Leeward Investments LLC MA Cuts Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Leeward Investments LLC MA lowered its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,519 shares of the network technology company's stock after selling 1,666 shares during the period. Leeward Investments LLC MA owned approximately 0.09% of F5 worth $12,704,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of F5 by 3.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company's stock worth $1,208,763,000 after purchasing an additional 191,020 shares in the last quarter. State Street Corp boosted its position in shares of F5 by 0.5% during the third quarter. State Street Corp now owns 3,187,222 shares of the network technology company's stock valued at $701,825,000 after buying an additional 16,663 shares during the last quarter. Geode Capital Management LLC increased its holdings 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. JPMorgan Chase & Co. increased its holdings in F5 by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company's stock worth $90,090,000 after buying an additional 81,005 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in F5 by 7.7% in the 3rd quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company's stock worth $83,101,000 after buying an additional 27,124 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of analysts have recently commented on FFIV shares. JPMorgan Chase & Co. lifted their price target on shares of F5 from $225.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. The Goldman Sachs Group lifted their target price on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Barclays increased their price target on F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Evercore ISI lifted 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. Finally, Bank of America increased their target price on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $295.00.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the sale, the chief executive officer now owns 151,247 shares in the company, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marianne Budnik sold 728 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 11,574 shares of company stock valued at $3,455,057. 0.52% of the stock is owned by corporate insiders.

F5 Stock Up 0.6 %

FFIV traded up $1.84 during midday trading on Wednesday, reaching $294.82. The company had a trading volume of 484,824 shares, compared to its average volume of 610,715. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00. The company has a market cap of $17.00 billion, a P/E ratio of 29.31, a P/E/G ratio of 3.85 and a beta of 1.06. The business has a 50-day moving average of $276.88 and a two-hundred day moving average of $242.91.

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.