74,938 Shares in F5, Inc. (NASDAQ:FFIV) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 74,938 shares of the network technology company's stock, valued at approximately $18,845,000. Proficio Capital Partners LLC owned approximately 0.13% of F5 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. lifted its holdings in F5 by 2.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,993 shares of the network technology company's stock valued at $1,256,000 after purchasing an additional 134 shares in the last quarter. Amalgamated Bank lifted its holdings in F5 by 2.4% during the fourth quarter. Amalgamated Bank now owns 11,729 shares of the network technology company's stock valued at $2,949,000 after purchasing an additional 270 shares in the last quarter. Edge Capital Group LLC purchased a new position in F5 during the fourth quarter valued at $59,623,000. Crestwood Advisors Group LLC purchased a new position in F5 during the fourth quarter valued at $206,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of F5 by 33.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 35,480 shares of the network technology company's stock worth $8,922,000 after buying an additional 8,900 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

F5 Trading Down 2.8 %

F5 stock traded down $8.28 during midday trading on Monday, hitting $284.15. 724,794 shares of the stock were exchanged, compared to its average volume of 612,887. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The stock has a market capitalization of $16.38 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 3.85 and a beta of 1.06. The stock's 50-day simple moving average is $279.95 and its 200 day simple moving average is $245.69.

Insider Buying and Selling

In other news, CEO Francois Locoh-Donou sold 6,500 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 151,247 shares in the company, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was 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 owns 1,770 shares in the company, valued at approximately $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,060 shares of company stock worth $4,477,083. Insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Royal Bank of Canada raised their price target on shares of F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. Barclays raised their price target on shares of F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Evercore ISI raised their price target on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research note on Friday, January 17th. Finally, Needham & Company LLC raised their price target on shares of F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $295.00.

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.