F5, Inc. (NASDAQ:FFIV) Shares Sold by AMG National Trust Bank

AMG National Trust Bank trimmed its stake in shares of F5, Inc. (NASDAQ:FFIV) by 0.6% during the 3rd quarter, Holdings Channel reports. The fund owned 7,832 shares of the network technology company’s stock after selling 44 shares during the quarter. AMG National Trust Bank’s holdings in F5 were worth $1,725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FFIV. Pacer Advisors Inc. grew its stake in shares of F5 by 6,700.2% during the 2nd quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock worth $146,118,000 after purchasing an additional 835,912 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of F5 during the 3rd quarter worth about $61,386,000. Los Angeles Capital Management LLC grew its position in shares of F5 by 1,681.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company’s stock valued at $62,898,000 after acquiring an additional 269,602 shares during the period. AQR Capital Management LLC grew its position in shares of F5 by 48.9% during the 2nd quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock valued at $111,932,000 after acquiring an additional 214,351 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of F5 by 10.5% in 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 in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

F5 Trading Up 0.7 %

F5 stock opened at $239.99 on Tuesday. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $250.46. The stock has a market cap of $13.99 billion, a P/E ratio of 25.10, a PEG ratio of 3.22 and a beta of 1.05. The company has a 50-day moving average price of $223.52 and a 200 day moving average price of $194.99.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, October 28th. The network technology company reported $3.67 EPS for the quarter, beating the consensus estimate of $3.45 by $0.22. The business had revenue of $747.00 million for the quarter, compared to analyst estimates of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.76 EPS. As a group, analysts forecast that F5, Inc. will post 11.01 EPS for the current year.

F5 announced that its board has initiated a share repurchase plan on Monday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network technology company to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently weighed in on FFIV. The Goldman Sachs Group upped 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. Piper Sandler upped their price objective on shares of F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Royal Bank of Canada lifted their target price on shares of F5 from $205.00 to $240.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 29th. Morgan Stanley upped their price target on shares of F5 from $215.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Barclays increased their price objective on F5 from $214.00 to $246.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Seven 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 company has an average rating of “Hold” and an average price target of $233.56.

Insiders Place Their Bets

In other news, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction on Monday, September 9th. The stock was sold at an average price of $201.65, for a total value of $201,650.00. Following the completion of the sale, the director now directly owns 10,707 shares of the company’s stock, valued at approximately $2,159,066.55. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of the business’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 completion of the sale, the chief executive officer now owns 121,122 shares in the company, valued at $26,436,087.72. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,750 shares of company stock valued at $799,229 over the last 90 days. 0.58% of the stock is owned by company 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.