D.A. Davidson & CO. Purchases 1,129 Shares of F5, Inc. (NASDAQ:FFIV)

D.A. Davidson & CO. increased its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,100 shares of the network technology company's stock after buying an additional 1,129 shares during the period. D.A. Davidson & CO.'s holdings in F5 were worth $1,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FFIV. Friedenthal Financial acquired a new stake in shares of F5 in the fourth quarter valued at $50,000. Venturi Wealth Management LLC raised its holdings in shares of F5 by 79.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company's stock valued at $70,000 after purchasing an additional 142 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of F5 during the 3rd quarter worth approximately $84,000. Allworth Financial LP raised its stake in F5 by 1,132.1% during the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company's stock worth $94,000 after acquiring an additional 317 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of F5 in the 4th quarter valued at about $99,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Stock Performance

Shares of F5 stock traded up $2.84 during trading hours on Wednesday, reaching $295.82. 130,932 shares of the company were exchanged, compared to its average volume of 601,075. The stock's fifty day moving average is $276.88 and its 200 day moving average is $242.91. The firm has a market cap of $17.05 billion, a PE ratio of 29.39, a PEG ratio of 3.85 and a beta of 1.06. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00.

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Analyst Upgrades and Downgrades

Several brokerages have recently commented on FFIV. Piper Sandler increased their price objective on F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Needham & Company LLC upped their price target on shares of F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on F5 from $225.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Bank of America boosted their target price on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Friday, January 31st. Finally, Morgan Stanley boosted their price objective on F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $295.00.

Insider Buying and Selling at F5

In other F5 news, Director Marianne Budnik sold 728 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares of the company's stock, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the 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 completion of the transaction, the chief executive officer now owns 151,247 shares of the company's stock, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,574 shares of company stock worth $3,455,057 in the last quarter. 0.52% of the stock is owned by insiders.

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.