Atria Investments Inc Sells 2,775 Shares of F5, Inc. (NASDAQ:FFIV)

Atria Investments Inc reduced its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 65.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,466 shares of the network technology company's stock after selling 2,775 shares during the period. Atria Investments Inc's holdings in F5 were worth $323,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC acquired a new position in shares of F5 during the first quarter valued at $274,000. Bessemer Group Inc. grew its position in F5 by 424.1% in the 1st quarter. Bessemer Group Inc. now owns 7,604 shares of the network technology company's stock worth $1,442,000 after purchasing an additional 6,153 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of F5 in the first quarter valued at approximately $1,415,000. Price T Rowe Associates Inc. MD raised its holdings in shares of F5 by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 80,292 shares of the network technology company's stock valued at $15,224,000 after buying an additional 811 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of F5 during the first quarter worth approximately $2,133,000. 90.66% of the stock is owned by institutional investors.

Insider Transactions at F5

In related news, Director Alan Higginson sold 825 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $239.77, for a total transaction of $197,810.25. Following the transaction, the director now owns 9,882 shares of the company's stock, valued at approximately $2,369,407.14. This trade represents a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 1,450 shares of the business's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total transaction of $316,477.00. Following the completion of the sale, the chief executive officer now directly owns 121,122 shares of the company's stock, valued at $26,436,087.72. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,575 shares of company stock valued at $997,039. 0.58% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of F5 from $186.00 to $246.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Barclays boosted their price target on shares of F5 from $214.00 to $246.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 29th. Royal Bank of Canada increased their price objective on shares of F5 from $205.00 to $240.00 and gave the company a "sector perform" rating in a report on Tuesday, October 29th. The Goldman Sachs Group upped their target price on F5 from $212.00 to $241.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley increased their price target on F5 from $215.00 to $230.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, F5 currently has a consensus rating of "Hold" and a consensus target price of $233.56.

F5 Stock Up 1.1 %

Shares of F5 stock traded up $2.69 during trading on Friday, hitting $246.98. The stock had a trading volume of 346,441 shares, compared to its average volume of 721,421. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $250.46. The stock has a 50 day simple moving average of $226.58 and a 200 day simple moving average of $196.91. The company has a market capitalization of $14.48 billion, a PE ratio of 25.83, a P/E/G ratio of 3.30 and a beta of 1.05.

F5 (NASDAQ:FFIV - Get Free Report) last issued its earnings results on Monday, October 28th. The network technology company reported $3.67 EPS for the quarter, topping the consensus estimate of $3.45 by $0.22. The business had revenue of $747.00 million during the quarter, compared to analysts' expectations of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. F5's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.76 earnings per share. As a group, equities analysts expect that F5, Inc. will post 11.01 earnings per share for the current fiscal year.

F5 declared that its board has initiated a share repurchase plan on Monday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network technology company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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.