F5, Inc. (NASDAQ:FFIV) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 69,234 shares of the network technology company's stock after selling 10,376 shares during the quarter. Vontobel Holding Ltd. owned about 0.12% of F5 worth $12,392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC lifted its position in F5 by 268,450.0% during the third quarter. True Wealth Design LLC now owns 5,371 shares of the network technology company's stock valued at $865,000 after purchasing an additional 5,369 shares during the last quarter. Ontario Teachers Pension Plan Board raised its stake in shares of F5 by 133.9% in the third quarter. Ontario Teachers Pension Plan Board now owns 10,530 shares of the network technology company's stock valued at $1,697,000 after acquiring an additional 6,028 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of F5 in the third quarter valued at $438,000. New York Life Investment Management LLC raised its stake in shares of F5 by 25.4% in the third quarter. New York Life Investment Management LLC now owns 15,092 shares of the network technology company's stock valued at $2,432,000 after acquiring an additional 3,061 shares during the period. Finally, Addison Advisors LLC raised its stake in shares of F5 by 36.1% in the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company's stock valued at $45,000 after acquiring an additional 74 shares during the period. Institutional investors own 90.66% of the company's stock.

F5 Trading Down 0.4 %

NASDAQ:FFIV traded down $0.72 during mid-day trading on Tuesday, hitting $183.06. The stock had a trading volume of 244,067 shares, compared to its average volume of 435,574. F5, Inc. has a twelve month low of $127.05 and a twelve month high of $199.49. The stock has a 50-day simple moving average of $188.27 and a two-hundred day simple moving average of $175.23. The company has a market capitalization of $10.77 billion, a PE ratio of 23.80, a PEG ratio of 2.77 and a beta of 1.11.

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

Insider Buying and Selling

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $188.85, for a total transaction of $273,832.50. Following the completion of the sale, the chief executive officer now owns 121,801 shares in the company, valued at approximately $23,002,118.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Francis J. Pelzer sold 500 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the sale, the chief financial officer now owns 31,790 shares in the company, valued at $6,012,124.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $188.85, for a total transaction of $273,832.50. Following the completion of the transaction, the chief executive officer now owns 121,801 shares in the company, valued at $23,002,118.85. The disclosure for this sale can be found here. Insiders have sold 10,201 shares of company stock worth $1,908,705 in the last quarter. 0.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. KeyCorp raised their price target on shares of F5 from $186.00 to $204.00 and gave the stock an "overweight" rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. raised their target price on shares of F5 from $197.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Needham & Company LLC reissued a "buy" rating and set a $220.00 target price on shares of F5 in a research report on Tuesday, February 13th. The Goldman Sachs Group raised their target price on shares of F5 from $156.00 to $179.00 and gave the company a "neutral" rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $204.00 price target on shares of F5 in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $186.82.

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.