Sienna Gestion Sells 4,264 Shares of F5, Inc. (NASDAQ:FFIV)

Key Points

• Sienna Gestion reduced its stake in F5, Inc. by 9.8% in Q1, holding 39,336 shares valued at approximately $10.18 million.
• Several institutional investors increased their holdings in F5, with notable increases from Annis Gardner Whiting Capital Advisors LLC (up 134.1%) and Golden State Wealth Management LLC (up 275.0%).
• F5's quarterly earnings surpassed estimates, reporting $4.16 EPS and $780.37 million in revenue, a 12.2% year-over-year increase.

Sienna Gestion lowered its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,336 shares of the network technology company's stock after selling 4,264 shares during the period. Sienna Gestion owned 0.07% of F5 worth $10,181,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of F5 by 34,698.9% during the 1st 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 in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of F5 by 110.4% during the 1st 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 buying an additional 294,050 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of F5 by 659.3% during the 1st quarter. Pacer Advisors Inc. now owns 316,992 shares of the network technology company's stock valued at $84,405,000 after buying an additional 275,244 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of F5 by 38.0% during the 4th quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock valued at $229,597,000 after buying an additional 251,534 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of F5 by 400.3% during the 4th quarter. Voya Investment Management LLC now owns 220,291 shares of the network technology company's stock valued at $55,397,000 after buying an additional 176,260 shares in the last quarter. Institutional investors own 90.66% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on FFIV shares. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Morgan Stanley upped their price target on shares of F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Piper Sandler upped their price target on shares of F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on shares of F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Finally, William Blair reiterated an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $309.89.

F5 Trading Down 1.0%

NASDAQ:FFIV traded down $3.16 during mid-day trading on Friday, reaching $315.34. The company's stock had a trading volume of 327,752 shares, compared to its average volume of 583,240. F5, Inc. has a 12-month low of $194.45 and a 12-month high of $334.00. The firm's fifty day moving average price is $301.13 and its two-hundred day moving average price is $285.97. The stock has a market cap of $18.12 billion, a P/E ratio of 27.78, a PEG ratio of 3.64 and a beta of 1.03.

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

Insider Activity

In other news, EVP Chad Michael Whalen sold 5,297 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $322.24, for a total transaction of $1,706,905.28. Following the completion of the sale, the executive vice president owned 23,591 shares of the company's stock, valued at $7,601,963.84. This represents a 18.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Elizabeth Buse sold 1,500 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total transaction of $440,295.00. Following the sale, the director directly owned 5,013 shares of the company's stock, valued at $1,471,465.89. The trade was a 23.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,816 shares of company stock worth $4,227,002. Company insiders own 0.52% of the company's stock.

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.