F5, Inc. (NASDAQ:FFIV) Holdings Decreased by Bremer Bank National Association

Bremer Bank National Association reduced its stake in shares of F5, Inc. (NASDAQ:FFIV) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,465 shares of the network technology company’s stock after selling 42 shares during the quarter. Bremer Bank National Association’s holdings in F5 were worth $390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Unigestion Holding SA raised its holdings in F5 by 605.3% during the first quarter. Unigestion Holding SA now owns 17,118 shares of the network technology company’s stock worth $4,558,000 after purchasing an additional 14,691 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of F5 in the first quarter valued at $780,000. Talbot Financial LLC acquired a new stake in shares of F5 during the first quarter worth $4,198,000. Addenda Capital Inc. raised its holdings in F5 by 5.5% during the 1st quarter. Addenda Capital Inc. now owns 53,098 shares of the network technology company’s stock worth $14,138,000 after buying an additional 2,784 shares during the period. Finally, Czech National Bank raised its holdings in shares of F5 by 5.1% during the first quarter. Czech National Bank now owns 13,241 shares of the network technology company’s stock valued at $3,526,000 after acquiring an additional 645 shares during the period. 90.66% of the stock is currently owned by institutional investors.

F5 Stock Up 0.2%

Shares of FFIV stock opened at $286.02 on Tuesday. F5, Inc. has a 12 month low of $164.45 and a 12 month high of $313.00. The business’s 50 day moving average is $268.40 and its two-hundred day moving average is $269.76. The company has a market cap of $16.43 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV) last issued its quarterly 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 company had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. F5 had a return on equity of 20.98% and a net margin of 20.58%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $2.91 earnings per share. As a group, equities analysts expect that F5, Inc. will post 11.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FFIV shares. Morgan Stanley boosted their price target on shares of F5 from $269.00 to $280.00 and gave the company an “equal weight” rating in a report on Tuesday, April 29th. Wall Street Zen downgraded shares of F5 from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $290.00 price target on shares of F5 in a research report on Tuesday, April 29th. JPMorgan Chase & Co. dropped their price target on F5 from $296.00 to $285.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Finally, William Blair reissued an “outperform” rating on shares of F5 in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $282.56.

Insider Transactions at F5

In related news, Director Alan Higginson sold 1,272 shares of F5 stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total transaction of $364,669.68. Following the sale, the director now directly owns 9,919 shares of the company’s stock, valued at $2,843,678.11. This trade represents a 11.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total transaction of $344,981.00. Following the sale, the chief executive officer now owns 148,647 shares in the company, valued at $39,446,454.39. This represents a 0.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,891 shares of company stock worth $2,418,732. Insiders own 0.52% of the company’s stock.

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.