Northern Trust Corp Decreases Stock Position in F5, Inc. (NASDAQ:FFIV)

Northern Trust Corp trimmed its position in F5, Inc. (NASDAQ:FFIVFree Report) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 700,213 shares of the network technology company’s stock after selling 9,666 shares during the period. Northern Trust Corp owned about 1.19% of F5 worth $125,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC purchased a new position in F5 in the 4th quarter valued at about $25,000. Pacific Capital Wealth Advisors Inc. purchased a new position in F5 in the 4th quarter valued at about $34,000. Washington Trust Advisors Inc. purchased a new position in F5 in the 4th quarter valued at about $36,000. Janiczek Wealth Management LLC lifted its holdings in F5 by 56.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock valued at $46,000 after purchasing an additional 93 shares in the last quarter. Finally, Anchor Investment Management LLC purchased a new position in F5 in the 4th quarter valued at about $51,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the transaction, the chief financial officer now directly owns 31,790 shares in the company, valued at approximately $6,012,124.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the transaction, the chief financial officer now directly owns 31,790 shares in the company, valued at approximately $6,012,124.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $188.85, for a total value of $273,832.50. Following the transaction, the chief executive officer now owns 121,801 shares in the company, valued at $23,002,118.85. The disclosure for this sale can be found here. In the last three months, insiders sold 11,766 shares of company stock worth $2,026,260. 0.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Barclays cut their price objective on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 30th. Royal Bank of Canada cut their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 30th. Piper Sandler reiterated a “neutral” rating and set a $167.00 price objective (down from $187.00) on shares of F5 in a report on Tuesday, April 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $220.00 price objective on shares of F5 in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $185.10.

Read Our Latest Analysis on F5

F5 Stock Up 1.1 %

Shares of NASDAQ:FFIV opened at $167.31 on Tuesday. F5, Inc. has a 52-week low of $142.16 and a 52-week high of $199.49. The company has a 50 day moving average of $176.44 and a two-hundred day moving average of $179.64. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09.

F5 (NASDAQ:FFIVGet Free Report) last issued its quarterly earnings data on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.03. The company had revenue of $681.00 million during the quarter, compared to the consensus estimate of $685.47 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. F5’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.70 earnings per share. On average, equities analysts anticipate that F5, Inc. will post 9.64 earnings per share for the current year.

About F5

(Free Report)

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.

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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