F5, Inc. (NASDAQ:FFIV) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lowered its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 34.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,740 shares of the network technology company's stock after selling 50,600 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.16% of F5 worth $23,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of F5 by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock valued at $1,897,154,000 after acquiring an additional 64,261 shares during the period. Geode Capital Management LLC raised its stake in F5 by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock valued at $402,536,000 after buying an additional 30,367 shares in the last quarter. First Trust Advisors LP boosted its holdings in F5 by 3.1% in the fourth quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company's stock valued at $316,814,000 after purchasing an additional 37,354 shares in the last quarter. Norges Bank acquired a new position in shares of F5 in the 4th quarter valued at $171,127,000. Finally, Alliancebernstein L.P. grew its holdings in shares of F5 by 14.0% during the fourth quarter. Alliancebernstein L.P. now owns 656,231 shares of the network technology company's stock worth $165,022,000 after purchasing an additional 80,570 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Trading Down 0.9 %

Shares of NASDAQ FFIV traded down $2.35 during trading on Tuesday, reaching $262.72. The company had a trading volume of 1,279,811 shares, compared to its average volume of 585,209. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The stock has a 50-day moving average price of $268.38 and a two-hundred day moving average price of $261.30. The stock has a market capitalization of $15.15 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results 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 the consensus estimate of $719.91 million. During the same quarter in the previous year, the company posted $2.91 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that F5, Inc. will post 11.2 EPS for the current year.

Insider Transactions at F5

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the sale, the chief executive officer now owns 151,247 shares of the company's stock, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value 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 approximately $7,915,557.12. This trade represents a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,232 shares of company stock worth $5,310,131 over the last quarter. 0.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on FFIV. Morgan Stanley raised their price target on F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a report on Tuesday. Bank of America lifted their price target on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Friday, January 31st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $290.00 price objective on shares of F5 in a research report on Tuesday. Barclays decreased their target price on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Piper Sandler increased their price target on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $282.56.

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.