OMERS ADMINISTRATION Corp Sells 4,487 Shares of F5, Inc. (NASDAQ:FFIV)

OMERS ADMINISTRATION Corp reduced its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 35.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,079 shares of the network technology company's stock after selling 4,487 shares during the period. OMERS ADMINISTRATION Corp's holdings in F5 were worth $2,032,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Crowley Wealth Management Inc. acquired a new position in F5 during the fourth quarter valued at approximately $35,000. Hurley Capital LLC purchased a new position in shares of F5 in the 4th quarter valued at $43,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 49 shares during the period. Smithfield Trust Co acquired a new position in shares of F5 during the 4th quarter valued at $57,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in F5 during the 4th quarter worth $60,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler raised their price objective on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. StockNews.com upgraded F5 from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Barclays reduced their price target on F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Bank of America increased their price objective on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $290.00 target price on shares of F5 in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $282.56.

Insider Activity at F5

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the transaction, the chief executive officer now directly owns 148,647 shares in the company, valued at approximately $39,446,454.39. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the transaction, the executive vice president now owns 20,075 shares of the company's stock, valued at approximately $5,885,588.50. This trade represents a 14.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,305 shares of company stock valued at $2,561,360. 0.52% of the stock is owned by corporate insiders.

F5 Stock Up 0.7%

Shares of NASDAQ FFIV traded up $2.14 during mid-day trading on Wednesday, hitting $289.04. 70,088 shares of the company traded hands, compared to its average volume of 571,244. F5, Inc. has a 1 year low of $164.45 and a 1 year high of $313.00. The stock has a market capitalization of $16.60 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.85 and a beta of 1.00. The business has a 50 day moving average of $265.82 and a two-hundred day moving average of $266.83.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.31. The company had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. The company's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.91 EPS. As a group, research analysts anticipate that F5, Inc. will post 11.2 EPS for the current year.

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.