Centiva Capital LP Sells 2,248 Shares of F5, Inc. (NASDAQ:FFIV)

Centiva Capital LP decreased its position in shares of F5, Inc. (NASDAQ:FFIV) by 45.6% during the 4th quarter, Holdings Channel reports. The fund owned 2,683 shares of the network technology company’s stock after selling 2,248 shares during the quarter. Centiva Capital LP’s holdings in F5 were worth $675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors boosted its position in shares of F5 by 8.8% during the fourth quarter. Captrust Financial Advisors now owns 2,826 shares of the network technology company’s stock worth $711,000 after purchasing an additional 228 shares in the last quarter. Caxton Associates LP raised its stake in F5 by 141.7% during the 4th quarter. Caxton Associates LP now owns 6,636 shares of the network technology company’s stock worth $1,669,000 after buying an additional 3,891 shares during the period. Benjamin Edwards Inc. lifted its holdings in F5 by 194.7% during the fourth quarter. Benjamin Edwards Inc. now owns 3,548 shares of the network technology company’s stock worth $892,000 after acquiring an additional 2,344 shares in the last quarter. BNP Paribas Financial Markets grew its stake in F5 by 32.9% in the fourth quarter. BNP Paribas Financial Markets now owns 146,918 shares of the network technology company’s stock valued at $36,945,000 after acquiring an additional 36,379 shares during the period. Finally, AXA S.A. increased its holdings in shares of F5 by 17.0% in the fourth quarter. AXA S.A. now owns 15,115 shares of the network technology company’s stock worth $3,801,000 after acquiring an additional 2,192 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Insider Activity

In other F5 news, 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 sale, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the sale, the chief executive officer now directly owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,805 shares of company stock valued at $4,531,250. 0.52% of the stock is owned by insiders.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $273.14 on Friday. The company’s 50-day moving average price is $264.11 and its two-hundred day moving average price is $263.42. F5, Inc. has a one year low of $164.45 and a one year high of $313.00. The stock has a market capitalization of $15.75 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV) last released its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.31. The business 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%. F5’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.91 earnings per share. On average, analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FFIV shares. Morgan Stanley lifted their price objective on F5 from $269.00 to $280.00 and gave the company an “equal weight” rating in a report on Tuesday, April 29th. William Blair reaffirmed an “outperform” rating on shares of F5 in a research note on Tuesday, April 29th. The Goldman Sachs Group increased their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $320.00 price objective on shares of F5 in a research report on Tuesday, April 29th. Finally, StockNews.com cut F5 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, F5 presently has an average rating of “Hold” and a consensus price target of $282.56.

F5 Company 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.