Fox Run Management L.L.C. Sells 1,041 Shares of F5, Inc. (NASDAQ:FFIV)

Fox Run Management L.L.C. decreased its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,800 shares of the network technology company's stock after selling 1,041 shares during the quarter. Fox Run Management L.L.C.'s holdings in F5 were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FFIV. Friedenthal Financial bought a new stake in shares of F5 during the fourth quarter worth about $50,000. EverSource Wealth Advisors LLC increased its holdings in F5 by 31.8% during the 4th 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 in the last quarter. Smithfield Trust Co purchased a new stake in shares of F5 in the fourth quarter worth approximately $57,000. Global Retirement Partners LLC lifted its holdings in shares of F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock valued at $80,000 after purchasing an additional 282 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in F5 during the third quarter worth $84,000. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Stock Down 2.3 %

Shares of NASDAQ:FFIV traded down $6.20 on Friday, hitting $263.88. The company had a trading volume of 490,907 shares, compared to its average volume of 565,510. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00. The firm's 50-day simple moving average is $284.92 and its two-hundred day simple moving average is $254.72. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 3.85 and a beta of 1.10.

Analyst Ratings Changes

FFIV has been the subject of a number of recent analyst 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 research report on Wednesday, January 29th. Morgan Stanley boosted their price target on shares of F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Evercore ISI raised their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a report on Friday, January 17th. Needham & Company LLC boosted their target price on shares of F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, Piper Sandler raised their price target on shares of F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. One investment 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's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $295.00.

Insider Buying and Selling

In related news, CEO Francois Locoh-Donou sold 6,500 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the transaction, the chief executive officer now directly owns 151,247 shares in the company, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marianne Budnik sold 1,872 shares of the business's 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 directly owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,932 shares of company stock valued at $4,965,150 over the last quarter. Corporate insiders own 0.52% of the company's stock.

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.