Wahed Invest LLC Reduces Holdings in F5, Inc. (NASDAQ:FFIV)

Wahed Invest LLC reduced its stake in F5, Inc. (NASDAQ:FFIV) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,355 shares of the network technology company’s stock after selling 62 shares during the period. Wahed Invest LLC’s holdings in F5 were worth $341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FFIV. Crowley Wealth Management Inc. purchased a new position in shares of F5 during the 4th quarter worth approximately $35,000. Hurley Capital LLC purchased a new stake in F5 in the fourth quarter worth $43,000. Friedenthal Financial bought a new position in F5 in the fourth quarter worth $50,000. EverSource Wealth Advisors LLC lifted its position in F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after buying an additional 49 shares during the period. Finally, Smithfield Trust Co bought a new stake in shares of F5 during the 4th quarter valued at $57,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the sale, the chief executive officer now directly owns 148,647 shares in the company, valued at $39,446,454.39. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 27,264 shares in the company, valued at $7,915,557.12. This trade represents a 13.05 % 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 over the last 90 days. Company insiders own 0.52% of the company’s stock.

F5 Stock Performance

NASDAQ FFIV opened at $268.81 on Friday. The company has a market capitalization of $15.50 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 3.85 and a beta of 1.14. The stock has a 50-day moving average of $265.90 and a 200 day moving average of $262.01. F5, Inc. has a one year low of $164.45 and a one year high of $313.00.

F5 (NASDAQ:FFIV) last released its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share 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 firm had revenue of $590.16 million during the quarter, compared to analysts’ expectations of $719.91 million. During the same period in the previous year, the company earned $2.91 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts predict that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

FFIV has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price target 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. Evercore ISI upped their price target on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. Royal Bank of Canada reiterated a “sector perform” rating and set a $290.00 price objective on shares of F5 in a research note on Tuesday. Morgan Stanley increased their target price on F5 from $269.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $320.00 price target on shares of F5 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $282.56.

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.