AGF Management Ltd. Sells 5,376 Shares of F5, Inc. (NASDAQ:FFIV)

AGF Management Ltd. lessened its position in F5, Inc. (NASDAQ:FFIV) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,200 shares of the network technology company’s stock after selling 5,376 shares during the period. AGF Management Ltd.’s holdings in F5 were worth $2,816,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FFIV. Jones Financial Companies Lllp raised its holdings in F5 by 4.3% in the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock valued at $214,000 after buying an additional 35 shares during the last quarter. AMG National Trust Bank raised its stake in shares of F5 by 0.5% during the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock valued at $1,987,000 after acquiring an additional 37 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of F5 by 2.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock worth $404,000 after purchasing an additional 44 shares during the period. Empirical Finance LLC grew its stake in shares of F5 by 2.3% in the third quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company’s stock worth $451,000 after purchasing an additional 46 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of F5 by 2.0% in the third quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company’s stock worth $572,000 after purchasing an additional 50 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Chad Michael Whalen sold 4,093 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the sale, the executive vice president now directly owns 27,264 shares in the company, valued at approximately $7,915,557.12. The trade was a 13.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the firm’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 completion of the transaction, the director now owns 1,770 shares of the company’s stock, valued at $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,060 shares of company stock worth $4,477,083 over the last quarter. Insiders own 0.52% of the company’s stock.

F5 Trading Up 0.3 %

Shares of FFIV stock opened at $266.06 on Thursday. The firm has a fifty day simple moving average of $282.58 and a two-hundred day simple moving average of $249.06. The firm has a market capitalization of $15.34 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FFIV shares. Morgan Stanley lifted their target price on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Needham & Company LLC lifted their price objective on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Piper Sandler upped their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report 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 report on Wednesday, January 29th. Finally, Royal Bank of Canada boosted their target price 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $295.00.

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.