F5, Inc. (NASDAQ:FFIV) Stock Position Decreased by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,224 shares of the network technology company's stock after selling 960 shares during the period. Wells Fargo & Company MN owned 0.14% of F5 worth $20,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Prudential PLC boosted its holdings in shares of F5 by 1,067.8% during the fourth quarter. Prudential PLC now owns 18,837 shares of the network technology company's stock valued at $4,737,000 after acquiring an additional 17,224 shares during the period. Kesler Norman & Wride LLC bought a new stake in shares of F5 during the fourth quarter valued at approximately $326,000. Groupama Asset Managment bought a new position in F5 in the 4th quarter worth approximately $587,000. Geode Capital Management LLC raised its stake in F5 by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock valued at $402,536,000 after acquiring an additional 30,367 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in shares of F5 by 14.9% in the fourth quarter. National Bank of Canada FI now owns 27,170 shares of the network technology company's stock worth $6,833,000 after purchasing an additional 3,526 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Trading Down 0.1 %

Shares of FFIV traded down $0.37 during midday trading on Friday, hitting $258.61. The stock had a trading volume of 405,096 shares, compared to its average volume of 578,317. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The business has a 50-day simple moving average of $275.13 and a two-hundred day simple moving average of $258.73. The firm has a market cap of $14.91 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14.

Insider Buying and Selling at F5

In other news, insider Lyra Amber Schramm sold 253 shares of the company's stock in a transaction dated Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the transaction, the insider now owns 200 shares in the company, valued at $59,452. This represents a 55.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marianne Budnik sold 728 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 18,232 shares of company stock valued at $5,310,131 in the last three months. 0.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Needham & Company LLC upped their price objective on shares of F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Piper Sandler decreased their price objective 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. Morgan Stanley cut their target price on F5 from $310.00 to $269.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group lifted their price target on F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada upped their price objective on F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $289.67.

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.