F5, Inc. (NASDAQ:FFIV) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 98.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,234 shares of the network technology company's stock after selling 308,884 shares during the period. Pacer Advisors Inc.'s holdings in F5 were worth $937,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MetLife Investment Management LLC raised its stake in F5 by 23.9% in the first quarter. MetLife Investment Management LLC now owns 16,515 shares of the network technology company's stock worth $3,451,000 after buying an additional 3,190 shares in the last quarter. Panagora Asset Management Inc. grew its position in F5 by 140.0% during the 1st quarter. Panagora Asset Management Inc. now owns 4,503 shares of the network technology company's stock valued at $941,000 after purchasing an additional 2,627 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of F5 by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 394,157 shares of the network technology company's stock valued at $82,367,000 after buying an additional 5,214 shares during the last quarter. Sei Investments Co. raised its holdings in F5 by 16.2% in the 1st quarter. Sei Investments Co. now owns 67,717 shares of the network technology company's stock worth $14,067,000 after acquiring an additional 9,454 shares during the last quarter. Finally, Prudential PLC bought a new position in F5 in the 1st quarter valued at approximately $327,000. Institutional investors own 90.66% of the company's stock.

Insider Buying and Selling

In other news, CFO Francis J. Pelzer sold 500 shares of the business's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $180.09, for a total value of $90,045.00. Following the sale, the chief financial officer now directly owns 31,508 shares in the company, valued at approximately $5,674,275.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Francis J. Pelzer sold 500 shares of the firm's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $180.09, for a total value of $90,045.00. Following the completion of the sale, the chief financial officer now directly owns 31,508 shares of the company's stock, valued at approximately $5,674,275.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 6,400 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $188.02, for a total value of $1,203,328.00. Following the transaction, the chief executive officer now directly owns 123,251 shares in the company, valued at approximately $23,173,653.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,751 shares of company stock worth $1,634,872. Insiders own 0.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FFIV. Barclays lifted their target price on F5 from $163.00 to $206.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 30th. The Goldman Sachs Group increased their target price on F5 from $156.00 to $179.00 and gave the company a "neutral" rating in a report on Tuesday, January 30th. KeyCorp upped their price target on shares of F5 from $186.00 to $204.00 and gave the company an "overweight" rating in a research report on Thursday, January 18th. Piper Sandler boosted their target price on shares of F5 from $170.00 to $187.00 and gave the company a "neutral" rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $204.00 target price on shares of F5 in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, F5 currently has an average rating of "Hold" and a consensus target price of $185.00.

F5 Price Performance

Shares of F5 stock traded up $1.94 during trading on Wednesday, reaching $191.47. 404,384 shares of the stock traded hands, compared to its average volume of 446,147. F5, Inc. has a 52-week low of $127.05 and a 52-week high of $199.49. The business has a fifty day simple moving average of $187.38 and a two-hundred day simple moving average of $173.21. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 2.80 and a beta of 1.11.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings results on Monday, January 29th. The network technology company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.39. The business had revenue of $693.00 million during the quarter, compared to analysts' expectations of $684.77 million. F5 had a return on equity of 20.81% and a net margin of 16.43%. The firm's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. On average, research analysts predict that F5, Inc. will post 9.58 earnings per share for the current fiscal year.

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.