Application Security

Hartford Investment Management Co. reduces its equity position in F5, Inc. (NASDAQ:FFIV)

Hartford Investment Management Co. reduces its equity position in F5, Inc. (NASDAQ:FFIV)
Written by ga_dahmani
Hartford Investment Management Co. reduces its equity position in F5, Inc. (NASDAQ:FFIV)

Hartford Investment Management Co. cut its stake in F5, Inc. (NASDAQ: FFIVget rating) by 6.2% in the first quarter, according to the company in its most recent disclosure to the SEC. The institutional investor owned 5,794 shares of the network technology company after selling 384 shares during the quarter. Hartford Investment Management Co.’s holdings in F5 were worth $1,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently changed their stock holdings. NuWave Investment Management LLC purchased a new position in F5 stock in the first quarter valued at approximately $41,000. Mystic Asset Management Inc. purchased a new position in F5 in the fourth quarter valued at $88,000. Capital Analysts LLC increased its position in F5 shares by 23.4% during the fourth quarter. Capital Analysts LLC now owns 591 shares of the network technology company valued at $144,000 after buying an additional 112 shares last quarter. Wahed Invest LLC purchased a new position in F5 during the fourth quarter worth approximately $173,000. Ultimately, Fernwood Investment Management LLC purchased a new share of F5 stock in the fourth quarter valued at about $208,000. Currently, 91.13% of the shares are owned by institutional investors and hedge funds.

Actions of NASDAQ FF IV opened at $153.34 on Tuesday. F5, Inc. has a 12-month minimum of $147.47 and a 12-month maximum of $249.00. The company has a fifty day simple moving average of $162.10 and a two hundred day simple moving average of $194.74. The company has a market capitalization of $9.27 billion, a PE ratio of 26.95, a price/earnings growth ratio of 4.46, and a beta of 1.15.

F5 (NASDAQ: FFIVget rating) last published its quarterly earnings results on Tuesday, April 26. The network technology company reported earnings of $1.30 per share for the quarter, beating the consensus estimate of $1.16 by $0.14. The company had revenue of $634.22 million in the quarter, compared to analyst estimates of $634.20 million. F5 had a return on equity of 19.98% and a net margin of 13.19%. The company’s revenue fell 1.7% year over year. During the same period last year, the company posted earnings per share of $1.70. Research analysts expect F5, Inc. to post 6.21 EPS for the current year.

Several research companies recently weighed in on FFIV. Royal Bank of Canada lowered the price target on F5 shares from $210.00 to $200.00 and set an “industry performance” rating on the stock in a research report on Wednesday, April 27. Barclays lowered its price target on F5 from $232.00 to $216.00 in a research report on Thursday April 28. StockNews.com cut F5 from a “strong buy” rating to a “buy” rating in a report on Friday, May 6. Bank of America lowered its price target on F5 shares from $265.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27. Finally, Piper Sandler cut F5’s share price target from $227.00 to $197.00 and set an “overweight” rating on the company in a research note on Wednesday, April 27. Four equity research analysts have rated the stock a hold rating and thirteen have given the company a buy rating. According to MarketBeat.com, the company has an average “Moderate Buy” rating and an average price target of $235.77.

In other news, EVP Anna Maria Blanca sold 169 shares of the company’s capital stock in a transaction that occurred on Monday, May 2. The shares were sold at an average price of $166.41, for a total value of $28,123.29. Following the transaction, the executive vice president now owns 30,319 shares of the company, valued at $5,045,384.79. The sale was disclosed in a legal filing with the SEC, which is available at this link. In addition, EVP Chad Michael Whalen sold 254 shares of the company’s capital stock in a transaction that occurred on Tuesday, May 10. The shares were sold at an average price of $168.68, for a total transaction of $42,844.72. Following the completion of the transaction, the Executive Vice President now owns 8,677 shares of the company, valued at $1,463,636.36. Disclosure of this sale can be found here. In the last 90 days, the experts sold 4,008 shares of the company for a value of $686,283. Corporate insiders own 0.31% of the company’s shares.

Profile F5 (get rating)

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 on any architecture, from on-premises to the public cloud.

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Want to see what other hedge funds have FFIV? Visit HoldingsChannel.com for the latest 13F filings and insider trading for F5, Inc. (NASDAQ: FFIVget rating).

Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)



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