F5, Inc. (NASDAQ:FFIV) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. reduced its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,478 shares of the network technology company's stock after selling 7,490 shares during the period. Pinebridge Investments L.P. owned 0.14% of F5 worth $20,741,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in shares of F5 during the 4th quarter worth about $171,127,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of F5 by 598.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock worth $106,944,000 after acquiring an additional 364,372 shares during the period. Edge Capital Group LLC purchased a new position in shares of F5 during the 4th quarter worth about $59,623,000. Cookson Peirce & Co. Inc. purchased a new position in shares of F5 during the 4th quarter worth about $53,212,000. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of F5 by 83.1% during the 4th quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company's stock worth $74,562,000 after acquiring an additional 134,537 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FFIV has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $320.00 price objective on shares of F5 in a report on Tuesday. JPMorgan Chase & Co. cut their price target on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. William Blair restated an "outperform" rating on shares of F5 in a report on Tuesday. Royal Bank of Canada raised their price target on shares of F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Finally, Bank of America raised their price target on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Friday, January 31st. One research 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 company. According to MarketBeat.com, F5 has a consensus rating of "Hold" and a consensus target price of $284.78.

F5 Stock Down 1.0 %

Shares of FFIV traded down $2.54 during mid-day trading on Tuesday, reaching $262.53. 535,964 shares of the stock traded hands, compared to its average volume of 582,326. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 3.85 and a beta of 1.14. The stock has a fifty day simple moving average of $268.38 and a 200 day simple moving average of $261.30. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm posted $2.91 earnings per share. The business's quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Insider Transactions at F5

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of F5 stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the transaction, the chief executive officer now owns 151,247 shares of the company's stock, valued at $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the transaction, the executive vice president now directly owns 20,075 shares of the company's stock, valued at approximately $5,885,588.50. This represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,232 shares of company stock valued at $5,310,131. 0.52% of the stock is currently owned by corporate insiders.

F5 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.