F5, Inc. (NASDAQ:FFIV) Shares Sold by Lido Advisors LLC

Lido Advisors LLC lowered its position in F5, Inc. (NASDAQ:FFIV) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,679 shares of the network technology company’s stock after selling 139 shares during the quarter. Lido Advisors LLC’s holdings in F5 were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FFIV. Norges Bank acquired a new position in shares of F5 in the 4th quarter valued at about $171,127,000. Arrowstreet Capital Limited Partnership raised its stake in shares of F5 by 598.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company’s stock valued at $106,944,000 after acquiring an additional 364,372 shares during the period. Northern Trust Corp raised its stake in shares of F5 by 38.0% in the 4th quarter. Northern Trust Corp now owns 913,021 shares of the network technology company’s stock valued at $229,597,000 after acquiring an additional 251,534 shares during the period. Edge Capital Group LLC purchased a new stake in F5 during the 4th quarter worth $59,623,000. Finally, Cookson Peirce & Co. Inc. acquired a new stake in F5 in the 4th quarter valued at $53,212,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Stock Up 1.1 %

Shares of F5 stock opened at $268.81 on Friday. The business has a 50-day moving average price of $265.90 and a 200 day moving average price of $262.01. F5, Inc. has a fifty-two week low of $164.45 and a fifty-two week high of $313.00. The firm has a market cap of $15.50 billion, a P/E ratio of 26.72, a P/E/G ratio of 3.85 and a beta of 1.14.

F5 (NASDAQ:FFIV) last posted its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.31. The business had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. F5 had a return on equity of 20.98% and a net margin of 20.58%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.91 EPS. As a group, equities research analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Francois Locoh-Donou sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the transaction, the chief executive officer now directly owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marianne Budnik sold 1,872 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the sale, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. This trade represents a 60.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,251 shares of company stock worth $5,013,285 over the last quarter. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FFIV. Needham & Company LLC reaffirmed a “buy” rating and issued a $320.00 target price on shares of F5 in a research report on Tuesday. StockNews.com downgraded shares of F5 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Piper Sandler upped their target price on shares of F5 from $262.00 to $269.00 and gave the company a “neutral” rating in a research note on Tuesday. Bank of America lifted their price target on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group upped their price objective on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $282.56.

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.