Leeward Investments LLC MA Sells 24,823 Shares of F5, Inc. (NASDAQ:FFIV)

Leeward Investments LLC MA trimmed its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 49.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,696 shares of the network technology company's stock after selling 24,823 shares during the period. Leeward Investments LLC MA's holdings in F5 were worth $6,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FFIV. GAMMA Investing LLC increased its holdings in F5 by 34,698.9% during the first quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock worth $198,661,000 after buying an additional 743,945 shares during the last quarter. Norges Bank acquired a new position in F5 during the fourth quarter worth $171,127,000. Arrowstreet Capital Limited Partnership increased its holdings in F5 by 598.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock worth $106,944,000 after buying an additional 364,372 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in F5 by 110.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company's stock worth $149,242,000 after buying an additional 294,050 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in F5 by 38.0% during the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock worth $229,597,000 after buying an additional 251,534 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Stock Up 1.3%

Shares of F5 stock traded up $3.91 during trading on Friday, reaching $300.03. The company's stock had a trading volume of 272,018 shares, compared to its average volume of 561,880. The business's 50-day moving average price is $284.74 and its 200-day moving average price is $276.55. The firm has a market cap of $17.23 billion, a PE ratio of 28.47, a P/E/G ratio of 3.82 and a beta of 1.00. F5, Inc. has a 52 week low of $170.21 and a 52 week high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.11 by $0.31. F5 had a net margin of 21.14% and a return on equity of 21.18%. The company had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. During the same quarter in the previous year, the business posted $2.91 earnings per share. F5's quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts predict that F5, Inc. will post 11.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler boosted their target price on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $290.00 price objective on shares of F5 in a research report on Tuesday, April 29th. William Blair reaffirmed an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Barclays reduced their price objective on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, F5 presently has an average rating of "Hold" and a consensus target price of $282.56.

Insider Buying and Selling at F5

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $294.32, for a total transaction of $382,616.00. Following the completion of the sale, the chief executive officer owned 107,100 shares of the company's stock, valued at $31,521,672. This represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael L. Dreyer sold 1,800 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total transaction of $514,728.00. Following the sale, the director directly owned 4,376 shares of the company's stock, valued at $1,251,360.96. This represents a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,519 shares of company stock valued at $2,408,594 over the last three months. 0.52% of the stock is owned by insiders.

F5 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.