Mackenzie Financial Corp Sells 58 Shares of F5, Inc. (NASDAQ:FFIV)

Mackenzie Financial Corp trimmed its stake in F5, Inc. (NASDAQ:FFIV) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,514 shares of the network technology company’s stock after selling 58 shares during the quarter. Mackenzie Financial Corp’s holdings in F5 were worth $950,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in F5 by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,465,022 shares of the network technology company’s stock worth $1,415,294,000 after buying an additional 29,154 shares in the last quarter. American Century Companies Inc. lifted its holdings in F5 by 10.5% during the second quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock worth $294,392,000 after acquiring an additional 162,820 shares during the period. Pacer Advisors Inc. increased its position in shares of F5 by 6,700.2% during the 2nd quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after purchasing an additional 835,912 shares during the last quarter. AQR Capital Management LLC grew its position in F5 by 48.9% during the second quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock valued at $111,932,000 after buying an additional 214,351 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in F5 by 14.2% during the first quarter. Acadian Asset Management LLC now owns 625,734 shares of the network technology company’s stock worth $118,607,000 after buying an additional 77,611 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at F5

In other news, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total value of $316,477.00. Following the completion of the transaction, the chief executive officer now directly owns 121,122 shares in the company, valued at approximately $26,436,087.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total transaction of $316,477.00. Following the transaction, the chief executive officer now owns 121,122 shares of the company’s stock, valued at approximately $26,436,087.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Francis J. Pelzer sold 600 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $217.50, for a total transaction of $130,500.00. Following the sale, the chief financial officer now owns 30,425 shares of the company’s stock, valued at approximately $6,617,437.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,871 shares of company stock valued at $1,575,855 over the last 90 days. 0.58% of the stock is owned by insiders.

F5 Stock Up 0.8 %

NASDAQ:FFIV opened at $219.91 on Friday. F5, Inc. has a twelve month low of $145.45 and a twelve month high of $223.74. The stock has a market cap of $12.89 billion, a P/E ratio of 26.34, a PEG ratio of 2.77 and a beta of 1.06. The business’s 50-day moving average price is $202.50 and its two-hundred day moving average price is $185.31.

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 analysts’ consensus estimates of $2.97 by $0.39. The business had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. F5 had a net margin of 19.94% and a return on equity of 21.03%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.46 EPS. On average, equities research analysts expect that F5, Inc. will post 10.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FFIV. Royal Bank of Canada raised their price target on shares of F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. StockNews.com downgraded F5 from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th. Evercore ISI upped 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. Barclays upped their price target 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, F5 presently has a consensus rating of “Hold” and a consensus price target of $204.56.

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.