JPMorgan Chase & Co. Decreases Stake in F5, Inc. (NASDAQ:FFIV)

JPMorgan Chase & Co. trimmed its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 40.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 243,123 shares of the network technology company's stock after selling 166,007 shares during the period. JPMorgan Chase & Co. owned about 0.42% of F5 worth $61,138,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC raised its stake in F5 by 68.0% in the 3rd quarter. FMR LLC now owns 58,236 shares of the network technology company's stock valued at $12,824,000 after purchasing an additional 23,563 shares during the last quarter. Public Sector Pension Investment Board boosted its position in F5 by 13.5% during the third quarter. Public Sector Pension Investment Board now owns 2,519 shares of the network technology company's stock worth $555,000 after acquiring an additional 300 shares during the last quarter. Captrust Financial Advisors boosted its position in F5 by 2.0% during the third quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company's stock worth $572,000 after acquiring an additional 50 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in F5 in the 3rd quarter valued at about $265,000. Finally, Centiva Capital LP acquired a new stake in F5 in the 3rd quarter valued at about $1,086,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on FFIV. Royal Bank of Canada upped their price target on F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Piper Sandler cut their target price on F5 from $304.00 to $262.00 and set a "neutral" rating for the company in a research note on Tuesday. Barclays upped their price objective on shares of F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Morgan Stanley cut their price objective on shares of F5 from $310.00 to $269.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Needham & Company LLC increased their price target on shares of F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, F5 presently has a consensus rating of "Hold" and a consensus price target of $285.78.

F5 Price Performance

Shares of NASDAQ:FFIV traded up $22.61 during mid-day trading on Wednesday, reaching $264.14. 632,460 shares of the company were exchanged, compared to its average volume of 573,989. The firm has a market cap of $15.23 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 3.85 and a beta of 1.14. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00. The firm's 50-day simple moving average is $280.34 and its 200 day simple moving average is $257.36.

Insider Transactions at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction of $344,981.00. Following the sale, the chief executive officer now directly owns 148,647 shares in the company, valued at $39,446,454.39. This represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marianne Budnik sold 728 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares of the company's stock, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock worth $5,310,131 over the last ninety days. Company insiders own 0.52% of the company's stock.

About F5

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.