Retireful LLC Cuts Position in F5, Inc. (NASDAQ:FFIV)

Retireful LLC lowered its position in shares of F5, Inc. (NASDAQ:FFIV) by 47.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

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

F5 Trading Up 1.1%

Shares of F5 stock opened at $293.83 on Thursday. F5, Inc. has a twelve month low of $164.45 and a twelve month high of $313.00. The business’s 50 day simple moving average is $269.41 and its 200-day simple moving average is $270.07. The stock has a market capitalization of $16.88 billion, a price-to-earnings ratio of 29.21, a PEG 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 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 analyst estimates of $719.91 million. During the same quarter last year, the business earned $2.91 earnings per share. F5’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts predict that F5, Inc. will post 11.2 earnings per share for the current year.

Insider Activity

In other F5 news, EVP Thomas Dean Fountain sold 1,347 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $269.03, for a total transaction of $362,383.41. Following the completion of the transaction, the executive vice president now directly owns 20,660 shares of the company’s stock, valued at approximately $5,558,159.80. This trade represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan Higginson sold 1,272 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $286.69, for a total value of $364,669.68. Following the completion of the sale, the director now owns 9,919 shares of the company’s stock, valued at approximately $2,843,678.11. This trade represents a 11.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,891 shares of company stock worth $2,418,732 over the last three months. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

FFIV has been the subject of several recent analyst reports. Wall Street Zen downgraded F5 from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. Piper Sandler upped their target price on F5 from $262.00 to $269.00 and gave the company a “neutral” rating in a research report on Tuesday, April 29th. William Blair reissued an “outperform” rating on shares of F5 in a research report on Tuesday, April 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $290.00 price target on shares of F5 in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of F5 from $296.00 to $285.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. One 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.com, the company presently has an average rating of “Hold” and an average 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.