Boston Trust Walden Corp Purchases 7,341 Shares of F5, Inc. (NASDAQ:FFIV)

Boston Trust Walden Corp raised its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 194,820 shares of the network technology company's stock after buying an additional 7,341 shares during the quarter. Boston Trust Walden Corp owned 0.33% of F5 worth $48,991,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Wedge Capital Management L L P NC purchased a new position in F5 during the 3rd quarter valued at about $61,386,000. Los Angeles Capital Management LLC boosted its holdings in shares of F5 by 1,681.1% during the third quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company's stock worth $62,898,000 after purchasing an additional 269,602 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in F5 by 3.6% during 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 purchasing an additional 191,020 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in F5 in the 3rd quarter valued at approximately $35,090,000. Finally, Geode Capital Management LLC lifted its position in F5 by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company's stock worth $345,560,000 after buying an additional 117,080 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at F5

In other F5 news, Director Marianne Budnik sold 728 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the sale, the director now owns 1,770 shares of the company's stock, valued at $538,876.50. This trade represents a 29.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the transaction, the executive vice president now directly owns 27,264 shares in the company, valued at approximately $7,915,557.12. This represents a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,899 shares of company stock worth $1,682,977. 0.52% of the stock is owned by insiders.

F5 Stock Up 1.6 %

FFIV stock traded up $4.59 during midday trading on Tuesday, hitting $299.78. 806,667 shares of the company traded hands, compared to its average volume of 674,062. The business has a 50 day simple moving average of $261.18 and a 200-day simple moving average of $229.38. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $308.00. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 3.97 and a beta of 1.06.

F5 announced that its board has initiated a stock repurchase program on Monday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network technology company to purchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on FFIV shares. Bank of America boosted their price target on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Friday. Barclays boosted their target price on F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Piper Sandler raised their price target on F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. StockNews.com raised F5 from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Finally, Evercore ISI increased their price objective on F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, F5 currently has an average rating of "Hold" and a consensus target price of $295.00.

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.