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

Leeward Investments LLC MA trimmed its stake in shares of F5, Inc. (NASDAQ:FFIV) by 3.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 50,519 shares of the network technology company’s stock after selling 1,666 shares during the period. Leeward Investments LLC MA’s holdings in F5 were worth $12,704,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Friedenthal Financial acquired a new position in shares of F5 during the fourth quarter worth approximately $50,000. Venturi Wealth Management LLC lifted its holdings in F5 by 79.8% in the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock valued at $70,000 after buying an additional 142 shares during the period. Global Retirement Partners LLC lifted its holdings in F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after buying an additional 282 shares during the period. Point72 Hong Kong Ltd acquired a new position in F5 in the third quarter valued at approximately $84,000. Finally, Allworth Financial LP lifted its holdings in F5 by 1,132.1% in the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock valued at $94,000 after buying an additional 317 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on FFIV. The Goldman Sachs Group increased their price objective on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. increased their price objective on shares of F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Evercore ISI increased their price objective on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. Bank of America increased their price objective on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. Finally, Piper Sandler increased their price objective on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $295.00.

Insider Buying and Selling at F5

In other news, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the completion of the sale, the executive vice president now owns 27,264 shares of the company’s stock, valued at $7,915,557.12. This represents a 13.05 % 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. Also, Director Marianne Budnik sold 728 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now directly owns 1,770 shares of the company’s stock, valued at $538,876.50. This represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,574 shares of company stock valued at $3,455,057. Corporate insiders own 0.52% of the company’s stock.

F5 Stock Performance

Shares of NASDAQ:FFIV opened at $295.56 on Friday. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The company has a market capitalization of $17.04 billion, a PE ratio of 29.38, a PEG ratio of 3.85 and a beta of 1.06. The company has a 50 day moving average price of $275.62 and a two-hundred day moving average price of $241.08.

F5 announced that its Board of Directors has initiated a stock buyback program on Monday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the network technology company to buy up to 7.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are 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.