Migdal Insurance & Financial Holdings Ltd. Sells 250 Shares of F5, Inc. (NASDAQ:FFIV)

Migdal Insurance & Financial Holdings Ltd. reduced its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,390 shares of the network technology company’s stock after selling 250 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in F5 were worth $1,865,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of F5 by 4.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,636 shares of the network technology company’s stock valued at $2,799,000 after acquiring an additional 596 shares during the period. Hamilton Point Investment Advisors LLC lifted its position in F5 by 0.6% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 31,984 shares of the network technology company’s stock valued at $5,724,000 after purchasing an additional 198 shares in the last quarter. Strs Ohio grew its holdings in F5 by 20.7% during the fourth quarter. Strs Ohio now owns 12,001 shares of the network technology company’s stock valued at $2,147,000 after purchasing an additional 2,057 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in F5 by 9.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 164,967 shares of the network technology company’s stock worth $29,526,000 after buying an additional 13,711 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of F5 in the fourth quarter worth about $644,000. 90.66% of the stock is currently owned by institutional investors.

Insider Transactions at F5

In related news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $180.09, for a total transaction of $90,045.00. Following the completion of the transaction, the chief financial officer now owns 31,508 shares in the company, valued at approximately $5,674,275.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $180.09, for a total value of $90,045.00. Following the completion of the sale, the chief financial officer now directly owns 31,508 shares of the company’s stock, valued at approximately $5,674,275.72. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thomas Dean Fountain sold 851 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $183.06, for a total transaction of $155,784.06. Following the transaction, the executive vice president now directly owns 15,008 shares in the company, valued at $2,747,364.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,201 shares of company stock worth $1,908,705. 0.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FFIV. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price objective on shares of F5 in a research note on Tuesday, February 13th. KeyCorp lifted their target price on F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th. Piper Sandler raised their price target on F5 from $170.00 to $187.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. lifted their price objective on F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $204.00 target price on shares of F5 in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, F5 has a consensus rating of “Hold” and a consensus price target of $186.82.

F5 Stock Down 1.0 %

NASDAQ FFIV opened at $181.30 on Thursday. F5, Inc. has a 52 week low of $127.05 and a 52 week high of $199.49. The firm has a market capitalization of $10.66 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 2.70 and a beta of 1.11. The company has a fifty day moving average of $188.23 and a two-hundred day moving average of $175.27.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, beating the consensus estimate of $3.04 by $0.39. The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $684.77 million. F5 had a net margin of 16.43% and a return on equity of 20.81%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 EPS. Equities research analysts anticipate that F5, Inc. will post 9.58 EPS for the current year.

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.