Charles Schwab Investment Management Inc. Sells 2,498 Shares of F5, Inc. (NASDAQ:FFIV)

Charles Schwab Investment Management Inc. lowered its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 497,863 shares of the network technology company's stock after selling 2,498 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.85% of F5 worth $109,629,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FFIV. American Century Companies Inc. lifted its position in F5 by 10.5% during the 2nd quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company's stock valued at $294,392,000 after purchasing an additional 162,820 shares during the period. Pacer Advisors Inc. lifted its holdings in F5 by 6,700.2% in the second quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company's stock valued at $146,118,000 after buying an additional 835,912 shares during the period. AQR Capital Management LLC lifted its holdings in F5 by 48.9% in the second quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company's stock valued at $111,932,000 after buying an additional 214,351 shares during the period. Dimensional Fund Advisors LP boosted its stake in F5 by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 598,605 shares of the network technology company's stock valued at $103,096,000 after acquiring an additional 48,742 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in F5 by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 523,982 shares of the network technology company's stock worth $90,245,000 after acquiring an additional 45,843 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Trading Up 1.3 %

Shares of FFIV stock traded up $3.18 during trading hours on Tuesday, hitting $251.92. 391,751 shares of the company were exchanged, compared to its average volume of 535,147. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $252.16. The business has a 50 day moving average of $227.29 and a two-hundred day moving average of $197.64. The company has a market capitalization of $14.77 billion, a PE ratio of 26.35, a PEG ratio of 3.34 and a beta of 1.05.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.45 by $0.22. The business had revenue of $747.00 million during the quarter, compared to the consensus estimate of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. F5's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $2.76 earnings per share. On average, research analysts forecast that F5, Inc. will post 11.01 EPS for the current year.

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

Insider Activity

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the 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 transaction, the chief executive officer now directly owns 121,122 shares of the company's stock, valued at approximately $26,436,087.72. This represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Francis J. Pelzer sold 600 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $217.50, for a total value of $130,500.00. Following the transaction, the chief financial officer now directly owns 30,425 shares in the company, valued at $6,617,437.50. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,475 shares of company stock worth $977,039 over the last ninety days. Insiders own 0.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FFIV. Needham & Company LLC raised their price target on F5 from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, July 30th. Morgan Stanley raised their target price on F5 from $215.00 to $230.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. Evercore ISI upped their price target on F5 from $180.00 to $210.00 and gave the company an "in-line" rating in a research note on Tuesday, July 30th. StockNews.com upgraded shares of F5 from a "buy" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Finally, Piper Sandler increased their target price on shares of F5 from $186.00 to $246.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.