Federated Hermes Inc. Decreases Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Federated Hermes Inc. lessened its holdings in F5, Inc. (NASDAQ:FFIV) by 62.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,755 shares of the network technology company’s stock after selling 13,098 shares during the period. Federated Hermes Inc.’s holdings in F5 were worth $1,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ameriprise Financial Inc. raised its position in F5 by 13.3% in the third quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock valued at $292,001,000 after purchasing an additional 212,784 shares during the period. Westfield Capital Management Co. LP raised its holdings in shares of F5 by 6.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 748,118 shares of the network technology company’s stock valued at $120,552,000 after buying an additional 44,758 shares during the period. Northern Trust Corp lifted its position in F5 by 6.6% during the 3rd quarter. Northern Trust Corp now owns 709,879 shares of the network technology company’s stock worth $114,390,000 after acquiring an additional 43,704 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in F5 by 203.5% in the 3rd quarter. Acadian Asset Management LLC now owns 484,516 shares of the network technology company’s stock worth $78,052,000 after acquiring an additional 324,886 shares during the period. Finally, Retirement Systems of Alabama grew its position in F5 by 42.0% in the third quarter. Retirement Systems of Alabama now owns 370,910 shares of the network technology company’s stock valued at $59,768,000 after acquiring an additional 109,666 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Stock Up 0.1 %

NASDAQ:FFIV opened at $182.13 on Tuesday. The company has a market cap of $10.71 billion, a PE ratio of 23.68, a P/E/G ratio of 2.68 and a beta of 1.11. The business’s 50 day moving average is $187.66 and its two-hundred day moving average is $176.72. F5, Inc. has a 52 week low of $129.93 and a 52 week high of $199.49.

F5 (NASDAQ:FFIV) last posted its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.03. The business had revenue of $681.00 million for the quarter, compared to analyst estimates of $685.47 million. F5 had a return on equity of 20.81% and a net margin of 16.43%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 EPS. As a group, sell-side analysts expect that F5, Inc. will post 9.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FFIV shares. Needham & Company LLC reissued a “buy” rating and set a $220.00 target price on shares of F5 in a research report on Tuesday, February 13th. Piper Sandler raised their target price on F5 from $170.00 to $187.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Barclays lifted their target price on F5 from $163.00 to $206.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group increased their price target on F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $204.00 price objective on shares of F5 in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $192.22.

Insider Transactions at F5

In related news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $178.81, for a total transaction of $89,405.00. Following the sale, the chief financial officer now owns 31,290 shares in the company, valued at $5,594,964.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other F5 news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $178.81, for a total value of $89,405.00. Following the completion of the transaction, the chief financial officer now directly owns 31,290 shares in the company, valued at $5,594,964.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas Dean Fountain sold 851 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $183.06, for a total value of $155,784.06. Following the sale, the executive vice president now owns 15,008 shares in the company, valued at $2,747,364.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,201 shares of company stock worth $1,908,065. 0.58% of the stock is currently owned by insiders.

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.