F5, Inc. (NASDAQ:FFIV) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its holdings in F5, Inc. (NASDAQ:FFIV) by 28.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,270 shares of the network technology company’s stock after selling 5,228 shares during the quarter. IFM Investors Pty Ltd’s holdings in F5 were worth $2,516,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FFIV. Atlantic Edge Private Wealth Management LLC acquired a new position in F5 during the fourth quarter worth $25,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of F5 in the 4th quarter worth about $34,000. Washington Trust Advisors Inc. acquired a new stake in F5 in the 4th quarter valued at about $36,000. Register Financial Advisors LLC acquired a new stake in F5 in the 1st quarter valued at about $38,000. Finally, Addison Advisors LLC increased its holdings in F5 by 36.1% during the 3rd quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock valued at $45,000 after acquiring an additional 74 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analysts Set New Price Targets

FFIV has been the topic of several recent research reports. KeyCorp upped their price target on shares of F5 from $186.00 to $204.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $204.00 target price on shares of F5 in a report on Friday, February 9th. The Goldman Sachs Group boosted their price target on F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of F5 in a research note on Tuesday, February 13th. Finally, Barclays lifted their price objective on F5 from $163.00 to $206.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $192.22.

Insider Transactions at F5

In related news, EVP Thomas Dean Fountain sold 851 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06. Following the completion of the sale, the executive vice president now owns 15,008 shares of the company’s stock, valued at approximately $2,747,364.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of the 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 sale, the chief financial officer now owns 31,290 shares of the company’s stock, valued at $5,594,964.90. The disclosure for this sale can be found here. Insiders have sold a total of 10,201 shares of company stock worth $1,908,065 in the last three months. 0.58% of the stock is currently owned by company insiders.

F5 Price Performance

FFIV stock traded up $0.09 on Friday, hitting $181.94. 391,847 shares of the company were exchanged, compared to its average volume of 371,714. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.67 and a beta of 1.11. The business’s fifty day moving average is $187.66 and its two-hundred day moving average is $176.26. F5, Inc. has a twelve month low of $129.93 and a twelve month high of $199.49.

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

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 distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.