Cypress Capital Group Trims Stake in F5, Inc. (NASDAQ:FFIV)

Cypress Capital Group decreased its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,143 shares of the network technology company's stock after selling 955 shares during the quarter. Cypress Capital Group's holdings in F5 were worth $790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of F5 by 3.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company's stock worth $1,208,763,000 after acquiring an additional 191,020 shares during the period. State Street Corp boosted its stake in shares of F5 by 0.5% in the third quarter. State Street Corp now owns 3,187,222 shares of the network technology company's stock worth $701,825,000 after acquiring an additional 16,663 shares during the period. Geode Capital Management LLC boosted its stake in shares of F5 by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company's stock worth $345,560,000 after acquiring an additional 117,080 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of F5 by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company's stock worth $90,090,000 after acquiring an additional 81,005 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in shares of F5 by 7.7% in the third quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company's stock worth $83,101,000 after acquiring an additional 27,124 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

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F5 Stock Performance

FFIV stock traded down $0.13 during midday trading on Friday, reaching $275.63. 547,669 shares of the company traded hands, compared to its average volume of 619,158. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The business has a 50 day moving average of $281.73 and a 200-day moving average of $247.63. The firm has a market capitalization of $15.89 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 3.85 and a beta of 1.10.

Insider Buying and Selling at F5

In other news, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 200 shares in the company, valued at approximately $59,452. This represents a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the sale, the executive vice president now owns 20,075 shares in the company, valued at approximately $5,885,588.50. The trade was a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,060 shares of company stock worth $4,477,083 over the last ninety days. Company insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. Barclays increased their price target on F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Piper Sandler increased their price target on F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Bank of America increased 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. Finally, The Goldman Sachs Group increased their price target on F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $295.00.

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.