Allspring Global Investments Holdings LLC Has $6.76 Million Stake in F5, Inc. (NASDAQ:FFIV)

Allspring Global Investments Holdings LLC lowered its position in F5, Inc. (NASDAQ:FFIV) by 19.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,183 shares of the network technology company’s stock after selling 6,192 shares during the period. Allspring Global Investments Holdings LLC’s holdings in F5 were worth $6,764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Golden State Wealth Management LLC grew its holdings in F5 by 275.0% during the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company’s stock worth $28,000 after acquiring an additional 77 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of F5 during the fourth quarter valued at approximately $31,000. Crowley Wealth Management Inc. bought a new stake in shares of F5 during the fourth quarter valued at approximately $35,000. Hurley Capital LLC acquired a new stake in shares of F5 in the fourth quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC raised its position in F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after purchasing an additional 49 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on FFIV shares. Barclays decreased their price objective on F5 from $296.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. William Blair reaffirmed an “outperform” rating on shares of F5 in a research note on Tuesday, April 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $290.00 price target on shares of F5 in a report on Tuesday, April 29th. JPMorgan Chase & Co. dropped their price objective on F5 from $296.00 to $285.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Finally, Morgan Stanley upped their target price on shares of F5 from $269.00 to $280.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and a consensus price target of $282.56.

F5 Trading Up 1.3%

NASDAQ FFIV opened at $300.03 on Friday. F5, Inc. has a 12 month low of $169.55 and a 12 month high of $313.00. The stock has a 50-day simple moving average of $284.74 and a 200 day simple moving average of $276.20. The company has a market capitalization of $17.23 billion, a PE ratio of 28.47, a P/E/G ratio of 3.82 and a beta of 1.00.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results 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. The company had revenue of $590.16 million during the quarter, compared to analysts’ expectations of $719.91 million. F5 had a return on equity of 21.18% and a net margin of 21.14%. F5’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.91 EPS. As a group, sell-side analysts predict that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Insider Transactions at F5

In other news, CEO Francois Locoh-Donou sold 1,300 shares of F5 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 directly owned 107,100 shares of the company’s stock, valued at $31,521,672. This trade represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Elizabeth Buse sold 1,500 shares of the firm’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total value of $440,295.00. Following the sale, the director directly owned 5,013 shares in the company, valued at $1,471,465.89. The trade was a 23.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,519 shares of company stock valued at $2,408,594. Corporate 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.