Los Angeles Capital Management LLC lowered its stake in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 23.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,932 shares of the network technology company’s stock after selling 60,014 shares during the quarter. Los Angeles Capital Management LLC’s holdings in F5 were worth $57,372,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its holdings in shares of F5 by 275.0% during the second quarter. Whipplewood Advisors LLC now owns 90 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 66 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its position in F5 by 134.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Groupe la Francaise acquired a new position in F5 during the 1st quarter valued at about $34,000. Flaharty Asset Management LLC bought a new position in F5 in the 1st quarter worth about $35,000. Finally, Geneos Wealth Management Inc. grew its position in F5 by 288.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock worth $43,000 after purchasing an additional 121 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.
F5 Trading Down 0.9%
Shares of FFIV stock opened at $245.74 on Friday. The stock has a 50-day simple moving average of $308.24 and a 200 day simple moving average of $299.06. F5, Inc. has a fifty-two week low of $227.04 and a fifty-two week high of $346.00. The stock has a market capitalization of $14.12 billion, a P/E ratio of 20.81, a P/E/G ratio of 7.53 and a beta of 1.08. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.22.
Insider Buying and Selling at F5
In other news, EVP Thomas Dean Fountain sold 8,318 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $249.78, for a total transaction of $2,077,670.04. Following the completion of the sale, the executive vice president owned 22,493 shares in the company, valued at approximately $5,618,301.54. This represents a 27.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Chad Michael Whalen sold 9,436 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $249.77, for a total value of $2,356,829.72. Following the sale, the executive vice president directly owned 25,641 shares of the company’s stock, valued at approximately $6,404,352.57. This represents a 26.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 29,414 shares of company stock valued at $8,004,410 over the last quarter. Company insiders own 0.52% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on FFIV shares. Zacks Research downgraded F5 from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Wall Street Zen downgraded F5 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “buy (b)” rating on shares of F5 in a research note on Wednesday, October 8th. Piper Sandler lowered their price target on F5 from $355.00 to $277.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Finally, Needham & Company LLC restated a “hold” rating on shares of F5 in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, F5 has an average rating of “Hold” and a consensus price target of $295.56.
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.
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