American Century Companies Inc. Sells 407,943 Shares of F5, Inc. (NASDAQ:FFIV)

American Century Companies Inc. lessened its stake in shares of F5, Inc. (NASDAQ:FFIV) by 33.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 817,210 shares of the network technology company’s stock after selling 407,943 shares during the quarter. American Century Companies Inc. owned approximately 1.41% of F5 worth $205,504,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Natixis Advisors LLC lifted its position in F5 by 4.1% during the third quarter. Natixis Advisors LLC now owns 28,746 shares of the network technology company’s stock valued at $6,330,000 after buying an additional 1,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in F5 in the third quarter worth about $271,000. Commerce Bank grew its stake in shares of F5 by 3.2% during the 3rd quarter. Commerce Bank now owns 2,485 shares of the network technology company’s stock valued at $547,000 after acquiring an additional 78 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of F5 during the 3rd quarter valued at approximately $1,428,000. Finally, Great Valley Advisor Group Inc. bought a new position in F5 in the 3rd quarter worth approximately $235,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insiders Place Their Bets

In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the transaction, the executive vice president now owns 27,264 shares of the company’s stock, valued at approximately $7,915,557.12. The trade was a 13.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the transaction, the insider now directly owns 200 shares in the company, valued at $59,452. This trade represents a 55.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,932 shares of company stock valued at $4,965,150. Insiders own 0.52% of the company’s stock.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $268.40 on Friday. The business’s 50 day moving average price is $283.86 and its 200-day moving average price is $252.23. The firm has a market capitalization of $15.47 billion, a PE ratio of 26.68, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00.

Analysts Set New Price Targets

FFIV has been the topic of several recent research reports. Barclays increased their price target on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Morgan Stanley raised their price target on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Royal Bank of Canada raised their price target on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Needham & Company LLC raised their price objective on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Evercore ISI lifted their price target on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $295.00.

About F5

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.