OMERS ADMINISTRATION Corp Sells 4,487 Shares of F5, Inc. (NASDAQ:FFIV)

OMERS ADMINISTRATION Corp lowered its stake in F5, Inc. (NASDAQ:FFIV) by 35.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,079 shares of the network technology company’s stock after selling 4,487 shares during the period. OMERS ADMINISTRATION Corp’s holdings in F5 were worth $2,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FFIV. Allspring Global Investments Holdings LLC grew its position in F5 by 457.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock worth $7,899,000 after acquiring an additional 25,748 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of F5 by 3.9% in the fourth quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock worth $48,991,000 after purchasing an additional 7,341 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of F5 by 163.3% in the fourth quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company’s stock worth $20,121,000 after buying an additional 49,629 shares during the period. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of F5 in the fourth quarter worth $5,856,000. Finally, Synergy Asset Management LLC raised its holdings in F5 by 100.0% during the 4th quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company’s stock valued at $525,000 after buying an additional 1,112 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

F5 Price Performance

FFIV stock opened at $282.67 on Friday. F5, Inc. has a 1 year low of $164.45 and a 1 year high of $313.00. The firm has a 50-day moving average of $264.44 and a 200 day moving average of $265.60. The company has a market cap of $16.23 billion, a P/E ratio of 28.10, a PEG ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.31. The firm had revenue of $590.16 million during 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 quarter in the prior year, the company earned $2.91 EPS. On average, equities research analysts expect that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Insider Buying and Selling at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the transaction, the chief executive officer now owns 148,647 shares of the company’s stock, valued at approximately $39,446,454.39. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marianne Budnik sold 1,872 shares of the business’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 represents a 60.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,305 shares of company stock valued at $2,561,360. 0.52% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of F5 from $296.00 to $285.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Piper Sandler increased their target price on shares of F5 from $262.00 to $269.00 and gave the stock a “neutral” rating in a report on Tuesday, April 29th. StockNews.com raised F5 from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Evercore ISI upped their price target on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. Finally, Morgan Stanley increased their price objective on F5 from $269.00 to $280.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, F5 presently has a consensus rating of “Hold” and an average price target 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.