F5, Inc. (NASDAQ:FFIV) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 36.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,383 shares of the network technology company's stock after acquiring an additional 2,242 shares during the quarter. Federated Hermes Inc.'s holdings in F5 were worth $2,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Crowley Wealth Management Inc. purchased a new position in F5 in the 4th quarter valued at about $35,000. Hurley Capital LLC acquired a new position in F5 during the fourth quarter worth approximately $43,000. Friedenthal Financial acquired a new stake in shares of F5 during the 4th quarter worth $50,000. EverSource Wealth Advisors LLC raised its position in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after buying an additional 49 shares during the period. Finally, Smithfield Trust Co acquired a new position in F5 in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FFIV shares. Royal Bank of Canada lifted their price target on shares of F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group upped their price target on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Bank of America raised their price objective on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. Barclays upped their target price on F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley dropped their target price on F5 from $310.00 to $269.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $285.78.

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F5 Price Performance

FFIV traded down $4.55 on Wednesday, reaching $258.98. The company's stock had a trading volume of 510,413 shares, compared to its average volume of 576,879. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00. The business's 50 day moving average is $277.08 and its 200 day moving average is $258.47. The stock has a market cap of $14.93 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14.

Insider Buying and Selling at F5

In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the sale, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Marianne Budnik sold 1,872 shares of F5 stock in a transaction that occurred 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 transaction, the director now owns 1,207 shares of the company's stock, valued at approximately $314,689.04. The trade was a 60.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,232 shares of company stock valued at $5,310,131 in the last three months. Corporate insiders own 0.52% of the company's stock.

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.