SG Americas Securities LLC Has $4.48 Million Position in F5, Inc. (NASDAQ:FFIV)

SG Americas Securities LLC reduced its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 47.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,361 shares of the network technology company's stock after selling 18,220 shares during the period. SG Americas Securities LLC's holdings in F5 were worth $4,483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its holdings in shares of F5 by 424.1% in the 1st quarter. Bessemer Group Inc. now owns 7,604 shares of the network technology company's stock valued at $1,442,000 after buying an additional 6,153 shares during the last quarter. LSV Asset Management bought a new position in shares of F5 in the 1st quarter valued at about $1,479,000. ProShare Advisors LLC increased its stake in shares of F5 by 60.7% during the 1st quarter. ProShare Advisors LLC now owns 17,083 shares of the network technology company's stock worth $3,239,000 after purchasing an additional 6,451 shares during the last quarter. Bank of Montreal Can increased its stake in shares of F5 by 3.9% during the 2nd quarter. Bank of Montreal Can now owns 308,159 shares of the network technology company's stock worth $53,247,000 after purchasing an additional 11,525 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of F5 by 195.1% in the 1st quarter. Janus Henderson Group PLC now owns 21,994 shares of the network technology company's stock valued at $4,170,000 after purchasing an additional 14,541 shares during the period. 90.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FFIV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on F5 from $210.00 to $215.00 and gave the stock a "neutral" rating in a report on Tuesday, July 30th. The Goldman Sachs Group boosted their target price on F5 from $185.00 to $212.00 and gave the stock a "neutral" rating in a report on Tuesday, September 24th. Royal Bank of Canada raised their price target on F5 from $182.00 to $205.00 and gave the company a "sector perform" rating in a report on Tuesday, July 30th. StockNews.com downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Tuesday, September 10th. Finally, Piper Sandler increased their price objective on shares of F5 from $167.00 to $186.00 and gave the company a "neutral" rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $204.56.

Insider Buying and Selling at F5

In other news, CEO Francois Locoh-Donou sold 1,450 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total transaction of $316,477.00. Following the completion of the sale, the chief executive officer now owns 121,122 shares of the company's stock, valued at approximately $26,436,087.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Francois Locoh-Donou sold 1,450 shares of the business's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total transaction of $316,477.00. Following the completion of the transaction, the chief executive officer now owns 121,122 shares of the company's stock, valued at approximately $26,436,087.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the firm's stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $176.20, for a total value of $88,100.00. Following the completion of the sale, the chief financial officer now directly owns 31,108 shares in the company, valued at $5,481,229.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,871 shares of company stock valued at $1,575,855 in the last ninety days. 0.58% of the stock is currently owned by company insiders.

F5 Stock Down 0.8 %

Shares of FFIV traded down $1.68 during mid-day trading on Monday, hitting $218.23. 432,726 shares of the company's stock were exchanged, compared to its average volume of 515,956. F5, Inc. has a 52 week low of $145.45 and a 52 week high of $223.74. The stock's 50-day simple moving average is $203.36 and its 200-day simple moving average is $185.48. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.97 by $0.39. The firm had revenue of $695.50 million during the quarter, compared to the consensus estimate of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The company's revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.46 EPS. Analysts forecast that F5, Inc. will post 10.18 earnings per share for the current fiscal year.

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.