SG Americas Securities LLC Sells 1,766 Shares of F5, Inc. (NASDAQ:FFIV)

SG Americas Securities LLC decreased its position in F5, Inc. (NASDAQ:FFIVGet Rating) by 43.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,260 shares of the network technology company’s stock after selling 1,766 shares during the period. SG Americas Securities LLC’s holdings in F5 were worth $472,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FFIV. Atwood & Palmer Inc. bought a new position in F5 in the first quarter valued at about $31,000. NuWave Investment Management LLC bought a new position in F5 in the first quarter valued at about $41,000. Mystic Asset Management Inc. bought a new position in F5 in the fourth quarter valued at about $88,000. Exchange Traded Concepts LLC bought a new position in F5 in the first quarter valued at about $95,000. Finally, Capital Analysts LLC lifted its stake in F5 by 23.4% in the fourth quarter. Capital Analysts LLC now owns 591 shares of the network technology company’s stock valued at $144,000 after buying an additional 112 shares during the period. Institutional investors own 91.13% of the company’s stock.

F5 Stock Performance

NASDAQ:FFIV opened at $172.38 on Friday. The company has a market cap of $10.42 billion, a PE ratio of 30.78, a PEG ratio of 5.44 and a beta of 1.15. F5, Inc. has a 52-week low of $142.43 and a 52-week high of $249.00. The stock has a 50-day simple moving average of $157.64 and a 200 day simple moving average of $182.08.

F5 (NASDAQ:FFIVGet Rating) last posted its quarterly earnings data on Monday, July 25th. The network technology company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.34. The business 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 quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $1.98 earnings per share. On average, research analysts predict that F5, Inc. will post 6.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other F5 news, EVP Chad Michael Whalen sold 254 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $168.68, for a total value of $42,844.72. Following the completion of the transaction, the executive vice president now directly owns 8,677 shares in the company, valued at $1,463,636.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other F5 news, EVP Scot Frazier Rogers sold 878 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $165.56, for a total value of $145,361.68. Following the completion of the transaction, the executive vice president now directly owns 10,201 shares in the company, valued at $1,688,877.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Chad Michael Whalen sold 254 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $168.68, for a total value of $42,844.72. Following the completion of the transaction, the executive vice president now owns 8,677 shares of the company’s stock, valued at $1,463,636.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,705 shares of company stock worth $1,112,127. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Loop Capital cut their target price on F5 from $273.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Morgan Stanley cut their target price on F5 from $235.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 13th. Citigroup cut their target price on F5 from $210.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 14th. Royal Bank of Canada cut their target price on F5 from $210.00 to $200.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 27th. Finally, TheStreet lowered F5 from a “b” rating to a “c+” rating in a research note on Tuesday, May 17th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $211.38.

F5 Profile

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

Recommended Stories

Want to see what other hedge funds are holding FFIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F5, Inc. (NASDAQ:FFIVGet Rating).

Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter.