F5, Inc. (NASDAQ:FFIV) Position Cut by Lido Advisors LLC

Lido Advisors LLC lessened its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The firm 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 SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC increased its stake in shares of F5 by 1.4% during the third quarter. Barclays PLC now owns 144,572 shares of the network technology company’s stock valued at $31,836,000 after acquiring an additional 2,008 shares during the period. Tidal Investments LLC raised its stake in shares of F5 by 22.1% in the 3rd quarter. Tidal Investments LLC now owns 12,825 shares of the network technology company’s stock worth $2,824,000 after buying an additional 2,325 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of F5 by 0.4% in the third quarter. Franklin Resources Inc. now owns 376,215 shares of the network technology company’s stock valued at $82,553,000 after buying an additional 1,554 shares during the period. Principal Financial Group Inc. boosted its stake in F5 by 1.8% during the third quarter. Principal Financial Group Inc. now owns 90,002 shares of the network technology company’s stock valued at $19,818,000 after buying an additional 1,614 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after acquiring an additional 81,005 shares during the period. Institutional investors own 90.66% of the company’s stock.

F5 Trading Up 1.1 %

Shares of FFIV stock opened at $268.81 on Friday. The stock’s fifty day simple moving average is $265.90 and its 200-day simple moving average is $262.01. The company has a market capitalization of $15.50 billion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 3.85 and a beta of 1.14. F5, Inc. has a 1-year low of $164.45 and a 1-year high of $313.00.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.31. The company had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. F5 had a return on equity of 20.98% and a net margin of 20.58%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.91 EPS. On average, sell-side analysts predict that F5, Inc. will post 11.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FFIV. The Goldman Sachs Group raised 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. Needham & Company LLC restated a “buy” rating and issued a $320.00 price target on shares of F5 in a research report on Tuesday. Piper Sandler increased their price objective on F5 from $262.00 to $269.00 and gave the company a “neutral” rating in a research report on Tuesday. Bank of America boosted their target price on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price target on F5 from $296.00 to $285.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and a consensus target price of $282.56.

Insider Buying and Selling at F5

In other news, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the completion of the sale, the executive vice president now directly owns 27,264 shares in the company, valued at $7,915,557.12. The trade was a 13.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the transaction, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. This represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,251 shares of company stock valued at $5,013,285 in the last quarter. Company insiders own 0.52% of the company’s stock.

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.