Vontobel Holding Ltd. Decreases Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Vontobel Holding Ltd. lessened its position in F5, Inc. (NASDAQ:FFIV) by 58.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,754 shares of the network technology company’s stock after selling 25,067 shares during the period. Vontobel Holding Ltd.’s holdings in F5 were worth $3,909,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FFIV. Fisher Asset Management LLC increased its holdings in F5 by 11.9% during the 4th quarter. Fisher Asset Management LLC now owns 28,068 shares of the network technology company’s stock valued at $5,024,000 after purchasing an additional 2,974 shares during the period. Nomura Holdings Inc. bought a new position in shares of F5 during the fourth quarter valued at approximately $213,000. CWM LLC lifted its stake in F5 by 70.4% in the first quarter. CWM LLC now owns 484 shares of the network technology company’s stock worth $92,000 after acquiring an additional 200 shares during the period. Los Angeles Capital Management LLC bought a new stake in F5 in the first quarter valued at $6,282,000. Finally, GAMMA Investing LLC increased its position in F5 by 22.4% during the 1st quarter. GAMMA Investing LLC now owns 843 shares of the network technology company’s stock valued at $160,000 after purchasing an additional 154 shares during the period. Institutional investors own 90.66% of the company’s stock.

Insider Activity at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $188.35, for a total value of $273,107.50. Following the completion of the transaction, the chief executive officer now owns 124,022 shares of the company’s stock, valued at approximately $23,359,543.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $176.20, for a total value of $88,100.00. Following the completion of the sale, the chief financial officer now owns 31,108 shares of the company’s stock, valued at $5,481,229.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $188.35, for a total value of $273,107.50. Following the sale, the chief executive officer now owns 124,022 shares of the company’s stock, valued at approximately $23,359,543.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,871 shares of company stock valued at $1,575,855 over the last ninety days. Insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their target price on shares of F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Royal Bank of Canada upped their target price on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. Piper Sandler raised their target price on F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. StockNews.com cut F5 from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th. Finally, Needham & Company LLC raised 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $204.56.

F5 Stock Performance

Shares of FFIV stock opened at $217.48 on Friday. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 2.61 and a beta of 1.06. F5, Inc. has a one year low of $145.45 and a one year high of $224.47. The company’s 50-day moving average is $208.94 and its 200 day moving average is $187.60.

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

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.