American Century Companies Inc. Trims Stake in F5, Inc. (NASDAQ:FFIV)

American Century Companies Inc. lowered its holdings in F5, Inc. (NASDAQ:FFIV) by 33.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 817,210 shares of the network technology company’s stock after selling 407,943 shares during the quarter. American Century Companies Inc.’s holdings in F5 were worth $205,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its holdings in shares of F5 by 4.1% in the 3rd quarter. Natixis Advisors LLC now owns 28,746 shares of the network technology company’s stock valued at $6,330,000 after buying an additional 1,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of F5 in the 3rd quarter valued at $271,000. Commerce Bank raised its holdings in shares of F5 by 3.2% in the 3rd quarter. Commerce Bank now owns 2,485 shares of the network technology company’s stock valued at $547,000 after buying an additional 78 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of F5 in the 3rd quarter valued at $1,428,000. Finally, Great Valley Advisor Group Inc. purchased a new stake in shares of F5 in the 3rd quarter valued at $235,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FFIV shares. Piper Sandler boosted their price objective on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays boosted their price objective on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Morgan Stanley boosted their price objective on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. The Goldman Sachs Group upped their price target on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC upped their price target on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $295.00.

F5 Stock Performance

NASDAQ:FFIV opened at $268.40 on Friday. The stock has a 50-day simple moving average of $283.86 and a 200-day simple moving average of $252.23. The stock has a market cap of $15.47 billion, a P/E ratio of 26.68, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00.

Insider Transactions at F5

In other news, EVP Chad Michael Whalen sold 4,093 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the completion of the transaction, the executive vice president now directly owns 27,264 shares of the company’s stock, valued at approximately $7,915,557.12. This represents a 13.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lyra Amber Schramm sold 253 shares of the company’s stock in a transaction dated Saturday, February 1st. The stock was 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 of the company’s stock, valued at approximately $59,452. This represents a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,932 shares of company stock valued at $4,965,150. 0.52% of the stock is currently owned by corporate insiders.

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.