Point72 Asset Management L.P. Trims Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Point72 Asset Management L.P. trimmed its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 24.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,105 shares of the network technology company's stock after selling 38,252 shares during the period. Point72 Asset Management L.P. owned 0.21% of F5 worth $30,454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its position in F5 by 457.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company's stock worth $7,899,000 after buying an additional 25,748 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of F5 by 3.9% during the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company's stock valued at $48,991,000 after acquiring an additional 7,341 shares during the period. Fisher Asset Management LLC increased its holdings in F5 by 163.3% in the 4th quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company's stock worth $20,121,000 after acquiring an additional 49,629 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in F5 during the 4th quarter worth approximately $5,856,000. Finally, Synergy Asset Management LLC lifted its holdings in F5 by 100.0% during the fourth quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company's stock valued at $525,000 after purchasing an additional 1,112 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

F5 Trading Down 0.6%

FFIV traded down $1.62 during midday trading on Thursday, hitting $284.64. 83,468 shares of the company were exchanged, compared to its average volume of 570,885. F5, Inc. has a 1-year low of $164.45 and a 1-year high of $313.00. The firm has a market capitalization of $16.35 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00. The company's 50 day simple moving average is $266.29 and its 200 day simple moving average is $266.97.

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 analysts' consensus estimates of $3.11 by $0.31. The firm had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. F5 had a return on equity of 20.98% and a net margin of 20.58%. The business's revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.91 EPS. On average, equities analysts anticipate that F5, Inc. will post 11.2 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FFIV shares. Needham & Company LLC reissued a "buy" rating and issued a $320.00 price objective on shares of F5 in a research note on Tuesday, April 29th. The Goldman Sachs Group raised their price target on F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Barclays lowered their price objective 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. William Blair reiterated an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $290.00 price target on shares of F5 in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, F5 has an average rating of "Hold" and a consensus target price of $282.56.

Insider Buying and Selling

In related news, Director Marianne Budnik sold 1,872 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the sale, the director now directly owns 1,207 shares of the company's stock, valued at approximately $314,689.04. This represents a 60.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scot Frazier Rogers sold 3,486 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the transaction, the executive vice president now owns 20,075 shares in the company, 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. Insiders sold 9,305 shares of company stock valued at $2,561,360 in the last three months. 0.52% of the stock is owned by corporate insiders.

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.