F5, Inc. (NASDAQ:FFIV) Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lowered its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 25.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 451,623 shares of the network technology company's stock after selling 157,992 shares during the quarter. Westfield Capital Management Co. LP owned 0.77% of F5 worth $99,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its position in shares of F5 by 10.5% during the 2nd quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company's stock valued at $294,392,000 after purchasing an additional 162,820 shares during the last quarter. Pacer Advisors Inc. boosted its stake in F5 by 6,700.2% during the second quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company's stock worth $146,118,000 after buying an additional 835,912 shares during the period. AQR Capital Management LLC lifted its holdings in shares of F5 by 48.9% in the 2nd quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company's stock worth $111,932,000 after acquiring an additional 214,351 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of F5 by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 598,605 shares of the network technology company's stock worth $103,096,000 after purchasing an additional 48,742 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in F5 by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 523,982 shares of the network technology company's stock valued at $90,245,000 after purchasing an additional 45,843 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

F5 Stock Performance

F5 stock traded up $2.69 during midday trading on Friday, hitting $246.98. 346,441 shares of the company's stock were exchanged, compared to its average volume of 721,421. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $250.46. The company has a market cap of $14.48 billion, a PE ratio of 25.83, a P/E/G ratio of 3.30 and a beta of 1.05. The firm has a 50-day moving average of $226.58 and a two-hundred day moving average of $197.09.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $747.00 million for the quarter, compared to the consensus estimate of $730.43 million. F5 had a net margin of 20.13% and a return on equity of 20.80%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $2.76 earnings per share. As a group, equities analysts expect that F5, Inc. will post 11.01 earnings per share for the current year.

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

Insider Transactions at F5

In other F5 news, CFO Francis J. Pelzer sold 600 shares of F5 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 transaction, the chief financial officer now directly owns 30,425 shares of the company's stock, valued at approximately $6,617,437.50. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Higginson sold 825 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total value of $197,810.25. Following the transaction, the director now directly owns 9,882 shares in the company, valued at approximately $2,369,407.14. The trade was a 7.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,575 shares of company stock valued at $997,039. Corporate insiders own 0.58% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley raised their price objective 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. Barclays boosted their price objective on F5 from $214.00 to $246.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. increased their target price on F5 from $225.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Royal Bank of Canada lifted their target price on F5 from $205.00 to $240.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 29th. Finally, Piper Sandler upped their price target on shares of F5 from $186.00 to $246.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $233.56.

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.