AMG National Trust Bank Sells 44 Shares of F5, Inc. (NASDAQ:FFIV)

AMG National Trust Bank lowered its stake in shares of F5, Inc. (NASDAQ:FFIV) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,832 shares of the network technology company’s stock after selling 44 shares during the quarter. AMG National Trust Bank’s holdings in F5 were worth $1,725,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of F5 by 6,700.2% in the second quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after acquiring an additional 835,912 shares during the period. Wedge Capital Management L L P NC purchased a new stake in F5 in the 3rd quarter worth about $61,386,000. Los Angeles Capital Management LLC lifted its stake in F5 by 1,681.1% in the third quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company’s stock worth $62,898,000 after purchasing an additional 269,602 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of F5 by 48.9% during the second quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock valued at $111,932,000 after buying an additional 214,351 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of F5 by 10.5% during the second quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock valued at $294,392,000 after buying an additional 162,820 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling

In related news, CFO Francis J. Pelzer sold 600 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $217.50, for a total value of $130,500.00. Following the transaction, the chief financial officer now directly owns 30,425 shares of the company’s stock, valued at $6,617,437.50. This represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan Higginson sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $201.65, for a total value of $201,650.00. Following the completion of the transaction, the director now owns 10,707 shares of the company’s stock, valued at approximately $2,159,066.55. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,750 shares of company stock worth $799,229 in the last 90 days. 0.58% of the stock is owned by corporate insiders.

F5 Stock Up 0.7 %

Shares of FFIV stock opened at $239.99 on Tuesday. The company’s 50 day moving average is $223.52 and its 200 day moving average is $194.99. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 3.22 and a beta of 1.05. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $250.46.

F5 (NASDAQ:FFIV) last released its quarterly earnings results on Monday, October 28th. The network technology company reported $3.67 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 during the quarter, compared to analyst estimates of $730.43 million. During the same period in the previous year, the company posted $2.76 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts anticipate that F5, Inc. will post 11.01 EPS for the current fiscal year.

F5 declared that its Board of Directors has authorized a stock buyback program on Monday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the network technology company to buy up to 7.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. 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. Morgan Stanley upped their price target on shares of F5 from $215.00 to $230.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Barclays lifted their price objective on shares of F5 from $214.00 to $246.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Piper Sandler upped their target price on shares of F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Evercore ISI boosted their price target on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a report on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $233.56.

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.