Amalgamated Bank Has $4.26 Million Position in F5, Inc. (NASDAQ:FFIV)

Amalgamated Bank cut its stake in shares of F5, Inc. (NASDAQ:FFIVGet Rating) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,371 shares of the network technology company’s stock after selling 1,095 shares during the quarter. Amalgamated Bank’s holdings in F5 were worth $4,257,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FFIV. Wahed Invest LLC acquired a new position in F5 during the 4th quarter worth about $173,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of F5 by 6.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,059 shares of the network technology company’s stock valued at $11,271,000 after purchasing an additional 2,700 shares during the period. Weiss Multi Strategy Advisers LLC lifted its stake in shares of F5 by 22.4% in the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 23,320 shares of the network technology company’s stock valued at $5,707,000 after purchasing an additional 4,272 shares during the period. Mystic Asset Management Inc. acquired a new position in shares of F5 in the 4th quarter valued at about $88,000. Finally, DNB Asset Management AS lifted its stake in shares of F5 by 6.0% in the 1st quarter. DNB Asset Management AS now owns 11,465 shares of the network technology company’s stock valued at $2,396,000 after purchasing an additional 646 shares during the period. 93.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity at F5

In related news, EVP Ana Maria White sold 170 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $152.62, for a total transaction of $25,945.40. Following the completion of the sale, the executive vice president now directly owns 29,979 shares of the company’s stock, valued at $4,575,394.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $171.95, for a total transaction of $85,975.00. Following the completion of the transaction, the chief financial officer now directly owns 19,236 shares of the company’s stock, valued at $3,307,630.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ana Maria White sold 170 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $152.62, for a total value of $25,945.40. Following the transaction, the executive vice president now directly owns 29,979 shares of the company’s stock, valued at $4,575,394.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,892 shares of company stock valued at $988,147. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FFIV has been the topic of a number of recent analyst reports. Barclays dropped their price objective on F5 from $216.00 to $205.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 26th. Bank of America lowered F5 from a “buy” rating to a “neutral” rating and cut their price target for the stock from $215.00 to $170.00 in a report on Wednesday, July 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $178.00 price target on shares of F5 in a report on Thursday, July 14th. Cowen cut their price target on F5 from $212.00 to $208.00 and set an “outperform” rating on the stock in a report on Tuesday, July 26th. Finally, Credit Suisse Group increased their price target on F5 from $167.00 to $171.00 and gave the stock a “neutral” rating in a report on Tuesday, July 26th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, F5 presently has a consensus rating of “Hold” and an average price target of $211.38.

F5 Trading Down 1.1 %

Shares of FFIV opened at $146.83 on Wednesday. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 4.67 and a beta of 1.16. The stock has a 50 day moving average of $160.84 and a 200 day moving average of $172.30. F5, Inc. has a 12 month low of $142.43 and a 12 month high of $249.00.

F5 (NASDAQ:FFIVGet Rating) last issued its quarterly earnings results on Monday, July 25th. The network technology company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.34. The company had revenue of $674.49 million during the quarter, compared to the consensus estimate of $667.81 million. F5 had a return on equity of 19.06% and a net margin of 12.83%. F5’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $1.98 earnings per share. As a group, equities research analysts predict that F5, Inc. will post 6.79 earnings per share for the current year.

About F5

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F5, Inc provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.

See Also

Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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