Touchstone Capital Inc. Trims Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Touchstone Capital Inc. reduced its holdings in shares of F5, Inc. (NASDAQ:FFIVGet Rating) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,010 shares of the network technology company’s stock after selling 103 shares during the period. F5 comprises approximately 10.8% of Touchstone Capital Inc.’s portfolio, making the stock its 2nd biggest holding. Touchstone Capital Inc. owned about 0.10% of F5 worth $12,539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atwood & Palmer Inc. bought a new position in shares of F5 in the first quarter worth approximately $31,000. NuWave Investment Management LLC bought a new position in shares of F5 in the first quarter worth approximately $41,000. Clearstead Advisors LLC grew its holdings in shares of F5 by 1,104.8% in the first quarter. Clearstead Advisors LLC now owns 253 shares of the network technology company’s stock worth $53,000 after purchasing an additional 232 shares during the last quarter. Mystic Asset Management Inc. bought a new position in shares of F5 in the fourth quarter worth approximately $88,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of F5 in the first quarter worth approximately $95,000. 91.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FFIV has been the topic of several recent analyst reports. Citigroup cut their target price on shares of F5 from $210.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 14th. Barclays cut their price target on shares of F5 from $216.00 to $205.00 and set an “overweight” rating on the stock in a report on Tuesday. Evercore ISI cut their price target on shares of F5 from $255.00 to $220.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Credit Suisse Group upped their target price on shares of F5 from $167.00 to $171.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley decreased their price target on shares of F5 from $235.00 to $205.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 13th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $209.36.

Insider Activity

In other news, EVP Ana Maria White sold 169 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $166.41, for a total transaction of $28,123.29. Following the sale, the executive vice president now directly owns 30,319 shares in the company, valued at approximately $5,045,384.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other F5 news, EVP Ana Maria White sold 169 shares of F5 stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $166.41, for a total value of $28,123.29. Following the sale, the executive vice president now directly owns 30,319 shares in the company, valued at approximately $5,045,384.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Mika Yamamoto sold 899 shares of F5 stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $171.33, for a total transaction of $154,025.67. Following the completion of the sale, the chief marketing officer now owns 6,698 shares in the company, valued at $1,147,568.34. The disclosure for this sale can be found here. Insiders have sold 3,678 shares of company stock worth $613,144 in the last three months. Company insiders own 0.46% of the company’s stock.

F5 Price Performance

Shares of FFIV stock opened at $164.70 on Thursday. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 6.82 and a beta of 1.15. F5, Inc. has a one year low of $142.43 and a one year high of $249.00. The company’s fifty day moving average price is $156.26 and its 200-day moving average price is $185.50.

F5 (NASDAQ:FFIVGet Rating) last announced its quarterly earnings data on Monday, July 25th. The network technology company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.23 by $0.34. The firm had revenue of $674.49 million for the quarter, compared to the consensus estimate of $667.81 million. F5 had a net margin of 12.83% and a return on equity of 19.06%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.98 EPS. Equities research analysts expect that F5, Inc. will post 6.26 earnings per share for the current fiscal year.

F5 Company 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.

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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