F5, Inc. (NASDAQ:FFIV) Shares Sold by Covestor Ltd

Covestor Ltd lowered its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 16.5% in the first quarter, Holdings Channel reports. The firm owned 517 shares of the network technology company’s stock after selling 102 shares during the quarter. Covestor Ltd’s holdings in F5 were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its stake in shares of F5 by 3.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company’s stock worth $240,000 after acquiring an additional 34 shares during the period. Colonial Trust Co SC lifted its stake in shares of F5 by 5.2% in the 4th quarter. Colonial Trust Co SC now owns 685 shares of the network technology company’s stock worth $172,000 after acquiring an additional 34 shares during the period. Spire Wealth Management lifted its stake in shares of F5 by 11.9% in the 1st quarter. Spire Wealth Management now owns 451 shares of the network technology company’s stock worth $120,000 after acquiring an additional 48 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of F5 by 134.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company’s stock worth $27,000 after acquiring an additional 59 shares during the period. Finally, Townsquare Capital LLC lifted its stake in shares of F5 by 3.2% in the 4th quarter. Townsquare Capital LLC now owns 2,098 shares of the network technology company’s stock worth $528,000 after acquiring an additional 66 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Ratings Changes

FFIV has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on shares of F5 in a report on Monday, July 7th. They issued an “outperform” rating for the company. Needham & Company LLC increased their price target on shares of F5 from $320.00 to $345.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price target on shares of F5 from $314.00 to $326.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Barclays increased their price target on shares of F5 from $274.00 to $321.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, William Blair reiterated an “outperform” rating on shares of F5 in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $309.89.

F5 Stock Up 1.4%

Shares of FFIV stock opened at $321.77 on Monday. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 3.76 and a beta of 1.03. F5, Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $334.00. The firm’s 50 day moving average price is $298.24 and its two-hundred day moving average price is $284.48.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.67. The firm had revenue of $780.37 million for the quarter, compared to analysts’ expectations of $750.64 million. F5 had a net margin of 22.06% and a return on equity of 21.77%. F5’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.36 earnings per share. On average, equities analysts forecast that F5, Inc. will post 11.2 EPS for the current fiscal year.

Insider Buying and Selling at F5

In other news, EVP Thomas Dean Fountain sold 1,347 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $309.73, for a total transaction of $417,206.31. Following the transaction, the executive vice president directly owned 20,699 shares of the company’s stock, valued at approximately $6,411,101.27. The trade was a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael L. Dreyer sold 1,800 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total transaction of $514,728.00. Following the transaction, the director directly owned 4,376 shares in the company, valued at approximately $1,251,360.96. The trade was a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,519 shares of company stock valued at $2,520,097. 0.52% of the stock is owned by company insiders.

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.