F5, Inc. (NASDAQ:FFIV) Shares Sold by Fort L.P.

Fort L.P. trimmed its position in shares of F5, Inc. (NASDAQ:FFIV) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,292 shares of the network technology company’s stock after selling 56 shares during the period. Fort L.P.’s holdings in F5 were worth $284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in shares of F5 by 424.1% in the 1st quarter. Bessemer Group Inc. now owns 7,604 shares of the network technology company’s stock valued at $1,442,000 after purchasing an additional 6,153 shares during the last quarter. LSV Asset Management bought a new position in shares of F5 during the 1st quarter worth about $1,479,000. ProShare Advisors LLC increased its holdings in shares of F5 by 60.7% during the 1st quarter. ProShare Advisors LLC now owns 17,083 shares of the network technology company’s stock worth $3,239,000 after purchasing an additional 6,451 shares during the period. Bank of Montreal Can increased its holdings in shares of F5 by 3.9% during the 2nd quarter. Bank of Montreal Can now owns 308,159 shares of the network technology company’s stock worth $53,247,000 after purchasing an additional 11,525 shares during the period. Finally, Janus Henderson Group PLC increased its stake in F5 by 195.1% in the first quarter. Janus Henderson Group PLC now owns 21,994 shares of the network technology company’s stock valued at $4,170,000 after acquiring an additional 14,541 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

F5 Stock Down 0.7 %

NASDAQ FFIV traded down $1.68 during trading hours on Friday, hitting $232.20. The company’s stock had a trading volume of 665,447 shares, compared to its average volume of 709,715. The stock has a fifty day moving average of $214.78 and a 200 day moving average of $189.96. F5, Inc. has a twelve month low of $149.40 and a twelve month high of $250.46. The firm has a market capitalization of $13.53 billion, a P/E ratio of 24.29, a PEG ratio of 3.17 and a beta of 1.05.

F5 (NASDAQ:FFIV) last announced its quarterly earnings data on Monday, October 28th. The network technology company reported $3.67 earnings per share for the quarter, beating the consensus estimate of $3.45 by $0.22. F5 had a net margin of 20.13% and a return on equity of 20.80%. The business had revenue of $747.00 million for the quarter, compared to analyst estimates of $730.43 million. During the same period in the prior year, the business posted $2.76 earnings per share. F5’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that F5, Inc. will post 10.99 earnings per share for the current year.

F5 announced that its Board of Directors has initiated a stock buyback program on Monday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the network technology company to buy up to 7.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $188.35, for a total value of $273,107.50. Following the completion of the sale, the chief executive officer now owns 124,022 shares of the company’s stock, valued at approximately $23,359,543.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $196.73, for a total transaction of $98,365.00. Following the completion of the sale, the chief financial officer now owns 31,125 shares of the company’s stock, valued at $6,123,221.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $188.35, for a total transaction of $273,107.50. Following the sale, the chief executive officer now directly owns 124,022 shares of the company’s stock, valued at $23,359,543.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,700 shares of company stock valued at $1,170,702. Corporate insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

FFIV has been the topic of a number of analyst reports. StockNews.com raised shares of F5 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group boosted their price target on shares of F5 from $212.00 to $241.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Piper Sandler boosted their price target on shares of F5 from $186.00 to $246.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Barclays boosted their price target on shares of F5 from $214.00 to $246.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley boosted their price target on shares of F5 from $215.00 to $230.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $233.56.

F5 Company Profile

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.