Point72 Asset Management L.P. Has $30.45 Million Holdings in F5, Inc. (NASDAQ:FFIV)

Point72 Asset Management L.P. cut its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 24.0% during the 4th quarter, according to its most recent 13F 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 quarter. Point72 Asset Management L.P. owned approximately 0.21% of F5 worth $30,454,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Crowley Wealth Management Inc. bought a new stake in F5 during the fourth quarter worth about $35,000. Hurley Capital LLC bought a new stake in shares of F5 during the 4th quarter worth approximately $43,000. EverSource Wealth Advisors LLC raised its stake in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after purchasing an additional 49 shares in the last quarter. Smithfield Trust Co acquired a new stake in shares of F5 in the 4th quarter valued at approximately $57,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of F5 in the fourth quarter valued at $60,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Thomas Dean Fountain sold 1,347 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $269.03, for a total value of $362,383.41. Following the completion of the transaction, the executive vice president now owns 20,660 shares of the company's stock, valued at $5,558,159.80. The trade was a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the sale, the executive vice president now directly owns 20,075 shares of the company's stock, valued at $5,885,588.50. This represents a 14.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,305 shares of company stock worth $2,561,360. Corporate insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on FFIV. Piper Sandler upped their price target on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. StockNews.com raised shares of F5 from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. cut their target price on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. William Blair reissued an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group upped their price objective on F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $282.56.

F5 Stock Down 0.2%

Shares of F5 stock traded down $0.64 on Wednesday, hitting $286.26. The stock had a trading volume of 436,315 shares, compared to its average volume of 572,700. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00. F5, Inc. has a twelve month low of $164.45 and a twelve month high of $313.00. The business's 50 day moving average is $265.82 and its two-hundred day moving average is $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 analysts' consensus estimates of $3.11 by $0.31. F5 had a net margin of 20.58% and a return on equity of 20.98%. The company had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. During the same quarter in the previous year, the business posted $2.91 earnings per share. F5's quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities analysts predict that F5, Inc. will post 11.2 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.