Hussman Strategic Advisors Inc. decreased its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 40.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,300 shares of the network technology company's stock after selling 4,200 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in F5 were worth $1,584,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new position in F5 during the third quarter worth $28,000. Friedenthal Financial acquired a new stake in shares of F5 during the 4th quarter worth about $50,000. Venturi Wealth Management LLC lifted its holdings in F5 by 79.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company's stock valued at $70,000 after purchasing an additional 142 shares during the last quarter. Global Retirement Partners LLC boosted its position in 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 buying an additional 282 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in F5 during the third quarter worth about $84,000. 90.66% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on FFIV shares. The Goldman Sachs Group lifted their target price on shares of F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price objective on F5 from $225.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Evercore ISI increased their target price on F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a report on Friday, January 17th. Bank of America raised their target price on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada upped their price target on shares of F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $295.00.
Check Out Our Latest Stock Analysis on F5
F5 Stock Performance
FFIV traded down $2.35 during midday trading on Monday, reaching $293.21. 322,652 shares of the company were exchanged, compared to its average volume of 609,248. The stock has a market capitalization of $16.90 billion, a P/E ratio of 29.20, a PEG ratio of 3.85 and a beta of 1.06. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The stock's 50-day simple moving average is $275.62 and its 200 day simple moving average is $241.47.
F5 declared that its board has authorized a stock buyback plan on Monday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the network technology company to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.
Insider Activity at F5
In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the transaction, the executive vice president now directly owns 27,264 shares in the company, valued at approximately $7,915,557.12. The trade was a 13.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 6,500 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 151,247 shares of the company's stock, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,574 shares of company stock worth $3,455,057 in the last ninety days. Company insiders own 0.52% of the company's stock.
F5 Company Profile
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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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