Empowered Funds LLC Has $280,000 Stock Position in F5, Inc. (NASDAQ:FFIV)

Empowered Funds LLC reduced its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 96.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,112 shares of the network technology company's stock after selling 33,223 shares during the period. Empowered Funds LLC's holdings in F5 were worth $280,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Friedenthal Financial acquired a new stake in shares of F5 during the fourth quarter worth $50,000. Venturi Wealth Management LLC raised its stake in shares of F5 by 79.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company's stock valued at $70,000 after purchasing an additional 142 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of F5 in the third quarter valued at about $84,000. Blue Trust Inc. boosted its position in shares of 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 buying an additional 376 shares during the period. Finally, Covestor Ltd boosted its position in shares of F5 by 17.0% during the third quarter. Covestor Ltd now owns 862 shares of the network technology company's stock worth $190,000 after buying an additional 125 shares during the period. Institutional investors own 90.66% of the company's stock.

F5 Stock Down 0.1 %

Shares of FFIV stock traded down $0.23 on Tuesday, reaching $292.98. The stock had a trading volume of 590,442 shares, compared to its average volume of 614,033. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The firm has a market capitalization of $16.89 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 3.85 and a beta of 1.06. The firm's 50-day moving average is $276.88 and its two-hundred day moving average is $242.91.

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F5 declared that its board has authorized a stock buyback plan 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 repurchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have commented on FFIV shares. Bank of America boosted their target price on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Friday, January 31st. Evercore ISI boosted their price objective 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. Piper Sandler increased their target price on shares of F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. The Goldman Sachs Group lifted their price target on shares of F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley lifted their target price on F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $295.00.

Insider Buying and Selling at F5

In other F5 news, Director Marianne Budnik sold 728 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the transaction, the director now directly owns 1,770 shares in the company, valued at $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the sale, the chief executive officer now owns 151,247 shares of the company's stock, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,574 shares of company stock worth $3,455,057 over the last 90 days. 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.