F5, Inc. (NASDAQ:FFIV) Shares Sold by Securian Asset Management Inc.

Posted by Defense World Staff on Apr 26th, 2023

Securian Asset Management Inc. reduced its stake in F5, Inc. (NASDAQ:FFIV – Get Rating) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,835 shares of the network technology company’s stock after selling 143 shares during the period. Securian Asset Management Inc.’s holdings in F5 were worth $694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in F5 in the third quarter worth approximately $30,000. Ronald Blue Trust Inc. bought a new stake in F5 during the fourth quarter valued at about $36,000. Wipfli Financial Advisors LLC bought a new stake in shares of F5 in the third quarter valued at about $43,000. Alaska Permanent Fund Corp lifted its stake in shares of F5 by 434.8% in the third quarter. Alaska Permanent Fund Corp now owns 353 shares of the network technology company’s stock valued at $51,000 after buying an additional 287 shares during the period. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in F5 in the third quarter worth about $55,000. 93.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on FFIV shares. Guggenheim started coverage on shares of F5 in a report on Monday, January 23rd. They issued a “neutral” rating for the company. StockNews.com assumed coverage on shares of F5 in a research note on Thursday, March 16th. They issued a “strong-buy” rating on the stock. TD Cowen lowered their price target on shares of F5 from $177.00 to $170.00 and set an “outperform” rating on the stock in a research note on Thursday, April 20th. Piper Sandler lowered their price objective on shares of F5 from $156.00 to $143.00 and set a “neutral” rating on the stock in a research note on Thursday, April 20th. Finally, Royal Bank of Canada cut their price objective on shares of F5 from $155.00 to $146.00 and set a “sector perform” rating for the company in a report on Thursday, April 20th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.13.

F5 Trading Down 2.5 %

Shares of F5 stock opened at $130.29 on Wednesday. The company’s fifty day simple moving average is $142.48 and its two-hundred day simple moving average is $144.82. The company has a market cap of $7.18 billion, a P/E ratio of 24.13, a PEG ratio of 1.88 and a beta of 1.09. F5, Inc. has a 12-month low of $127.05 and a 12-month high of $202.94.

F5 (NASDAQ:FFIV – Get Rating) last issued its quarterly earnings results on Wednesday, April 19th. The network technology company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.11. The company had revenue of $703.00 million during the quarter, compared to analyst estimates of $699.18 million. F5 had a net margin of 11.74% and a return on equity of 16.56%. F5’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business earned $1.30 EPS. Analysts predict that F5, Inc. will post 8.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CMO Mika Yamamoto sold 1,612 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $151.49, for a total value of $244,201.88. Following the completion of the transaction, the chief marketing officer now directly owns 8,357 shares in the company, valued at approximately $1,266,001.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Chad Michael Whalen sold 259 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $142.12, for a total transaction of $36,809.08. Following the sale, the executive vice president now owns 13,683 shares of the company’s stock, valued at approximately $1,944,627.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Mika Yamamoto sold 1,612 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $151.49, for a total transaction of $244,201.88. Following the completion of the transaction, the chief marketing officer now directly owns 8,357 shares in the company, valued at approximately $1,266,001.93. The disclosure for this sale can be found here. Insiders sold a total of 10,140 shares of company stock worth $1,507,816 in the last three months. 0.60% of the stock is owned by corporate insiders.

F5 Company Profile

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F5, Inc engages development and provision of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company was founded on February 26, 1996, and is headquartered in Seattle, WA.