American Century Companies Inc. Has $205.50 Million Stake in F5, Inc. (NASDAQ:FFIV)

American Century Companies Inc. reduced its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 817,210 shares of the network technology company's stock after selling 407,943 shares during the period. American Century Companies Inc. owned 1.41% of F5 worth $205,504,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Edge Capital Group LLC acquired a new stake in F5 in the 4th quarter valued at about $59,623,000. Cookson Peirce & Co. Inc. acquired a new position in F5 during the 4th quarter worth approximately $53,212,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in F5 by 3.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company's stock valued at $1,208,763,000 after acquiring an additional 191,020 shares during the period. Point72 Asset Management L.P. purchased a new position in F5 in the third quarter valued at about $35,090,000. Finally, Jupiter Asset Management Ltd. boosted its position in F5 by 83.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company's stock worth $74,562,000 after purchasing an additional 134,537 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

F5 Trading Down 1.0 %

F5 stock traded down $2.76 during mid-day trading on Thursday, hitting $270.08. 356,133 shares of the company's stock were exchanged, compared to its average volume of 540,255. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The stock has a 50 day moving average of $284.79 and a two-hundred day moving average of $253.79. The stock has a market cap of $15.57 billion, a P/E ratio of 26.85, a P/E/G ratio of 3.85 and a beta of 1.10.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley boosted their price target on F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Barclays boosted their target price on F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Piper Sandler boosted their price objective on shares of F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Evercore ISI boosted their target price on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research report on Friday, January 17th. Finally, Needham & Company LLC boosted their target price on shares of F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $295.00.

Insider Transactions at F5

In related news, Director Marianne Budnik sold 1,872 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the transaction, the director now owns 1,207 shares in the company, valued at $314,689.04. The trade was a 60.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the transaction, the insider now directly owns 200 shares in the company, valued at $59,452. The trade was a 55.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,932 shares of company stock worth $4,965,150. Company insiders own 0.52% of the company's stock.

About F5

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.