F5, Inc. (NASDAQ:FFIV) Stock Holdings Decreased by Tidal Investments LLC

Tidal Investments LLC lowered its stake in F5, Inc. (NASDAQ:FFIV) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,935 shares of the network technology company’s stock after selling 890 shares during the period. Tidal Investments LLC’s holdings in F5 were worth $3,001,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FFIV. Crowley Wealth Management Inc. bought a new stake in shares of F5 during the 4th quarter valued at about $35,000. Hurley Capital LLC bought a new stake in shares of F5 during the 4th quarter valued at about $43,000. EverSource Wealth Advisors LLC grew its position 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 valued at $51,000 after buying an additional 49 shares during the last quarter. Smithfield Trust Co bought a new stake in shares of F5 during the 4th quarter valued at about $57,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of F5 during the 4th quarter valued at about $60,000. Institutional investors own 90.66% of the company’s stock.

Insider Transactions at F5

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 directly owns 148,647 shares of the company’s stock, valued at approximately $39,446,454.39. This represents a 0.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $1,022,025.48. Following the completion of the sale, the executive vice president now directly owns 20,075 shares of the company’s stock, valued at approximately $5,885,588.50. This represents a 14.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,305 shares of company stock valued at $2,561,360. Company insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FFIV shares. Bank of America boosted their price objective on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their target price on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. William Blair reissued an “outperform” rating on shares of F5 in a research note on Tuesday, April 29th. Morgan Stanley boosted their target price on shares of F5 from $269.00 to $280.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $320.00 target price on shares of F5 in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and a consensus target price of $282.56.

F5 Stock Down 0.2%

F5 stock opened at $286.26 on Thursday. The firm has a 50-day moving average price of $266.29 and a two-hundred day moving average price of $266.97. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 3.85 and a beta of 1.00. F5, Inc. has a 52-week low of $164.45 and a 52-week high of $313.00.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.31. The company had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.91 EPS. Research analysts expect that F5, Inc. will post 11.2 earnings per share for the current 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.