Knightsbridge Asset Management LLC Reduces Position in F5, Inc. (NASDAQ:FFIV)

Knightsbridge Asset Management LLC reduced its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 54.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,906 shares of the network technology company's stock after selling 22,465 shares during the quarter. Knightsbridge Asset Management LLC's holdings in F5 were worth $4,754,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new position in F5 in the fourth quarter valued at approximately $35,000. Hurley Capital LLC bought a new stake in shares of F5 in the fourth quarter valued at $43,000. Friedenthal Financial purchased a new position in shares of F5 during the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 49 shares during the period. Finally, Smithfield Trust Co purchased a new stake in F5 in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insiders Place Their Bets

In other news, Director Marianne Budnik sold 728 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the sale, the director now owns 1,770 shares of the company's stock, valued at approximately $538,876.50. This represents a 29.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction 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 approximately $7,915,557.12. The trade was a 13.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock valued at $5,310,131 over the last 90 days. Insiders own 0.52% of the company's stock.

F5 Price Performance

Shares of NASDAQ:FFIV traded down $2.35 on Tuesday, hitting $262.72. The company's stock had a trading volume of 1,279,788 shares, compared to its average volume of 585,207. The company has a market capitalization of $15.15 billion, a PE ratio of 26.12, a PEG ratio of 3.85 and a beta of 1.14. The company has a 50-day simple moving average of $268.38 and a 200 day simple moving average of $261.30. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00.

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 (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.31. The business had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. F5's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.91 earnings per share. On average, equities research analysts expect that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FFIV shares. Barclays cut their target price on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday. William Blair reiterated an "outperform" rating 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 report on Tuesday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $290.00 price target on shares of F5 in a research report on Tuesday. Finally, The Goldman Sachs Group increased their price objective on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.