Leeward Investments LLC MA Sells 13,508 Shares of F5, Inc. (NASDAQ:FFIV)

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in FFIV. Family Firm Inc. acquired a new position in shares of F5 in the 2nd quarter worth approximately $25,000. New Covenant Trust Company N.A. bought a new stake in shares of F5 during the first quarter worth $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of F5 in the third quarter valued at $28,000. Quest Partners LLC raised its holdings in shares of 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 buying an additional 182 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in F5 during the 3rd quarter worth about $32,000. 90.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 30th. Morgan Stanley increased their price objective on F5 from $215.00 to $230.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group boosted their target price on F5 from $212.00 to $241.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Needham & Company LLC boosted their price objective on F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Seven equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $233.56.

Insider Transactions at F5

In other news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total transaction of $316,477.00. Following the completion of the sale, the chief executive officer now owns 121,122 shares of the company’s stock, valued at $26,436,087.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total value of $316,477.00. Following the sale, the chief executive officer now owns 121,122 shares of the company’s stock, valued at approximately $26,436,087.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Francis J. Pelzer sold 600 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $217.67, for a total value of $130,602.00. Following the transaction, the chief financial officer now directly owns 29,825 shares of the company’s stock, valued at approximately $6,492,007.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,250 shares of company stock valued at $897,594 over the last 90 days. 0.58% of the stock is owned by company insiders.

F5 Trading Up 3.1 %

Shares of FFIV opened at $240.12 on Thursday. The stock has a market cap of $13.99 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 3.13 and a beta of 1.05. F5, Inc. has a 1 year low of $154.11 and a 1 year high of $250.46. The stock’s 50-day moving average price is $216.91 and its two-hundred day moving average price is $191.17.

F5 (NASDAQ:FFIV) last issued 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 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 business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.76 earnings per share. As a group, equities analysts forecast that F5, Inc. will post 10.99 EPS for the current year.

F5 declared that its Board of Directors has approved a stock 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 purchase up to 7.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is 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.