Wellington Management Group LLP Sells 100,462 Shares of F5, Inc. (NASDAQ:FFIV)

Wellington Management Group LLP reduced its stake in F5, Inc. (NASDAQ:FFIV) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 733,634 shares of the network technology company’s stock after selling 100,462 shares during the period. Wellington Management Group LLP owned 1.27% of F5 worth $184,487,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Crowley Wealth Management Inc. bought a new stake in F5 in the 4th quarter valued at about $35,000. Friedenthal Financial bought a new stake in shares of F5 during the fourth quarter valued at approximately $50,000. EverSource Wealth Advisors LLC raised its position in shares of F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after purchasing an additional 49 shares during the period. Smithfield Trust Co bought a new position in shares of F5 in the 4th quarter worth $57,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after purchasing an additional 282 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Ratings Changes

FFIV has been the topic of several research reports. Barclays upped their price objective on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Needham & Company LLC upped their target price on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Bank of America lifted their price target on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. The Goldman Sachs Group increased their price objective on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Evercore ISI lifted their target price 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 analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, F5 presently has an average rating of “Hold” and an average target price of $295.00.

Insider Buying and Selling

In other F5 news, Director Marianne Budnik sold 1,872 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the sale, the director now directly owns 1,207 shares of the company’s stock, valued at $314,689.04. This trade represents a 60.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Francois Locoh-Donou sold 6,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the transaction, the chief executive officer now directly owns 151,247 shares in the company, valued at $45,836,915.82. This represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,232 shares of company stock worth $5,310,131. Insiders own 0.52% of the company’s stock.

F5 Price Performance

NASDAQ FFIV opened at $272.73 on Thursday. The business’s fifty day moving average is $284.99 and its 200-day moving average is $256.04. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 3.85 and a beta of 1.10. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.

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.