Wellington Management Group LLP Has $183.67 Million Holdings in F5, Inc. (NASDAQ:FFIV)

Wellington Management Group LLP lowered its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 834,096 shares of the network technology company's stock after selling 75,357 shares during the period. Wellington Management Group LLP owned approximately 1.43% of F5 worth $183,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in FFIV. Family Firm Inc. bought a new position in F5 in the second quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new stake in F5 in the 3rd quarter worth approximately $28,000. Quest Partners LLC boosted its position in F5 by 9,100.0% in the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company's stock worth $32,000 after purchasing an additional 182 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in F5 in the 3rd quarter worth approximately $32,000. Finally, Blue Trust Inc. boosted its position in F5 by 49.7% in the 2nd 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 own 90.66% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on FFIV. The Goldman Sachs Group increased their price objective on F5 from $212.00 to $241.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Barclays increased their price target on F5 from $214.00 to $246.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. Piper Sandler raised their target price on F5 from $186.00 to $246.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. StockNews.com raised F5 from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada increased their price target on F5 from $205.00 to $240.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $233.56.

F5 Price Performance

Shares of FFIV traded up $0.78 during trading hours on Monday, hitting $257.92. 510,197 shares of the company were exchanged, compared to its average volume of 531,858. The company has a market capitalization of $15.12 billion, a PE ratio of 26.98, a PEG ratio of 3.48 and a beta of 1.06. The firm has a fifty day simple moving average of $233.39 and a 200-day simple moving average of $202.67. F5, Inc. has a one year low of $159.01 and a one year high of $260.01.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.45 by $0.22. F5 had a return on equity of 20.80% and a net margin of 20.13%. The company had revenue of $747.00 million during the quarter, compared to analyst estimates of $730.43 million. During the same quarter in the prior year, the company earned $2.76 earnings per share. The company's revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts expect that F5, Inc. will post 11.01 EPS for the current year.

F5 declared that its Board of Directors has initiated a share repurchase plan on Monday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network technology company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the firm's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total value of $316,477.00. Following the completion of the sale, the chief executive officer now directly owns 121,122 shares in the company, valued at approximately $26,436,087.72. This trade represents a 1.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alan Higginson sold 825 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $239.77, for a total transaction of $197,810.25. Following the completion of the sale, the director now owns 9,882 shares of the company's stock, valued at $2,369,407.14. This trade represents a 7.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,475 shares of company stock valued at $775,389 in the last 90 days. 0.58% of the stock is owned by company insiders.

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.