Seizert Capital Partners LLC Reduces Holdings in F5, Inc. (NASDAQ:FFIV)

Seizert Capital Partners LLC lowered its stake in F5, Inc. (NASDAQ:FFIV) by 0.8% during the third quarter, according to the company in its most recent filing with the SEC. 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 owned approximately 0.16% of F5 worth $20,051,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in shares of F5 during the 2nd quarter worth about $25,000. New Covenant Trust Company N.A. acquired a new stake in F5 during the first quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in F5 during the third quarter worth approximately $28,000. Quest Partners LLC grew its stake in F5 by 9,100.0% in the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock worth $32,000 after acquiring an additional 182 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new position in F5 in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

FFIV has been the topic of a number of research analyst reports. The Goldman Sachs Group raised 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. Royal Bank of Canada boosted their target price on shares of F5 from $205.00 to $240.00 and gave the company a “sector perform” rating in a report on Tuesday, October 29th. Evercore ISI increased their price target on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 30th. Piper Sandler upped 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, StockNews.com upgraded F5 from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $233.56.

Insider Activity

In other news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total value of $316,477.00. Following the completion of the sale, the chief executive officer now directly owns 121,122 shares of the company’s stock, valued at $26,436,087.72. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $196.73, for a total transaction 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. In the last 90 days, insiders sold 4,250 shares of company stock worth $897,594. Insiders own 0.58% of the company’s stock.

F5 Stock Performance

Shares of FFIV stock opened at $238.36 on Friday. The firm has a market capitalization of $13.89 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.34 and a beta of 1.05. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $250.46. The stock has a fifty day moving average of $222.72 and a two-hundred day moving average of $194.27.

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

F5 announced that its Board of Directors has authorized a share repurchase program 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are 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.