Grantham Mayo Van Otterloo & Co. LLC trimmed its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 97.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 980 shares of the network technology company's stock after selling 43,627 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in F5 were worth $246,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new position in shares of F5 during the 4th quarter worth $35,000. Friedenthal Financial purchased a new stake in shares of F5 in the fourth quarter valued at about $50,000. EverSource Wealth Advisors LLC grew its position in shares of F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after purchasing an additional 49 shares during the last quarter. Smithfield Trust Co purchased a new position in shares of F5 during the 4th quarter worth approximately $57,000. Finally, Global Retirement Partners LLC raised its position in shares of F5 by 783.3% during 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 during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.
F5 Trading Up 1.6 %
NASDAQ:FFIV traded up $4.11 on Monday, hitting $265.79. 64,284 shares of the stock were exchanged, compared to its average volume of 575,655. The stock has a fifty day moving average of $278.77 and a 200-day moving average of $258.12. The stock has a market cap of $15.32 billion, a PE ratio of 26.42, a PEG ratio of 3.85 and a beta of 1.14. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00.
Insider Buying and Selling
In other news, Director Marianne Budnik sold 1,872 shares of the company's stock in a transaction dated 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 owns 1,207 shares of the company's stock, valued at $314,689.04. This represents a 60.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the sale, the chief executive officer now owns 148,647 shares of the company's stock, valued at approximately $39,446,454.39. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,232 shares of company stock valued at $5,310,131. 0.52% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
FFIV has been the topic of a number of analyst reports. Bank of America increased their target price on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Friday, January 31st. The Goldman Sachs Group lifted their price objective on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Barclays raised their price target on shares of F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Needham & Company LLC boosted their price objective 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. Finally, Morgan Stanley decreased their target price on shares of F5 from $310.00 to $269.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $285.78.
View Our Latest Report on F5
F5 Profile
(
Free Report)
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.
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