F5, Inc. (NASDAQ:FFIV) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its stake in F5, Inc. (NASDAQ:FFIVGet Rating) by 25.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,480 shares of the network technology company’s stock after selling 2,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in F5 were worth $1,083,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Brinker Capital Investments LLC grew its holdings in shares of F5 by 1.1% in the 1st quarter. Brinker Capital Investments LLC now owns 6,342 shares of the network technology company’s stock worth $1,325,000 after acquiring an additional 70 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of F5 by 9.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 922 shares of the network technology company’s stock worth $141,000 after acquiring an additional 78 shares during the last quarter. CWM LLC grew its holdings in shares of F5 by 25.6% in the 2nd quarter. CWM LLC now owns 387 shares of the network technology company’s stock worth $59,000 after acquiring an additional 79 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of F5 by 3.1% in the 2nd quarter. Cetera Investment Advisers now owns 2,971 shares of the network technology company’s stock worth $455,000 after acquiring an additional 88 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of F5 by 6.0% in the 2nd quarter. Stephens Inc. AR now owns 1,795 shares of the network technology company’s stock worth $275,000 after acquiring an additional 102 shares during the last quarter. 93.34% of the stock is currently owned by institutional investors and hedge funds.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $143.94 on Wednesday. F5, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $245.59. The business has a 50-day moving average of $146.45 and a two-hundred day moving average of $151.99. The stock has a market capitalization of $8.69 billion, a P/E ratio of 27.21, a P/E/G ratio of 1.65 and a beta of 1.09.

F5 (NASDAQ:FFIVGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The network technology company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.12. F5 had a return on equity of 17.67% and a net margin of 11.95%. The company had revenue of $700.03 million during the quarter, compared to analysts’ expectations of $692.17 million. As a group, research analysts expect that F5, Inc. will post 8.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FFIV shares. Credit Suisse Group lifted their target price on F5 from $169.00 to $173.00 and gave the stock a “neutral” rating in a report on Wednesday, October 26th. Needham & Company LLC decreased their target price on F5 from $303.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Evercore ISI decreased their target price on F5 to $155.00 in a research report on Thursday, October 20th. Piper Sandler decreased their target price on F5 from $173.00 to $164.00 and set a “neutral” rating for the company in a research report on Wednesday, October 26th. Finally, Royal Bank of Canada decreased their target price on F5 from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 26th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $191.15.

Insiders Place Their Bets

In other F5 news, EVP Ana Maria White sold 170 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $149.95, for a total value of $25,491.50. Following the completion of the sale, the executive vice president now owns 36,250 shares of the company’s stock, valued at $5,435,687.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Ana Maria White sold 170 shares of F5 stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $149.95, for a total value of $25,491.50. Following the transaction, the executive vice president now directly owns 36,250 shares in the company, valued at $5,435,687.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 8,505 shares of F5 stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $152.26, for a total value of $1,294,971.30. Following the completion of the transaction, the chief executive officer now owns 113,335 shares in the company, valued at $17,256,387.10. The disclosure for this sale can be found here. Insiders sold 25,521 shares of company stock valued at $3,747,006 over the last quarter. Insiders own 0.31% of the company’s stock.

F5 Company Profile

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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 multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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