Seizert Capital Partners LLC Sells 778 Shares of F5, Inc. (NASDAQ:FFIV)

Seizert Capital Partners LLC reduced its position in shares of F5, Inc. (NASDAQ:FFIV) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 91,056 shares of the network technology company’s stock after selling 778 shares during the quarter. Seizert Capital Partners LLC’s holdings in F5 were worth $20,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in F5 by 424.1% during the first quarter. Bessemer Group Inc. now owns 7,604 shares of the network technology company’s stock valued at $1,442,000 after acquiring an additional 6,153 shares during the period. Chase Investment Counsel Corp bought a new stake in F5 during the 3rd quarter valued at approximately $4,726,000. Bank of Montreal Can grew its holdings in F5 by 3.9% in the 2nd quarter. Bank of Montreal Can now owns 308,159 shares of the network technology company’s stock valued at $53,247,000 after buying an additional 11,525 shares during the last quarter. Janus Henderson Group PLC grew its holdings in F5 by 195.1% in the 1st quarter. Janus Henderson Group PLC now owns 21,994 shares of the network technology company’s stock valued at $4,170,000 after buying an additional 14,541 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd increased its position in F5 by 10.5% in the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 28,820 shares of the network technology company’s stock worth $4,964,000 after buying an additional 2,730 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Stock Down 1.5 %

NASDAQ FFIV opened at $238.36 on Friday. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $250.46. The stock has a market cap of $13.89 billion, a P/E ratio of 24.93, a PEG ratio of 3.34 and a beta of 1.05. The company’s 50-day simple moving average is $222.72 and its 200 day simple moving average is $194.27.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, October 28th. The network technology company reported $3.67 earnings per share 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 analysts’ expectations of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.76 earnings per share. Research analysts anticipate that F5, Inc. will post 11.01 earnings per share for the current year.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FFIV. Needham & Company LLC increased their price objective on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Piper Sandler boosted their price objective on shares of F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. StockNews.com raised shares of F5 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Barclays lifted their target price on F5 from $214.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, F5 currently has an average rating of “Hold” and a consensus price target of $233.56.

Insider Transactions at F5

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. This trade represents a 8.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $196.73, for a total value of $98,365.00. Following the completion of the transaction, the chief financial officer now owns 31,125 shares in the company, valued at approximately $6,123,221.25. This represents a 1.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,250 shares of company stock valued at $897,594 in the last three months. 0.58% of the stock is owned by corporate 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.