Intech Investment Management LLC Sells 6,855 Shares of F5, Inc. (NASDAQ:FFIV)

Intech Investment Management LLC trimmed its stake in F5, Inc. (NASDAQ:FFIV) by 47.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,631 shares of the network technology company’s stock after selling 6,855 shares during the period. Intech Investment Management LLC’s holdings in F5 were worth $1,314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FFIV. Norges Bank bought a new stake in F5 in the fourth quarter worth $45,937,000. Commerce Bank boosted its stake in shares of F5 by 3.1% during the 4th quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock worth $342,000 after purchasing an additional 57 shares during the period. Neuberger Berman Group LLC grew its holdings in F5 by 3.5% during the 4th quarter. Neuberger Berman Group LLC now owns 2,626 shares of the network technology company’s stock valued at $470,000 after purchasing an additional 90 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in F5 by 3.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 18,964 shares of the network technology company’s stock worth $3,394,000 after purchasing an additional 594 shares during the period. Finally, TD Asset Management Inc lifted its stake in F5 by 7.4% in the fourth quarter. TD Asset Management Inc now owns 15,863 shares of the network technology company’s stock worth $2,839,000 after purchasing an additional 1,095 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Stock Up 1.5 %

Shares of FFIV stock opened at $223.60 on Wednesday. The company’s 50 day moving average is $196.29 and its 200 day moving average is $183.86. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 2.55 and a beta of 1.06. F5, Inc. has a 52-week low of $145.45 and a 52-week high of $223.74.

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

Insider Buying and Selling at F5

In other news, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $192.71, for a total value of $163,996.21. Following the transaction, the executive vice president now owns 16,000 shares of the company’s stock, valued at approximately $3,083,360. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total transaction of $249,327.50. Following the transaction, the chief executive officer now directly owns 121,462 shares of the company’s stock, valued at $20,885,390.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas Dean Fountain sold 851 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $192.71, for a total value of $163,996.21. Following the completion of the sale, the executive vice president now directly owns 16,000 shares of the company’s stock, valued at approximately $3,083,360. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,871 shares of company stock valued at $1,508,705. 0.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.