F5, Inc. (NASDAQ:FFIV) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC grew its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 1,175.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,734 shares of the network technology company's stock after purchasing an additional 16,344 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in F5 were worth $4,460,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FFIV. Creative Planning grew its position in shares of F5 by 8.7% in the third quarter. Creative Planning now owns 4,342 shares of the network technology company's stock valued at $956,000 after purchasing an additional 348 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in F5 during the third quarter worth approximately $211,000. Blue Trust Inc. boosted its position in F5 by 156.0% during the third quarter. Blue Trust Inc. now owns 617 shares of the network technology company's stock worth $136,000 after acquiring an additional 376 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in F5 during the third quarter worth approximately $28,000. Finally, Sequoia Financial Advisors LLC boosted its position in F5 by 2.1% during the third quarter. Sequoia Financial Advisors LLC now owns 13,738 shares of the network technology company's stock worth $3,025,000 after acquiring an additional 282 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at F5

In other news, CEO Francois Locoh-Donou sold 6,500 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the transaction, the chief executive officer now owns 151,247 shares of the company's stock, valued at approximately $45,836,915.82. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Marianne Budnik sold 728 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares in the company, valued at approximately $538,876.50. This represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,574 shares of company stock worth $3,455,057 in the last quarter. 0.52% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of F5 from $225.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. StockNews.com upgraded shares of F5 from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Morgan Stanley raised their target price on shares of F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Piper Sandler raised their target price on shares of F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Bank of America raised their target price on shares of F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, F5 currently has an average rating of "Hold" and an average price target of $295.00.

F5 Trading Down 3.0 %

Shares of FFIV traded down $9.04 during mid-day trading on Friday, reaching $295.56. The company had a trading volume of 467,919 shares, compared to its average volume of 703,624. The stock has a market cap of $17.04 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06. The firm has a fifty day simple moving average of $275.62 and a 200-day simple moving average of $241.08. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00.

F5 declared that its Board of Directors has approved a share buyback plan on Monday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the network technology company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

F5 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.