F5, Inc. (NASDAQ:FFIV) Shares Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. decreased its stake in shares of F5, Inc. (NASDAQ:FFIV) by 29.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120 shares of the network technology company’s stock after selling 51 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in F5 were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FFIV. Golden State Wealth Management LLC increased its position in F5 by 275.0% during the first quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company’s stock worth $28,000 after purchasing an additional 77 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of F5 in the fourth quarter worth $31,000. Hurley Capital LLC acquired a new stake in shares of F5 in the fourth quarter worth $43,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of F5 in the fourth quarter worth $60,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of F5 by 31.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 293 shares of the network technology company’s stock worth $78,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Price Performance

NASDAQ FFIV opened at $301.63 on Tuesday. F5, Inc. has a 12 month low of $177.13 and a 12 month high of $313.00. The company has a market capitalization of $17.32 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 3.78 and a beta of 1.00. The company’s fifty day moving average price is $292.94 and its two-hundred day moving average price is $281.41.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, beating analysts’ consensus estimates of $3.11 by $0.31. F5 had a net margin of 21.14% and a return on equity of 21.18%. The firm had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same period in the prior year, the firm posted $2.91 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. As a group, analysts anticipate that F5, Inc. will post 11.2 EPS for the current year.

Insider Activity

In other F5 news, Director Michael L. Dreyer sold 1,800 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the transaction, the director directly owned 4,376 shares in the company, valued at $1,251,360.96. This represents a 29.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $294.32, for a total transaction of $382,616.00. Following the transaction, the chief executive officer owned 107,100 shares in the company, valued at $31,521,672. This trade represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,519 shares of company stock worth $2,408,594 over the last ninety days. Insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FFIV shares. Needham & Company LLC reissued a “buy” rating and issued a $320.00 price objective on shares of F5 in a research report on Tuesday, April 29th. Piper Sandler reissued a “neutral” rating and issued a $304.00 price objective (up previously from $269.00) on shares of F5 in a research report on Monday, July 14th. William Blair reissued an “outperform” rating on shares of F5 in a research report on Tuesday, April 29th. Wolfe Research assumed coverage on shares of F5 in a research report on Monday, July 7th. They issued an “outperform” rating for the company. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $290.00 target price on shares of F5 in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $291.44.

F5 Company 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.