LPL Financial LLC lifted its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,249 shares of the network technology company's stock after buying an additional 1,046 shares during the period. LPL Financial LLC's holdings in F5 were worth $5,092,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Friedenthal Financial purchased a new position in shares of F5 in the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC increased its holdings in 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 in the last quarter. Smithfield Trust Co purchased a new position in F5 in the fourth quarter valued at about $57,000. Global Retirement Partners LLC lifted its stake in shares of F5 by 783.3% during the fourth 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 in the last quarter. Finally, Allworth Financial LP boosted its position in shares of F5 by 1,132.1% in the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company's stock worth $94,000 after buying an additional 317 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
FFIV has been the topic of several analyst reports. Evercore ISI raised their target price on F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a report on Friday, January 17th. Needham & Company LLC boosted their target price on shares of F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Piper Sandler lowered their price target on shares of F5 from $304.00 to $262.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group lifted their price target on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada upped their price objective on shares of F5 from $260.00 to $310.00 and gave the company 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $285.78.
Check Out Our Latest Research Report on FFIV
F5 Price Performance
Shares of NASDAQ FFIV traded up $6.68 during midday trading on Friday, hitting $261.68. 600,746 shares of the company's stock were exchanged, compared to its average volume of 577,669. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The firm has a market cap of $15.09 billion, a P/E ratio of 26.01, a PEG ratio of 3.85 and a beta of 1.14. The stock's 50 day moving average price is $278.77 and its 200-day moving average price is $258.12.
Insiders Place Their Bets
In related news, Director Marianne Budnik sold 728 shares of F5 stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now directly owns 1,770 shares in the company, valued at $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the sale, the chief executive officer now directly owns 148,647 shares of the company's stock, valued at approximately $39,446,454.39. This represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,232 shares of company stock worth $5,310,131. 0.52% of the stock is owned by company insiders.
F5 Profile
(
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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