Banco Bilbao Vizcaya Argentaria S.A. reduced its position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,634 shares of the network technology company’s stock after selling 337 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in F5 were worth $4,013,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC grew its holdings in shares of F5 by 275.0% in the second quarter. Whipplewood Advisors LLC now owns 90 shares of the network technology company’s stock valued at $26,000 after purchasing an additional 66 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in F5 by 134.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company’s stock worth $27,000 after purchasing an additional 59 shares during the period. Groupe la Francaise acquired a new position in F5 in the 1st quarter valued at about $34,000. Flaharty Asset Management LLC purchased a new stake in shares of F5 in the 1st quarter valued at approximately $35,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of F5 by 288.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock valued at $43,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.
F5 Stock Performance
Shares of F5 stock opened at $234.00 on Friday. The stock has a market capitalization of $13.44 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 7.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.56 and a quick ratio of 1.56. The business has a 50-day moving average of $300.90 and a 200 day moving average of $298.42. F5, Inc. has a 12 month low of $227.04 and a 12 month high of $346.00.
Wall Street Analyst Weigh In
Several research firms have recently commented on FFIV. JPMorgan Chase & Co. reduced their price target on shares of F5 from $320.00 to $295.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Bank of America cut their target price on F5 from $260.00 to $250.00 and set an “underperform” rating for the company in a research note on Tuesday, October 28th. Zacks Research downgraded F5 from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Barclays lowered their price target on F5 from $321.00 to $267.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Finally, Piper Sandler cut their price objective on F5 from $355.00 to $277.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $295.56.
Check Out Our Latest Research Report on F5
Insider Buying and Selling at F5
In other news, insider Lyra Amber Schramm sold 1,062 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $246.97, for a total value of $262,282.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Chad Michael Whalen sold 9,436 shares of F5 stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $249.77, for a total value of $2,356,829.72. Following the completion of the transaction, the executive vice president owned 25,641 shares of the company’s stock, valued at approximately $6,404,352.57. This trade represents a 26.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,117 shares of company stock valued at $6,297,504 in the last quarter. Corporate insiders own 0.52% of the company’s stock.
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.
Further Reading
- Five stocks we like better than F5
- Value Investing: Is it a Good Strategy in 2022? (Hint: Always)
- Meta’s Pain May Be Your Gain: Is This a Rare Buying Window?
- Find and Profitably Trade Stocks at 52-Week Lows
- 3 Under-the-Radar AI Stocks to Buy on the Dip
- Bank Stocks – Best Bank Stocks to Invest In
- Your Thanksgiving Playbook: 3 Stocks Set to Benefit From Football Fever
Want to see what other hedge funds are holding FFIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F5, Inc. (NASDAQ:FFIV – Free Report).
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.
