Custom Index Systems LLC Sells 146 Shares of F5, Inc. (NASDAQ:FFIV)

Custom Index Systems LLC decreased its position in F5, Inc. (NASDAQ:FFIV) by 7.6% during the second quarter, Holdings Channel.com reports. The fund owned 1,778 shares of the network technology company’s stock after selling 146 shares during the quarter. Custom Index Systems LLC’s holdings in F5 were worth $306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in F5 by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,465,022 shares of the network technology company’s stock valued at $1,415,294,000 after purchasing an additional 29,154 shares during the period. Lyrical Asset Management LP increased its stake in shares of F5 by 38.3% during the fourth quarter. Lyrical Asset Management LP now owns 1,145,302 shares of the network technology company’s stock valued at $204,986,000 after buying an additional 317,263 shares during the period. First Trust Advisors LP raised its holdings in shares of F5 by 0.5% during the fourth quarter. First Trust Advisors LP now owns 1,122,995 shares of the network technology company’s stock valued at $200,994,000 after acquiring an additional 6,010 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of F5 by 14.2% during the first quarter. Acadian Asset Management LLC now owns 625,734 shares of the network technology company’s stock valued at $118,607,000 after acquiring an additional 77,611 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in F5 by 9.6% in the second quarter. Bank of New York Mellon Corp now owns 523,982 shares of the network technology company’s stock worth $90,245,000 after acquiring an additional 45,843 shares during the period. 90.66% of the stock is owned by institutional investors.

F5 Trading Down 0.9 %

F5 stock opened at $198.93 on Monday. F5, Inc. has a 12 month low of $145.45 and a 12 month high of $205.92. The business’s fifty day simple moving average is $187.15 and its two-hundred day simple moving average is $181.89. The company has a market capitalization of $11.59 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.50 and a beta of 1.06.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on FFIV shares. Evercore ISI boosted their price objective on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of F5 from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Piper Sandler raised their price objective on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Needham & Company LLC lifted their price objective on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $200.89.

Insider Buying and Selling at F5

In related news, EVP Scot Frazier Rogers sold 1,420 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $199.76, for a total value of $283,659.20. Following the sale, the executive vice president now owns 18,073 shares in the company, valued at $3,610,262.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other 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 value of $283,659.20. Following the transaction, the executive vice president now directly owns 18,073 shares in the company, valued at approximately $3,610,262.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $170.00, for a total value of $85,000.00. Following the completion of the transaction, the chief financial officer now directly owns 31,608 shares in the company, valued at $5,373,360. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,771 shares of company stock worth $1,261,555. Company insiders own 0.58% of the company’s stock.

About F5

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.