F5, Inc. (NASDAQ:FFIV) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lessened its stake in shares of F5, Inc. (NASDAQ:FFIVFree Report) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,911 shares of the network technology company’s stock after selling 77 shares during the period. First Trust Direct Indexing L.P.’s holdings in F5 were worth $362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of FFIV. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of F5 during the 4th quarter worth about $25,000. Pacific Capital Wealth Advisors Inc. purchased a new position in F5 in the 4th quarter worth approximately $34,000. Washington Trust Advisors Inc. purchased a new position in F5 in the 4th quarter worth approximately $36,000. Register Financial Advisors LLC purchased a new position in F5 in the 1st quarter worth approximately $38,000. Finally, Janiczek Wealth Management LLC lifted its stake in F5 by 56.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock worth $46,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Stock Performance

F5 stock opened at $171.63 on Monday. F5, Inc. has a fifty-two week low of $142.16 and a fifty-two week high of $199.49. The firm has a 50 day moving average price of $169.81 and a 200 day moving average price of $179.22. The company has a market capitalization of $10.06 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 2.28 and a beta of 1.08.

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

Analyst Upgrades and Downgrades

FFIV has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of F5 in a research note on Tuesday, April 30th. Evercore ISI decreased their target price on shares of F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 30th. JPMorgan Chase & Co. raised their target price on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Royal Bank of Canada reduced their price target on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 30th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $167.00 price target (down previously from $187.00) on shares of F5 in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, F5 presently has a consensus rating of “Hold” and a consensus price target of $185.10.

Read Our Latest Stock Report on F5

Insiders Place Their Bets

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total value of $249,327.50. Following the completion of the transaction, the chief executive officer now owns 121,462 shares in the company, valued at $20,885,390.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were 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 owns 31,290 shares in the company, valued at $5,594,964.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total transaction of $249,327.50. Following the transaction, the chief executive officer now owns 121,462 shares of the company’s stock, valued at approximately $20,885,390.90. The disclosure for this sale can be found here. Insiders sold a total of 11,766 shares of company stock worth $1,992,195 over the last 90 days. Corporate insiders own 0.58% of the company’s stock.

F5 Company 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.

Featured Articles

Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter.