US Bancorp DE Sells 1,451 Shares of F5, Inc. (NASDAQ:FFIV)

US Bancorp DE lowered its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 16.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,397 shares of the network technology company's stock after selling 1,451 shares during the period. US Bancorp DE's holdings in F5 were worth $1,860,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FFIV. Van ECK Associates Corp increased its position in shares of F5 by 4.6% in the 3rd quarter. Van ECK Associates Corp now owns 25,812 shares of the network technology company's stock worth $5,560,000 after purchasing an additional 1,127 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of F5 by 10.0% during the 3rd quarter. QRG Capital Management Inc. now owns 4,057 shares of the network technology company's stock valued at $893,000 after buying an additional 370 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of F5 by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 90,002 shares of the network technology company's stock valued at $19,818,000 after buying an additional 1,614 shares during the last quarter. Olympiad Research LP grew its position in shares of F5 by 27.8% during the 3rd quarter. Olympiad Research LP now owns 1,536 shares of the network technology company's stock valued at $338,000 after buying an additional 334 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of F5 by 17.0% during the 3rd quarter. Covestor Ltd now owns 862 shares of the network technology company's stock valued at $190,000 after buying an additional 125 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have commented on FFIV. Royal Bank of Canada upped their target price on shares of F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 29th. Evercore ISI increased their target price on shares of F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a research note on Friday, January 17th. Piper Sandler boosted their price target on shares of F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Bank of America boosted their price target on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Friday, January 31st. Finally, Needham & Company LLC boosted their price target on shares of F5 from $285.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, F5 has an average rating of "Hold" and a consensus price target of $295.00.

Insider Buying and Selling

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the company's stock in a transaction on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the transaction, the insider now directly owns 200 shares in the company, valued at $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of the company's stock in a transaction on Monday, February 3rd. The shares were 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 owns 27,264 shares in the company, valued at approximately $7,915,557.12. This represents a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,060 shares of company stock worth $4,477,083. Insiders own 0.52% of the company's stock.

F5 Price Performance

FFIV traded down $0.13 during trading on Friday, reaching $275.63. The company had a trading volume of 547,669 shares, compared to its average volume of 619,158. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The company has a market cap of $15.89 billion, a P/E ratio of 27.40, a PEG ratio of 3.85 and a beta of 1.10. The business's fifty day moving average price is $281.73 and its 200 day moving average price is $247.63.

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.