Handelsinvest Investeringsforvaltning Sells 735 Shares of F5, Inc. (NASDAQ:FFIV)

Handelsinvest Investeringsforvaltning cut its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 34.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,416 shares of the network technology company’s stock after selling 735 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in F5 were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FFIV. FMR LLC boosted its stake in shares of F5 by 0.9% during the third quarter. FMR LLC now owns 27,546 shares of the network technology company’s stock valued at $4,439,000 after purchasing an additional 239 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in F5 by 13.3% in the third quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock valued at $292,001,000 after acquiring an additional 212,784 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in F5 by 16.0% in the third quarter. Kennedy Capital Management LLC now owns 6,356 shares of the network technology company’s stock valued at $1,024,000 after acquiring an additional 876 shares in the last quarter. Royal London Asset Management Ltd. boosted its stake in F5 by 0.7% in the third quarter. Royal London Asset Management Ltd. now owns 23,943 shares of the network technology company’s stock valued at $3,857,000 after acquiring an additional 177 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its stake in F5 by 67.0% in the third quarter. iA Global Asset Management Inc. now owns 2,813 shares of the network technology company’s stock valued at $453,000 after acquiring an additional 1,129 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other F5 news, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total value of $142,568.03. Following the completion of the transaction, the executive vice president now owns 15,504 shares of the company’s stock, valued at $2,597,385.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other F5 news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $178.81, for a total value of $89,405.00. Following the completion of the transaction, the chief financial officer now owns 31,290 shares of the company’s stock, valued at $5,594,964.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total transaction of $142,568.03. Following the completion of the transaction, the executive vice president now directly owns 15,504 shares of the company’s stock, valued at approximately $2,597,385.12. The disclosure for this sale can be found here. Insiders sold a total of 10,316 shares of company stock valued at $1,742,867 over the last 90 days. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

FFIV has been the subject of several recent analyst reports. Evercore ISI lowered their target price on shares of F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a research note on Tuesday, April 30th. Piper Sandler restated a “neutral” rating and issued a $167.00 target price (down from $187.00) on shares of F5 in a research note on Tuesday, April 30th. Royal Bank of Canada lowered their target price on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 30th. JPMorgan Chase & Co. raised their price target on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Barclays decreased their price target on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, F5 presently has an average rating of “Hold” and an average target price of $185.10.

F5 Stock Performance

Shares of F5 stock traded down $1.70 during trading on Wednesday, hitting $170.61. 15,950 shares of the company’s stock were exchanged, compared to its average volume of 488,919. The business has a 50-day simple moving average of $170.49 and a 200-day simple moving average of $179.38. F5, Inc. has a 52-week low of $142.16 and a 52-week high of $199.49. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.29 and a beta of 1.08.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.03. F5 had a net margin of 17.91% and a return on equity of 21.41%. The firm had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $685.47 million. During the same quarter last year, the company posted $1.70 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that F5, Inc. will post 9.64 earnings per share for the current fiscal year.

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.