Leeward Investments LLC MA Trims Stake in F5, Inc. (NASDAQ:FFIV)

Leeward Investments LLC MA lowered its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 20.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,185 shares of the network technology company's stock after selling 13,508 shares during the quarter. Leeward Investments LLC MA owned 0.09% of F5 worth $11,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. First Trust Direct Indexing L.P. boosted its stake in shares of F5 by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company's stock worth $447,000 after buying an additional 58 shares during the period. Simon Quick Advisors LLC raised its holdings in F5 by 4.9% during the second quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company's stock worth $233,000 after purchasing an additional 63 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in F5 by 0.6% during the first quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company's stock worth $2,186,000 after purchasing an additional 64 shares in the last quarter. Profund Advisors LLC raised its holdings in F5 by 6.3% during the second quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company's stock worth $204,000 after purchasing an additional 70 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in F5 by 0.3% during the second quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company's stock worth $4,862,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Transactions at F5

In other F5 news, Director Alan Higginson sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $201.65, for a total value of $201,650.00. Following the sale, the director now owns 10,707 shares in the company, valued at $2,159,066.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.73, for a total value of $98,365.00. Following the completion of the transaction, the chief financial officer now directly owns 31,125 shares in the company, valued at approximately $6,123,221.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan Higginson sold 1,000 shares of the firm's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $201.65, for a total value of $201,650.00. Following the transaction, the director now directly owns 10,707 shares of the company's stock, valued at approximately $2,159,066.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,250 shares of company stock valued at $897,594 over the last three months. Company insiders own 0.58% of the company's stock.

Wall Street Analyst Weigh In

FFIV has been the subject of several analyst reports. The Goldman Sachs Group increased their price target on shares of F5 from $212.00 to $241.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. StockNews.com raised shares of F5 from a "buy" rating to a "strong-buy" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. increased their target price on shares of F5 from $225.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Royal Bank of Canada increased their price target on shares of F5 from $205.00 to $240.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 29th. Finally, Barclays lifted their price target on shares of F5 from $214.00 to $246.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $233.56.

F5 Stock Up 0.7 %

F5 stock traded up $1.76 during mid-day trading on Thursday, reaching $241.88. The company had a trading volume of 440,691 shares, compared to its average volume of 535,937. F5, Inc. has a 52 week low of $155.34 and a 52 week high of $250.46. The company has a 50 day moving average of $216.91 and a 200-day moving average of $191.17. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 3.13 and a beta of 1.05.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results 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 analysts' expectations of $730.43 million. F5 had a net margin of 20.13% and a return on equity of 20.80%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $2.76 EPS. On average, analysts predict that F5, Inc. will post 10.99 earnings per share for the current fiscal year.

F5 declared that its board has initiated a share repurchase plan on Monday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the network technology company to buy up to 7.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

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.