Sumitomo Mitsui Trust Group Inc. Has $38.72 Million Position in F5, Inc. (NASDAQ:FFIV)

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,418 shares of the network technology company's stock after selling 4,473 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of F5 worth $38,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FFIV. Golden State Wealth Management LLC grew its stake 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 valued at $28,000 after acquiring an additional 77 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of F5 during the fourth quarter worth approximately $31,000. Crowley Wealth Management Inc. purchased a new position in F5 during the fourth quarter valued at approximately $35,000. Hurley Capital LLC acquired a new position in F5 in the 4th quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC increased its stake in F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after buying an additional 49 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Trading Up 1.3%

NASDAQ FFIV traded up $3.91 during trading on Thursday, hitting $300.03. 272,018 shares of the company traded hands, compared to its average volume of 560,585. F5, Inc. has a 12 month low of $169.55 and a 12 month high of $313.00. The business has a fifty day simple moving average of $284.14 and a 200 day simple moving average of $275.92. The company has a market capitalization of $17.23 billion, a P/E ratio of 28.47, a PEG ratio of 3.77 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating analysts' consensus estimates of $3.11 by $0.31. F5 had a return on equity of 21.18% and a net margin of 21.14%. The business had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same period last year, the business earned $2.91 EPS. The firm's revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that F5, Inc. will post 11.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FFIV. Piper Sandler lifted their target price on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Wall Street Zen lowered F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Barclays reduced their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Needham & Company LLC reaffirmed a "buy" rating and issued a $320.00 target price on shares of F5 in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. cut their price target on F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given 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.

Insiders Place Their Bets

In other F5 news, Director Michael L. Dreyer sold 1,800 shares of the business's stock in a transaction on 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 transaction, the director owned 4,376 shares of the company's stock, valued at $1,251,360.96. The trade was a 29.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $294.32, for a total value of $382,616.00. Following the completion of the sale, the chief executive officer directly owned 107,100 shares in the company, valued at approximately $31,521,672. This represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,519 shares of company stock worth $2,408,594 in the last ninety days. 0.52% of the stock is owned by insiders.

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.