iA Global Asset Management Inc. Sells 987 Shares of F5, Inc. (NASDAQ:FFIV)

iA Global Asset Management Inc. lowered its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 22.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,365 shares of the network technology company's stock after selling 987 shares during the period. iA Global Asset Management Inc.'s holdings in F5 were worth $846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Edge Capital Group LLC purchased a new position in shares of F5 during the fourth quarter valued at approximately $59,623,000. Cookson Peirce & Co. Inc. purchased a new position in F5 during the 4th quarter worth $53,212,000. Hotchkis & Wiley Capital Management LLC grew its stake in shares of F5 by 3.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company's stock worth $1,208,763,000 after acquiring an additional 191,020 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of F5 in the third quarter valued at about $35,090,000. Finally, Jupiter Asset Management Ltd. lifted its position in shares of F5 by 83.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company's stock valued at $74,562,000 after purchasing an additional 134,537 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Insider Buying and Selling at F5

In related news, Director Marianne Budnik sold 1,872 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the sale, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. The trade was a 60.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the firm's 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 transaction, the chief executive officer now owns 151,247 shares of the company's stock, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,932 shares of company stock valued at $4,965,150 over the last three months. 0.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FFIV shares. 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. Needham & Company LLC increased their price target on F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Morgan Stanley lifted their price target on F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Bank of America upped their price objective on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group lifted their target price on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $295.00.

F5 Trading Down 0.8 %

Shares of FFIV stock traded down $2.21 on Wednesday, hitting $272.84. 336,452 shares of the stock were exchanged, compared to its average volume of 540,297. The firm's 50 day moving average is $284.58 and its two-hundred day moving average is $253.66. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The firm has a market capitalization of $15.73 billion, a PE ratio of 27.12, a P/E/G ratio of 3.85 and a beta of 1.10.

F5 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.