Czech National Bank Sells 111 Shares of F5, Inc. (NASDAQ:FFIV)

Czech National Bank trimmed its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,346 shares of the network technology company’s stock after selling 111 shares during the quarter. Czech National Bank’s holdings in F5 were worth $1,961,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FFIV. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of F5 during the fourth quarter worth $25,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of F5 during the fourth quarter worth $34,000. Washington Trust Advisors Inc. bought a new stake in shares of F5 during the fourth quarter worth $36,000. Janiczek Wealth Management LLC lifted its position in shares of F5 by 56.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock worth $46,000 after purchasing an additional 93 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new stake in shares of F5 in the fourth quarter valued at about $51,000. 90.66% of the stock is currently owned by institutional investors.

Insider Transactions at F5

In other news, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total transaction of $142,568.03. Following the completion of the transaction, the executive vice president now directly owns 15,504 shares of the company’s stock, valued at approximately $2,597,385.12. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total transaction of $142,568.03. Following the completion of the transaction, the executive vice president now directly owns 15,504 shares of the company’s stock, valued at approximately $2,597,385.12. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $178.81, for a total value of $89,405.00. Following the completion of the transaction, the chief financial officer now directly owns 31,290 shares of the company’s stock, valued at $5,594,964.90. The disclosure for this sale can be found here. Insiders sold a total of 11,266 shares of company stock valued at $1,931,700 in the last three months. 0.58% of the stock is currently owned by company insiders.

F5 Trading Down 0.1 %

Shares of NASDAQ:FFIV opened at $169.60 on Friday. F5, Inc. has a 12-month low of $142.16 and a 12-month high of $199.49. The company has a market capitalization of $9.94 billion, a PE ratio of 20.31, a PEG ratio of 2.25 and a beta of 1.09. The business has a 50 day moving average of $171.89 and a two-hundred day moving average of $179.46.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.03. The company had revenue of $681.00 million during the quarter, compared to the consensus estimate of $685.47 million. F5 had a return on equity of 21.41% and a net margin of 17.91%. F5’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. Equities research analysts predict that F5, Inc. will post 9.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on FFIV. Needham & Company LLC restated a “buy” rating and issued a $220.00 price objective on shares of F5 in a report on Tuesday, April 30th. Barclays decreased their price objective on F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a report on Tuesday, April 30th. Evercore ISI cut their target price on F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 30th. Piper Sandler reiterated a “neutral” rating and issued a $167.00 target price (down previously from $187.00) on shares of F5 in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. boosted their price target on F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, F5 has an average rating of “Hold” and a consensus price target of $185.10.

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.