US Bancorp DE Reduces Stake in F5, Inc. (NASDAQ:FFIV)

US Bancorp DE cut its holdings in shares of F5, Inc. (NASDAQ:FFIVFree Report) by 10.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,075 shares of the network technology company’s stock after selling 1,045 shares during the quarter. US Bancorp DE’s holdings in F5 were worth $1,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its position in F5 by 9.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 61,801 shares of the network technology company’s stock valued at $11,061,000 after purchasing an additional 5,577 shares during the period. True Wealth Design LLC lifted its holdings in shares of F5 by 268,450.0% in the 3rd quarter. True Wealth Design LLC now owns 5,371 shares of the network technology company’s stock valued at $865,000 after buying an additional 5,369 shares during the period. Ontario Teachers Pension Plan Board grew its holdings in F5 by 133.9% during the third quarter. Ontario Teachers Pension Plan Board now owns 10,530 shares of the network technology company’s stock worth $1,697,000 after acquiring an additional 6,028 shares during the period. Dai ichi Life Insurance Company Ltd purchased a new position in F5 during the fourth quarter valued at approximately $6,116,000. Finally, Dimensional Fund Advisors LP lifted its holdings in F5 by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 517,948 shares of the network technology company’s stock valued at $92,704,000 after acquiring an additional 49,562 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FFIV shares. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 target price on shares of F5 in a report on Tuesday, April 30th. Royal Bank of Canada cut their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised their target price on F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Barclays dropped their target price on F5 from $206.00 to $189.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 30th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $167.00 price target (down previously from $187.00) on shares of F5 in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $185.10.

Read Our Latest Analysis on FFIV

F5 Stock Performance

Shares of FFIV opened at $168.97 on Friday. F5, Inc. has a one year low of $142.16 and a one year high of $199.49. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.24 and a beta of 1.14. The stock has a 50 day moving average price of $178.65 and a 200 day moving average price of $179.45.

F5 (NASDAQ:FFIVGet Free Report) last announced its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.03. The company had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $685.47 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.70 EPS. On average, analysts predict that F5, Inc. will post 9.64 earnings per share for the current year.

Insider Buying and Selling at F5

In other news, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $188.85, for a total value of $273,832.50. Following the completion of the sale, the chief executive officer now directly owns 121,801 shares in the company, valued at $23,002,118.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $188.85, for a total transaction of $273,832.50. Following the transaction, the chief executive officer now owns 121,801 shares in the company, valued at approximately $23,002,118.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the sale, the chief financial officer now directly owns 31,790 shares of the company’s stock, valued at approximately $6,012,124.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,751 shares of company stock worth $844,125. Insiders own 0.58% of the company’s stock.

F5 Profile

(Free Report)

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.

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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