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $309.89.

Insider Activity

In related news, Director Michael L. Dreyer sold 1,800 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total value of $514,728.00. Following the completion of the transaction, the director owned 4,376 shares of the company's stock, valued at approximately $1,251,360.96. The trade was a 29.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $294.32, for a total transaction of $382,616.00. Following the completion of the transaction, the chief executive officer directly owned 107,100 shares of the company's stock, valued at $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 quarter, insiders sold 5,872 shares of company stock worth $1,702,309. Company insiders own 0.52% of the company's stock.

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.