Summit Global Investments trimmed its holdings in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 27.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,347 shares of the network technology company’s stock after selling 512 shares during the quarter. Summit Global Investments’ holdings in F5 were worth $396,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Whipplewood Advisors LLC grew its position in shares of F5 by 275.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 90 shares of the network technology company’s stock valued at $26,000 after buying an additional 66 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in F5 by 134.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company’s stock worth $27,000 after purchasing an additional 59 shares during the last quarter. Groupe la Francaise acquired a new position in shares of F5 in the 1st quarter worth approximately $34,000. Flaharty Asset Management LLC bought a new stake in shares of F5 in the 1st quarter valued at $35,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of F5 by 288.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock valued at $43,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.
F5 Stock Up 1.6%
F5 stock opened at $240.01 on Wednesday. F5, Inc. has a 1-year low of $223.76 and a 1-year high of $346.00. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 7.53 and a beta of 1.08. The firm’s fifty day moving average price is $287.69 and its two-hundred day moving average price is $296.82. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.22.
Insider Buying and Selling
In related news, CEO Francois Locoh-Donou sold 1,300 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $252.98, for a total transaction of $328,874.00. Following the completion of the sale, the chief executive officer owned 151,623 shares in the company, valued at approximately $38,357,586.54. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 8,318 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $249.78, for a total value of $2,077,670.04. Following the transaction, the executive vice president owned 22,493 shares in the company, valued at approximately $5,618,301.54. This trade represents a 27.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,337 shares of company stock worth $6,810,713 in the last ninety days. Corporate insiders own 0.52% of the company’s stock.
Analyst Upgrades and Downgrades
FFIV has been the topic of a number of research analyst reports. Barclays cut their price target on shares of F5 from $321.00 to $267.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. Bank of America cut their target price on F5 from $260.00 to $250.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 28th. Wall Street Zen cut F5 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Royal Bank Of Canada dropped their price target on F5 from $350.00 to $315.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 28th. Finally, Evercore ISI restated a “cautious” rating on shares of F5 in a report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $295.56.
Get Our Latest Analysis on FFIV
F5 Company 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.
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