Victory Capital Management Inc. Sells 5,341 Shares of F5, Inc. (NASDAQ:FFIV)

Victory Capital Management Inc. reduced its position in F5, Inc. (NASDAQ:FFIV) by 71.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,092 shares of the network technology company’s stock after selling 5,341 shares during the quarter. Victory Capital Management Inc.’s holdings in F5 were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FFIV. Millennium Management LLC boosted its holdings in shares of F5 by 582.2% in the 4th quarter. Millennium Management LLC now owns 643,449 shares of the network technology company’s stock worth $92,341,000 after purchasing an additional 549,127 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of F5 by 8.8% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 5,598,530 shares of the network technology company’s stock worth $815,650,000 after purchasing an additional 450,665 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of F5 by 15,626.7% in the 1st quarter. Pacer Advisors Inc. now owns 237,630 shares of the network technology company’s stock worth $34,620,000 after purchasing an additional 236,119 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of F5 by 110.6% in the 1st quarter. AQR Capital Management LLC now owns 390,579 shares of the network technology company’s stock worth $56,157,000 after purchasing an additional 205,111 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of F5 by 19.8% in the 1st quarter. First Trust Advisors LP now owns 1,075,970 shares of the network technology company’s stock worth $224,824,000 after purchasing an additional 178,042 shares in the last quarter. 89.89% of the stock is currently owned by hedge funds and other institutional investors.

F5 Stock Performance

Shares of NASDAQ:FFIV opened at $154.08 on Friday. F5, Inc. has a 52-week low of $127.05 and a 52-week high of $167.89. The firm has a market capitalization of $9.14 billion, a P/E ratio of 23.45, a P/E/G ratio of 3.04 and a beta of 1.03. The stock has a 50 day moving average price of $156.95 and a 200-day moving average price of $150.38.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Tuesday, October 24th. The network technology company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.29. F5 had a return on equity of 19.14% and a net margin of 14.04%. The company had revenue of $707.00 million during the quarter, compared to analyst estimates of $701.44 million. During the same quarter last year, the company earned $1.82 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts forecast that F5, Inc. will post 9.18 EPS for the current fiscal year.

Insider Activity at F5

In related news, EVP Ana Maria White sold 170 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $156.24, for a total transaction of $26,560.80. Following the completion of the transaction, the executive vice president now owns 38,656 shares of the company’s stock, valued at approximately $6,039,613.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other F5 news, EVP Scot Frazier Rogers sold 1,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $160.33, for a total transaction of $160,330.00. Following the sale, the executive vice president now directly owns 18,165 shares in the company, valued at approximately $2,912,394.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ana Maria White sold 170 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $156.24, for a total value of $26,560.80. Following the sale, the executive vice president now owns 38,656 shares in the company, valued at $6,039,613.44. The disclosure for this sale can be found here. Insiders sold a total of 5,849 shares of company stock valued at $948,607 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FFIV shares. Royal Bank of Canada dropped their target price on F5 from $173.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, October 25th. Barclays increased their target price on F5 from $162.00 to $163.00 and gave the company an “equal weight” rating in a report on Wednesday, October 25th. Needham & Company LLC dropped their target price on F5 from $180.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Bank of America cut F5 from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $165.00 to $160.00 in a report on Thursday, October 26th. Finally, StockNews.com began coverage on F5 in a report on Thursday, October 5th. They issued a “strong-buy” rating for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $167.75.

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 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.