Susquehanna Portfolio Strategies LLC Sells 46,326 Shares of F5, Inc. (NASDAQ:FFIV)

Susquehanna Portfolio Strategies LLC reduced its stake in F5, Inc. (NASDAQ:FFIV) by 80.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,351 shares of the network technology company’s stock after selling 46,326 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in F5 were worth $1,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Family Firm Inc. purchased a new position in shares of F5 in the 2nd quarter worth about $25,000. New Covenant Trust Company N.A. bought a new stake in F5 in the 1st quarter worth approximately $27,000. Quest Partners LLC boosted its stake in F5 by 9,100.0% in the second quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock worth $32,000 after buying an additional 182 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in F5 in the first quarter worth approximately $38,000. Finally, Blue Trust Inc. grew its position in F5 by 49.7% during the second quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock valued at $46,000 after acquiring an additional 80 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total value of $249,327.50. Following the completion of the transaction, the chief executive officer now directly owns 121,462 shares of the company’s stock, valued at $20,885,390.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other F5 news, EVP Scot Frazier Rogers sold 1,420 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $199.76, for a total transaction of $283,659.20. Following the completion of the transaction, the executive vice president now owns 18,073 shares of the company’s stock, valued at $3,610,262.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total transaction of $249,327.50. Following the completion of the sale, the chief executive officer now directly owns 121,462 shares in the company, valued at $20,885,390.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,871 shares of company stock valued at $1,508,705. Corporate insiders own 0.58% of the company’s stock.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $219.00 on Friday. The stock’s 50-day moving average is $198.84 and its 200 day moving average is $184.48. The company has a market cap of $12.84 billion, a PE ratio of 26.23, a P/E/G ratio of 2.77 and a beta of 1.06. F5, Inc. has a 1 year low of $145.45 and a 1 year high of $223.74.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FFIV shares. Evercore ISI upped their price objective on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. upped their price target on shares of F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Royal Bank of Canada lifted their price objective on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Barclays increased their target price on F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Finally, Needham & Company LLC raised their price target on F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $204.56.

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.