American International Group Inc. Sells 363 Shares of F5, Inc. (NASDAQ:FFIV)

Posted by Defense World Staff on Jun 6th, 2023

American International Group Inc. cut its holdings in shares of F5, Inc. (NASDAQ:FFIV – Get Rating) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,200 shares of the network technology company’s stock after selling 363 shares during the period. American International Group Inc.’s holdings in F5 were worth $2,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in F5 by 55.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 235 shares of the network technology company’s stock valued at $34,000 after purchasing an additional 84 shares during the period. Ronald Blue Trust Inc. bought a new stake in shares of F5 during the 4th quarter valued at about $36,000. Belpointe Asset Management LLC purchased a new position in shares of F5 during the fourth quarter valued at about $37,000. Edmond DE Rothschild Holding S.A. bought a new position in F5 in the third quarter worth about $55,000. Finally, Larson Financial Group LLC lifted its holdings in F5 by 20.1% in the fourth quarter. Larson Financial Group LLC now owns 442 shares of the network technology company’s stock worth $63,000 after buying an additional 74 shares during the period. Institutional investors own 93.34% of the company’s stock.

Insider Activity at F5

In other F5 news, EVP Chad Michael Whalen sold 280 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $140.00, for a total transaction of $39,200.00. Following the transaction, the executive vice president now owns 14,927 shares in the company, valued at approximately $2,089,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other F5 news, CEO Francois Locoh-Donou sold 2,201 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $132.00, for a total transaction of $290,532.00. Following the transaction, the chief executive officer now owns 110,538 shares in the company, valued at approximately $14,591,016. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Chad Michael Whalen sold 280 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $140.00, for a total transaction of $39,200.00. Following the transaction, the executive vice president now owns 14,927 shares in the company, valued at approximately $2,089,780. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,511 shares of company stock valued at $1,596,004. 0.60% of the stock is owned by insiders.

F5 Stock Performance

Shares of FFIV stock opened at $144.96 on Tuesday. F5, Inc. has a one year low of $127.05 and a one year high of $174.38. The company’s 50-day moving average is $140.65 and its 200 day moving average is $144.05. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 2.12 and a beta of 1.08.

F5 (NASDAQ:FFIV – Get Rating) last announced its quarterly earnings data on Wednesday, April 19th. The network technology company reported $2.53 EPS for the quarter, beating the consensus estimate of $2.42 by $0.11. F5 had a net margin of 11.74% and a return on equity of 16.56%. The company had revenue of $703.00 million for the quarter, compared to the consensus estimate of $699.18 million. During the same period in the prior year, the firm posted $1.30 EPS. F5’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, research analysts predict that F5, Inc. will post 7.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Credit Suisse Group reduced their target price on F5 from $166.00 to $155.00 and set a “neutral” rating on the stock in a report on Thursday, April 20th. Morgan Stanley decreased their price objective on F5 from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, April 20th. Piper Sandler lowered their price objective on F5 from $156.00 to $143.00 and set a “neutral” rating for the company in a research report on Thursday, April 20th. The Goldman Sachs Group started coverage on shares of F5 in a research report on Monday, March 6th. They issued a “neutral” rating on the stock. Finally, TD Cowen lowered their price target on shares of F5 from $177.00 to $170.00 and set an “outperform” rating for the company in a research report on Thursday, April 20th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $166.13.

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.