F5, Inc. (NASDAQ:FFIV) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in F5, Inc. (NASDAQ:FFIV) by 2.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,673 shares of the network technology company’s stock after selling 132 shares during the period. PNC Financial Services Group Inc.’s holdings in F5 were worth $1,015,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FFIV. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of F5 during the fourth quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. acquired a new position in F5 during the 4th quarter worth $34,000. Washington Trust Advisors Inc. bought a new position in shares of F5 in the fourth quarter worth $36,000. Janiczek Wealth Management LLC raised its stake 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 valued at $46,000 after purchasing an additional 93 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in F5 in the fourth quarter worth about $51,000. Institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling

In other F5 news, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total value of $142,568.03. Following 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 document filed with the SEC, which is accessible through this link. In related news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was 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 in the company, valued at $5,594,964.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction 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 sale, the executive vice president now owns 15,504 shares in the company, valued at approximately $2,597,385.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,266 shares of company stock valued at $1,931,700. Insiders own 0.58% of the company’s stock.

F5 Stock Performance

Shares of FFIV opened at $169.60 on Monday. The firm has a market cap of $9.94 billion, a PE ratio of 20.31, a PEG ratio of 2.25 and a beta of 1.09. The firm’s 50 day moving average price is $171.89 and its 200 day moving average price is $179.54. F5, Inc. has a twelve month low of $142.16 and a twelve month high of $199.49.

F5 (NASDAQ:FFIV) last released its quarterly earnings data on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.03. F5 had a net margin of 17.91% and a return on equity of 21.41%. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $685.47 million. During the same quarter in the previous year, the business earned $1.70 EPS. F5’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that F5, Inc. will post 9.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays dropped their price target on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of F5 in a research note on Tuesday, April 30th. Piper Sandler reissued a “neutral” rating and issued a $167.00 target price (down from $187.00) on shares of F5 in a research report on Tuesday, April 30th. Royal Bank of Canada reduced their price target on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $185.10.

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.