IFM Investors Pty Ltd Sells 5,228 Shares of F5, Inc. (NASDAQ:FFIV)

IFM Investors Pty Ltd lowered its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 28.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,270 shares of the network technology company's stock after selling 5,228 shares during the quarter. IFM Investors Pty Ltd's holdings in F5 were worth $2,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC bought a new stake in F5 in the 4th quarter valued at $25,000. Pacific Capital Wealth Advisors Inc. bought a new stake in F5 in the 4th quarter valued at $34,000. Washington Trust Advisors Inc. bought a new stake in F5 in the 4th quarter valued at $36,000. Register Financial Advisors LLC bought a new stake in F5 in the 1st quarter valued at $38,000. Finally, Addison Advisors LLC increased its holdings in F5 by 36.1% in the 3rd quarter. Addison Advisors LLC now owns 279 shares of the network technology company's stock valued at $45,000 after buying an additional 74 shares during the period. Institutional investors own 90.66% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 target price on shares of F5 in a report on Tuesday, February 13th. Barclays upped their target price on shares of F5 from $163.00 to $206.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 30th. 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. KeyCorp upped their target price on shares of F5 from $186.00 to $204.00 and gave the stock an "overweight" rating in a report on Thursday, January 18th. Finally, Piper Sandler upped their target price on shares of F5 from $170.00 to $187.00 and gave the stock a "neutral" rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $192.22.

F5 Trading Up 0.0 %

NASDAQ FFIV traded up $0.09 on Friday, hitting $181.94. 391,847 shares of the company were exchanged, compared to its average volume of 371,714. The firm has a 50 day moving average of $187.66 and a two-hundred day moving average of $176.39. The company has a market cap of $10.70 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.67 and a beta of 1.11. F5, Inc. has a 1-year low of $129.93 and a 1-year high of $199.49.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Monday, January 29th. The network technology company reported $3.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.04 by $0.39. F5 had a net margin of 16.43% and a return on equity of 20.81%. The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $684.77 million. During the same period in the prior year, the company posted $1.65 EPS. The company's revenue was down 1.0% compared to the same quarter last year. Research analysts anticipate that F5, Inc. will post 9.59 EPS for the current fiscal year.

Insider Buying and Selling at F5

In other F5 news, CFO Francis J. Pelzer sold 500 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total transaction of $94,560.00. Following the transaction, the chief financial officer now directly owns 31,790 shares in the company, valued at approximately $6,012,124.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total value of $94,560.00. Following the sale, the chief financial officer now directly owns 31,790 shares in the company, valued at approximately $6,012,124.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction that occurred 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 $23,002,118.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,201 shares of company stock worth $1,908,065. Company insiders own 0.58% of the company's stock.

About F5

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.