Kesler Norman & Wride LLC Purchases New Stake in F5, Inc. (NASDAQ:FFIV)

Kesler Norman & Wride LLC purchased a new position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,296 shares of the network technology company's stock, valued at approximately $326,000.

A number of other hedge funds also recently bought and sold shares of the stock. Crowley Wealth Management Inc. purchased a new stake in shares of F5 during the fourth quarter worth approximately $35,000. Friedenthal Financial acquired a new position in F5 during the 4th quarter worth approximately $50,000. EverSource Wealth Advisors LLC increased its position 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 during the last quarter. Smithfield Trust Co acquired a new stake in shares of F5 in the 4th quarter valued at $57,000. Finally, Global Retirement Partners LLC lifted its position in shares of F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock worth $80,000 after purchasing an additional 282 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Trading Down 4.7 %

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

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Analysts Set New Price Targets

Several equities analysts recently commented on the company. Needham & Company LLC increased their target price on F5 from $285.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Morgan Stanley increased their price objective on F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Royal Bank of Canada boosted their target price on F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. Piper Sandler increased their price target on shares of F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Evercore ISI boosted their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research report on Friday, January 17th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $295.00.

Insider Buying and Selling at F5

In other F5 news, Director Marianne Budnik sold 728 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the firm's stock in a transaction on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the sale, the insider now owns 200 shares of the company's stock, valued at $59,452. This trade represents a 55.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,232 shares of company stock worth $5,310,131. 0.52% of the stock is owned by company insiders.

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.