Systematic Financial Management LP Sells 90 Shares of F5, Inc. (NASDAQ:FFIV)

Systematic Financial Management LP trimmed its position in F5, Inc. (NASDAQ:FFIV) by 0.5% during the 4th quarter, HoldingsChannel reports. The firm owned 16,705 shares of the network technology company’s stock after selling 90 shares during the quarter. Systematic Financial Management LP’s holdings in F5 were worth $4,201,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FFIV. Barclays PLC increased its holdings in shares of F5 by 1.4% in the third quarter. Barclays PLC now owns 144,572 shares of the network technology company’s stock worth $31,836,000 after purchasing an additional 2,008 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of F5 by 17.0% in the fourth quarter. Park Avenue Securities LLC now owns 1,090 shares of the network technology company’s stock worth $274,000 after purchasing an additional 158 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of F5 in the fourth quarter worth about $245,000. Avanza Fonder AB bought a new stake in shares of F5 in the fourth quarter worth about $1,041,000. Finally, Kera Capital Partners Inc. bought a new stake in shares of F5 in the fourth quarter worth about $272,000. 90.66% of the stock is owned by institutional investors.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $284.92 on Friday. F5, Inc. has a 1 year low of $164.45 and a 1 year high of $313.00. The business has a 50 day simple moving average of $264.83 and a two-hundred day simple moving average of $266.10. The firm has a market capitalization of $16.36 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV) 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. F5 had a return on equity of 20.98% and a net margin of 20.58%. The business had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. During the same quarter in the previous year, the business earned $2.91 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts expect that F5, Inc. will post 11.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on FFIV. Morgan Stanley lifted their target price on F5 from $269.00 to $280.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 29th. Bank of America lifted their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. Barclays dropped their price target on F5 from $296.00 to $274.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. StockNews.com upgraded F5 from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $290.00 price target on shares of F5 in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $282.56.

Insider Buying and Selling at F5

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the sale, the chief executive officer now owns 148,647 shares in the company, valued at approximately $39,446,454.39. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marianne Budnik sold 1,872 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the sale, the director now owns 1,207 shares of the company’s stock, valued at $314,689.04. The trade was a 60.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,305 shares of company stock worth $2,561,360 over the last 90 days. Company insiders own 0.52% 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.