F5, Inc. (NASDAQ:FFIV) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC decreased its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 27.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,410 shares of the network technology company's stock after selling 18,214 shares during the period. Seizert Capital Partners LLC owned approximately 0.08% of F5 worth $12,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its position in F5 by 275.0% during the 1st 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 during the 4th quarter worth about $31,000. Hurley Capital LLC acquired a new stake in F5 during the 4th quarter worth about $43,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in F5 during the 4th quarter worth about $60,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in F5 by 31.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 293 shares of the network technology company's stock worth $78,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

F5 Stock Performance

Shares of F5 stock traded down $5.99 during trading hours on Friday, reaching $307.43. 790,548 shares of the company were exchanged, compared to its average volume of 494,142. The stock's fifty day moving average is $294.53 and its 200 day moving average is $282.40. The firm has a market cap of $17.66 billion, a PE ratio of 27.09, a PEG ratio of 3.96 and a beta of 1.03. F5, Inc. has a 1 year low of $184.80 and a 1 year high of $334.00.

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

Insider Activity

In related news, Director Alan Higginson sold 1,272 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $286.69, for a total transaction of $364,669.68. Following the completion of the transaction, the director owned 9,919 shares in the company, valued at approximately $2,843,678.11. The trade was a 11.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Elizabeth Buse sold 1,500 shares of the company's 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 completion of the transaction, the director owned 5,013 shares of the company's stock, valued at $1,471,465.89. This represents a 23.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,872 shares of company stock worth $1,702,309. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FFIV. Wolfe Research assumed coverage on F5 in a research report on Monday, July 7th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. boosted their target price on F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Morgan Stanley boosted their target price on F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a report on Thursday. Needham & Company LLC lifted 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. Finally, Barclays lifted their price target on shares of F5 from $274.00 to $321.00 and gave the company an "equal weight" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, F5 currently has a consensus rating of "Hold" and a consensus price target of $309.89.

F5 Company 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.