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

Retireful LLC lessened its holdings in F5, Inc. (NASDAQ:FFIV) by 47.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,335 shares of the network technology company’s stock after selling 2,959 shares during the quarter. Retireful LLC’s holdings in F5 were worth $880,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Park Square Financial Group LLC purchased a new position in F5 during the 4th quarter worth $31,000. Crowley Wealth Management Inc. acquired a new stake in F5 during the 4th quarter worth approximately $35,000. Hurley Capital LLC acquired a new stake in F5 during the 4th quarter worth approximately $43,000. EverSource Wealth Advisors LLC grew its stake in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 49 shares during the last quarter. Finally, Smithfield Trust Co purchased a new stake in shares of F5 during the fourth quarter worth approximately $57,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling at F5

In related news, Director Marianne Budnik sold 1,872 shares of the company’s stock in a transaction 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the sale, the chief executive officer now owns 148,647 shares of the company’s stock, valued at $39,446,454.39. This trade represents a 0.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,891 shares of company stock worth $2,418,732. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

FFIV has been the subject of several recent analyst reports. William Blair restated an “outperform” rating on shares of F5 in a research note on Tuesday, April 29th. Wall Street Zen downgraded shares of F5 from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price objective on F5 from $296.00 to $285.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Barclays cut their target price on F5 from $296.00 to $274.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $320.00 price target on shares of F5 in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $282.56.

F5 Stock Up 1.1%

NASDAQ:FFIV opened at $293.83 on Thursday. F5, Inc. has a 52-week low of $164.45 and a 52-week high of $313.00. The stock has a fifty day simple moving average of $269.41 and a 200-day simple moving average of $270.07. The company has a market capitalization of $16.88 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV) last announced 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. F5 had a net margin of 20.58% and a return on equity of 20.98%. The company had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same quarter in the prior year, the firm earned $2.91 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current year.

About F5

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.