V Square Quantitative Management LLC Decreases Stock Holdings in F5, Inc. (NASDAQ:FFIV)

V Square Quantitative Management LLC lowered its stake in shares of F5, Inc. (NASDAQ:FFIV) by 25.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 833 shares of the network technology company’s stock after selling 280 shares during the quarter. V Square Quantitative Management LLC’s holdings in F5 were worth $209,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Asset Management One Co. Ltd. increased its position in shares of F5 by 18.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 33,063 shares of the network technology company’s stock valued at $8,452,000 after purchasing an additional 5,062 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in F5 by 457.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock valued at $7,899,000 after acquiring an additional 25,748 shares during the last quarter. Certuity LLC bought a new position in F5 in the 4th quarter valued at $216,000. Wingate Wealth Advisors Inc. bought a new position in F5 in the 4th quarter valued at $99,000. Finally, Savant Capital LLC grew its position in F5 by 11.8% in the 4th quarter. Savant Capital LLC now owns 1,119 shares of the network technology company’s stock valued at $281,000 after acquiring an additional 118 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

F5 Price Performance

Shares of NASDAQ FFIV opened at $310.18 on Tuesday. The stock has a market capitalization of $17.99 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 3.90 and a beta of 1.06. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $312.76. The business has a fifty day moving average price of $272.05 and a 200 day moving average price of $238.20.

F5 announced that its board has approved a share repurchase plan on Monday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows 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 board believes its stock is undervalued.

Insider Buying and Selling at F5

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marianne Budnik sold 728 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the sale, the director now owns 1,770 shares of the company’s stock, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,574 shares of company stock worth $3,455,057. 0.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Bank of America increased their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. StockNews.com raised F5 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Piper Sandler increased their price target on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley increased their price target on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Barclays increased their price target on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $295.00.

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.