Linden Thomas Advisory Services LLC Cuts Stake in F5, Inc. (NASDAQ:FFIV)

Linden Thomas Advisory Services LLC decreased its stake in F5, Inc. (NASDAQ:FFIV) by 0.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,475 shares of the network technology company’s stock after selling 94 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in F5 were worth $2,634,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FFIV. Harel Insurance Investments & Financial Services Ltd. lifted its position in F5 by 80.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 977 shares of the network technology company’s stock worth $246,000 after acquiring an additional 435 shares in the last quarter. Impact Partnership Wealth LLC raised its stake in shares of F5 by 9.5% during the fourth quarter. Impact Partnership Wealth LLC now owns 1,103 shares of the network technology company’s stock valued at $277,000 after purchasing an additional 96 shares during the period. Oliver Luxxe Assets LLC acquired a new position in shares of F5 during the fourth quarter worth $312,000. SG Americas Securities LLC boosted its stake in shares of F5 by 47.8% in the fourth quarter. SG Americas Securities LLC now owns 30,087 shares of the network technology company’s stock valued at $7,566,000 after purchasing an additional 9,726 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of F5 by 22.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 34,686 shares of the network technology company’s stock valued at $8,722,000 after purchasing an additional 6,455 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Activity

In related news, Director Alan Higginson sold 825 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total transaction of $197,810.25. Following the completion of the transaction, the director now directly owns 9,882 shares in the company, valued at $2,369,407.14. This represents a 7.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FFIV shares. Barclays boosted their price objective on shares of F5 from $214.00 to $246.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. The Goldman Sachs Group boosted their price target on F5 from $212.00 to $241.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Evercore ISI raised their price objective on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Piper Sandler lifted their price objective on F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley increased their target price on F5 from $230.00 to $262.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $251.25.

F5 Stock Up 0.0 %

NASDAQ:FFIV opened at $272.99 on Friday. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $274.64. The company has a market cap of $16.00 billion, a PE ratio of 28.56, a P/E/G ratio of 3.68 and a beta of 1.06. The business’s 50 day moving average is $255.88 and its two-hundred day moving average is $224.02.

F5 (NASDAQ:FFIV) last announced its quarterly earnings data on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $0.22. F5 had a return on equity of 20.80% and a net margin of 20.13%. The firm had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $730.43 million. During the same period last year, the business posted $2.76 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that F5, Inc. will post 11.01 EPS for the current fiscal year.

F5 declared that its Board of Directors has initiated a stock repurchase plan on Monday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the network technology company to buy up to 7.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

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.