Qtron Investments LLC Lowers Holdings in F5, Inc. (NASDAQ:FFIV)

Qtron Investments LLC reduced its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 25.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,419 shares of the network technology company's stock after selling 1,149 shares during the quarter. Qtron Investments LLC's holdings in F5 were worth $860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FFIV. Crowley Wealth Management Inc. bought a new stake in F5 during the 4th quarter worth approximately $35,000. Hurley Capital LLC bought a new position in F5 in the 4th quarter worth $43,000. Friedenthal Financial purchased a new stake in F5 in the 4th quarter worth $50,000. EverSource Wealth Advisors LLC raised its holdings in F5 by 31.8% during the fourth 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, Smithfield Trust Co purchased a new position in shares of F5 in the fourth quarter valued at about $57,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley decreased their target price on F5 from $310.00 to $269.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada lifted their price target on shares of F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Piper Sandler decreased their price target on shares of F5 from $304.00 to $262.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group lifted their target price on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, Barclays increased their price target on F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. 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 issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $285.78.

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Insider Activity at F5

In other news, Director Marianne Budnik sold 728 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the sale, the director now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm'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 value of $344,981.00. Following the sale, the chief executive officer now directly owns 148,647 shares of the company's stock, valued at $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 ninety days, insiders have sold 18,232 shares of company stock worth $5,310,131. Insiders own 0.52% of the company's stock.

F5 Stock Performance

NASDAQ FFIV traded down $4.55 on Wednesday, hitting $258.98. 510,413 shares of the stock were exchanged, compared to its average volume of 578,205. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The firm has a market capitalization of $14.93 billion, a P/E ratio of 25.74, a P/E/G ratio of 3.85 and a beta of 1.14. The stock has a fifty day moving average price of $276.13 and a two-hundred day moving average price of $258.47.

F5 Company 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.