Handelsbanken Fonder AB cut its stake in F5, Inc. (NASDAQ:FFIV – Get Rating) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,110 shares of the network technology company’s stock after selling 370 shares during the period. Handelsbanken Fonder AB’s holdings in F5 were worth $1,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in F5 during the third quarter worth $47,457,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of F5 during the 3rd quarter worth $28,193,000. First Trust Advisors LP grew its holdings in shares of F5 by 19.8% during the 1st quarter. First Trust Advisors LP now owns 1,075,970 shares of the network technology company’s stock worth $224,824,000 after purchasing an additional 178,042 shares during the period. New York State Common Retirement Fund grew its holdings in shares of F5 by 174.6% during the 3rd quarter. New York State Common Retirement Fund now owns 248,534 shares of the network technology company’s stock worth $35,970,000 after purchasing an additional 158,022 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in F5 by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,830,286 shares of the network technology company’s stock valued at $1,427,188,000 after acquiring an additional 96,873 shares during the period. 93.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages recently commented on FFIV. Royal Bank of Canada lowered their target price on F5 from $155.00 to $146.00 and set a “sector perform” rating for the company in a report on Thursday, April 20th. TD Cowen lowered their target price on F5 from $177.00 to $170.00 and set an “outperform” rating for the company in a report on Thursday, April 20th. KeyCorp lowered their target price on F5 from $182.00 to $179.00 and set an “overweight” rating for the company in a report on Thursday, April 20th. Barclays cut F5 from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $166.00 to $140.00 in a research note on Thursday, April 20th. Finally, Piper Sandler decreased their price objective on F5 from $156.00 to $143.00 and set a “neutral” rating for the company in a research note on Thursday, April 20th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, F5 presently has a consensus rating of “Hold” and an average target price of $166.13.
F5 Price Performance
F5 (NASDAQ:FFIV – Get Rating) last announced 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. F5 had a return on equity of 16.56% and a net margin of 11.74%. The company had revenue of $703.00 million during the quarter, compared to the consensus estimate of $699.18 million. During the same period in the prior year, the company earned $1.30 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts anticipate that F5, Inc. will post 7.8 EPS for the current year.
Insider Activity
In other news, EVP Chad Michael Whalen sold 259 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $142.12, for a total value of $36,809.08. Following the sale, the executive vice president now directly owns 13,683 shares of the company’s stock, valued at approximately $1,944,627.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Francois Locoh-Donou sold 2,201 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $144.90, for a total transaction of $318,924.90. Following the completion of the transaction, the chief executive officer now owns 108,622 shares of the company’s stock, valued at $15,739,327.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Chad Michael Whalen sold 259 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $142.12, for a total value of $36,809.08. Following the completion of the sale, the executive vice president now owns 13,683 shares of the company’s stock, valued at approximately $1,944,627.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,941 shares of company stock worth $1,381,622. Insiders own 0.60% of the company’s stock.
F5 Company Profile
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.
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