UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 179,929 Shares of F5, Inc. (NASDAQ:FFIV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 25.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 534,207 shares of the network technology company's stock after selling 179,929 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.92% of F5 worth $117,632,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Family Firm Inc. acquired a new position in F5 in the second quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new position in F5 during the third quarter valued at approximately $28,000. Quest Partners LLC increased its stake in F5 by 9,100.0% in the second quarter. Quest Partners LLC now owns 184 shares of the network technology company's stock valued at $32,000 after purchasing an additional 182 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in F5 in the third quarter worth $32,000. Finally, Blue Trust Inc. boosted its position in shares of F5 by 49.7% during the second quarter. Blue Trust Inc. now owns 241 shares of the network technology company's stock worth $46,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group increased their target price on F5 from $212.00 to $241.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Morgan Stanley upped their target price on shares of F5 from $215.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. StockNews.com upgraded F5 from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Piper Sandler increased their price target on shares of F5 from $186.00 to $246.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $233.56.

F5 Stock Performance

Shares of NASDAQ:FFIV traded up $1.79 during midday trading on Monday, hitting $252.14. 479,566 shares of the stock were exchanged, compared to its average volume of 533,053. The business's 50-day moving average price is $230.04 and its 200 day moving average price is $199.84. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 3.38 and a beta of 1.05. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $253.62.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly 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 firm had revenue of $747.00 million for the quarter, compared to analysts' expectations of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.76 EPS. As a group, sell-side analysts expect that F5, Inc. will post 11.01 EPS for the current year.

F5 declared that its board has authorized a stock buyback program 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 purchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at F5

In other F5 news, CFO Francis J. Pelzer sold 600 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $217.50, for a total value of $130,500.00. Following the completion of the transaction, the chief financial officer now directly owns 30,425 shares in the company, valued at approximately $6,617,437.50. This represents a 1.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,450 shares of the firm's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total value of $316,477.00. Following the transaction, the chief executive officer now directly owns 121,122 shares of the company's stock, valued at $26,436,087.72. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,475 shares of company stock worth $977,039. Corporate insiders own 0.58% of the company's stock.

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.