Leeward Investments LLC MA Has $12.70 Million Stake in F5, Inc. (NASDAQ:FFIV)

Leeward Investments LLC MA decreased its position in shares of F5, Inc. (NASDAQ:FFIV) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,519 shares of the network technology company’s stock after selling 1,666 shares during the period. Leeward Investments LLC MA owned 0.09% of F5 worth $12,704,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Lipe & Dalton lifted its position in F5 by 19.2% during the 4th quarter. Lipe & Dalton now owns 1,240 shares of the network technology company’s stock worth $312,000 after acquiring an additional 200 shares during the last quarter. ING Groep NV acquired a new position in F5 during the 4th quarter worth $1,866,000. Morningstar Investment Management LLC bought a new position in shares of F5 during the 4th quarter worth about $222,000. Handelsbanken Fonder AB increased its holdings in shares of F5 by 2.8% during the 4th quarter. Handelsbanken Fonder AB now owns 14,900 shares of the network technology company’s stock worth $3,747,000 after purchasing an additional 400 shares during the period. Finally, Bryn Mawr Capital Management LLC increased its holdings in shares of F5 by 1,175.8% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 17,734 shares of the network technology company’s stock worth $4,460,000 after purchasing an additional 16,344 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FFIV shares. StockNews.com upgraded shares of F5 from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group boosted their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of F5 from $225.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Needham & Company LLC boosted their price objective on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley boosted their price objective on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, F5 currently has an average rating of “Hold” and an average target price of $295.00.

Insider Activity at F5

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the business’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 transaction, the insider now directly owns 200 shares in the company, valued at $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the transaction, the chief executive officer now owns 151,247 shares in the company, valued at approximately $45,836,915.82. This trade represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,574 shares of company stock valued at $3,455,057 over the last quarter. 0.52% of the stock is owned by company insiders.

F5 Stock Down 3.0 %

NASDAQ FFIV opened at $295.56 on Friday. The stock has a market cap of $17.04 billion, a P/E ratio of 29.38, a PEG ratio of 3.85 and a beta of 1.06. The company’s 50-day simple moving average is $275.62 and its 200 day simple moving average is $241.08. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00.

F5 declared that its board has approved a share buyback 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 purchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.