Xponance Inc. Sells 907 Shares of F5, Inc. (NASDAQ:FFIV)

Xponance Inc. decreased its position in F5, Inc. (NASDAQ:FFIV) by 10.5% during the 4th quarter, Holdings Channel reports. The firm owned 7,731 shares of the network technology company’s stock after selling 907 shares during the period. Xponance Inc.’s holdings in F5 were worth $1,384,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FFIV. Acadian Asset Management LLC boosted its position in F5 by 203.5% during the 3rd quarter. Acadian Asset Management LLC now owns 484,516 shares of the network technology company’s stock valued at $78,052,000 after buying an additional 324,886 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of F5 by 13.3% during the third quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock worth $292,001,000 after purchasing an additional 212,784 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of F5 by 3,545.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 172,977 shares of the network technology company’s stock worth $27,874,000 after purchasing an additional 168,232 shares during the last quarter. Retirement Systems of Alabama increased its holdings in F5 by 42.0% during the 3rd quarter. Retirement Systems of Alabama now owns 370,910 shares of the network technology company’s stock valued at $59,768,000 after purchasing an additional 109,666 shares during the period. Finally, Comerica Bank bought a new position in F5 during the 3rd quarter valued at approximately $15,350,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Thomas Dean Fountain sold 851 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06. Following the sale, the executive vice president now directly owns 15,008 shares of the company’s stock, valued at approximately $2,747,364.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $183.06, for a total value of $155,784.06. Following the completion of the transaction, the executive vice president now directly owns 15,008 shares in the company, valued at approximately $2,747,364.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $182.31, for a total value of $91,155.00. Following the sale, the chief financial officer now owns 32,290 shares in the company, valued at $5,886,789.90. The disclosure for this sale can be found here. Insiders sold 10,201 shares of company stock worth $1,908,065 over the last three months. 0.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FFIV shares. Piper Sandler lifted their price objective on F5 from $170.00 to $187.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. KeyCorp raised their price target on F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. boosted their price objective on shares of F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Needham & Company LLC restated a “buy” rating and issued a $220.00 price objective on shares of F5 in a report on Tuesday, February 13th. Finally, The Goldman Sachs Group lifted their target price on shares of F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, F5 has a consensus rating of “Hold” and an average target price of $192.22.

F5 Stock Performance

Shares of FFIV opened at $182.35 on Thursday. F5, Inc. has a fifty-two week low of $129.93 and a fifty-two week high of $199.49. The firm’s 50-day simple moving average is $187.70 and its two-hundred day simple moving average is $176.04. The stock has a market cap of $10.72 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11.

F5 (NASDAQ:FFIV) last posted its quarterly earnings results on Monday, January 29th. The network technology company reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.39. The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $684.77 million. F5 had a return on equity of 20.81% and a net margin of 16.43%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 EPS. Equities research analysts predict that F5, Inc. will post 9.59 EPS 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.