F5, Inc. (NASDAQ:FFIV) Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lowered its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 25.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,677 shares of the network technology company's stock after selling 2,281 shares during the period. J. Safra Sarasin Holding AG's holdings in F5 were worth $1,679,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in FFIV. Crowley Wealth Management Inc. acquired a new position in F5 during the fourth quarter worth about $35,000. Hurley Capital LLC acquired a new stake in shares of F5 in the 4th quarter worth approximately $43,000. Friedenthal Financial purchased a new position in F5 in the 4th quarter valued at approximately $50,000. EverSource Wealth Advisors LLC raised its holdings in F5 by 31.8% during the fourth 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 during the last quarter. Finally, Smithfield Trust Co purchased a new stake in F5 during the fourth quarter worth $57,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Activity at F5

In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the sale, the executive vice president now owns 27,264 shares of the company's stock, valued at $7,915,557.12. This trade represents a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marianne Budnik sold 728 shares of the business's 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 transaction, the director now directly owns 1,770 shares in the company, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,232 shares of company stock worth $5,310,131. Corporate insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FFIV shares. 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. Needham & Company LLC lifted their price objective on F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Royal Bank of Canada upped their target price on shares of F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Evercore ISI raised their price target on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. cut their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. One 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $289.67.

F5 Stock Up 1.6 %

F5 stock opened at $254.77 on Wednesday. The firm has a fifty day moving average of $271.83 and a 200-day moving average of $259.75. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The firm has a market capitalization of $14.69 billion, a P/E ratio of 25.33, a PEG ratio of 3.85 and a beta of 1.14.

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.

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