F5, Inc. (NASDAQ:FFIV) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 422,457 shares of the network technology company's stock after selling 117,726 shares during the period. Legal & General Group Plc owned approximately 0.73% of F5 worth $106,235,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, CEO Francois Locoh-Donou sold 6,500 shares of F5 stock in a transaction dated Wednesday, February 12th. The shares were 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 directly owns 151,247 shares of the company's stock, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of the firm's 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 completion of the transaction, the executive vice president now directly owns 27,264 shares in the company, valued at $7,915,557.12. This represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,232 shares of company stock worth $5,310,131. 0.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Needham & Company LLC raised their price objective on F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Barclays boosted their price target on F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Bank of America increased their price objective on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. Morgan Stanley reduced their target price on shares of F5 from $310.00 to $269.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group raised their price target on shares of F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a 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 assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, F5 has a consensus rating of "Hold" and a consensus price target of $285.78.

F5 Trading Down 0.1 %

F5 stock traded down $0.18 during midday trading on Wednesday, hitting $263.35. The stock had a trading volume of 80,641 shares, compared to its average volume of 599,288. The business has a fifty day moving average price of $277.08 and a 200 day moving average price of $258.47. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The stock has a market cap of $15.18 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.85 and a beta of 1.14.

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.