F5, Inc. (NASDAQ:FFIV) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,896 shares of the network technology company's stock after selling 5,430 shares during the quarter. Pictet Asset Management Holding SA owned 0.11% of F5 worth $16,319,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in shares of F5 by 4.3% in the fourth quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock worth $214,000 after buying an additional 35 shares during the last quarter. AMG National Trust Bank grew its holdings in F5 by 0.5% during the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock worth $1,987,000 after acquiring an additional 37 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of F5 by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock worth $404,000 after purchasing an additional 44 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake 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 valued at $51,000 after purchasing an additional 49 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of F5 by 5.3% in the 4th quarter. HighTower Advisors LLC now owns 966 shares of the network technology company's stock valued at $243,000 after purchasing an additional 49 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

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F5 Stock Down 4.7 %

FFIV stock traded down $11.73 during mid-day trading on Friday, reaching $239.25. The company had a trading volume of 725,506 shares, compared to its average volume of 569,659. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The stock has a market capitalization of $13.79 billion, a P/E ratio of 23.78, a P/E/G ratio of 3.85 and a beta of 1.14. The stock's 50-day simple moving average is $283.88 and its two-hundred day simple moving average is $256.18.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group boosted their price objective on F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Evercore ISI boosted their price target on F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a report on Friday, January 17th. Bank of America raised their price objective on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Friday, January 31st. Royal Bank of Canada lifted their price objective on shares of F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 29th. Finally, Piper Sandler increased their target price on shares of F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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 firm'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 value of $1,969,890.00. Following the sale, the chief executive officer now directly owns 151,247 shares in the company, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction 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 sale, the executive vice president now directly owns 27,264 shares in the company, valued at $7,915,557.12. The trade was a 13.05 % 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 quarter. Company 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.