Wellington Management Group LLP Trims Stake in F5, Inc. (NASDAQ:FFIV)

Wellington Management Group LLP decreased its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 733,634 shares of the network technology company's stock after selling 100,462 shares during the quarter. Wellington Management Group LLP owned 1.27% of F5 worth $184,487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in F5 by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock valued at $1,897,154,000 after acquiring an additional 64,261 shares during the last quarter. State Street Corp boosted its stake 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 purchasing an additional 16,663 shares during the period. Geode Capital Management LLC grew its holdings in shares of F5 by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company's stock worth $345,560,000 after purchasing an additional 117,080 shares during the last quarter. Norges Bank purchased a new position in F5 in the 4th quarter worth about $171,127,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in F5 by 598.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock valued at $106,944,000 after buying an additional 364,372 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

FFIV has been the topic of a number of research analyst reports. Piper Sandler upped their target price on shares of F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Morgan Stanley raised their price objective on F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. The Goldman Sachs Group upped their target price on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Barclays increased their price target on F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Finally, Evercore ISI raised their price target on F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $295.00.

F5 Stock Performance

Shares of NASDAQ FFIV traded down $11.73 during mid-day trading on Friday, reaching $239.25. The company's stock had a trading volume of 725,506 shares, compared to its average volume of 569,659. The stock has a market capitalization of $13.79 billion, a P/E ratio of 23.78, a P/E/G ratio of 3.85 and a beta of 1.14. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The stock has a 50-day moving average of $283.88 and a two-hundred day moving average of $256.18.

Insiders Place Their Bets

In related news, insider Lyra Amber Schramm sold 253 shares of the company's stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the sale, the insider now owns 200 shares of the company's stock, valued at approximately $59,452. This represents a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Marianne Budnik sold 728 shares of F5 stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now directly owns 1,770 shares in the company, valued at $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,232 shares of company stock valued at $5,310,131 in the last ninety days. 0.52% of the stock is currently owned by corporate insiders.

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.