Great Lakes Advisors LLC Sells 891 Shares of F5, Inc. (NASDAQ:FFIV)

Great Lakes Advisors LLC decreased its holdings in F5, Inc. (NASDAQ:FFIV) by 1.8% during the 4th quarter, HoldingsChannel reports. The firm owned 49,727 shares of the network technology company’s stock after selling 891 shares during the quarter. Great Lakes Advisors LLC’s holdings in F5 were worth $12,505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Friedenthal Financial bought a new position in shares of F5 in the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC grew its position in F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after acquiring an additional 49 shares during the last quarter. Smithfield Trust Co bought a new stake in F5 during the 4th quarter worth $57,000. Global Retirement Partners LLC grew its position in F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after acquiring an additional 282 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in F5 by 79.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock worth $70,000 after acquiring an additional 142 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FFIV shares. Needham & Company LLC boosted their price objective on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Evercore ISI boosted their price objective on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. Piper Sandler boosted their price objective on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada boosted their price objective on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and a consensus target price of $295.00.

F5 Trading Up 0.3 %

Shares of FFIV opened at $266.06 on Thursday. The company has a market capitalization of $15.34 billion, a PE ratio of 26.45, a PEG ratio of 3.85 and a beta of 1.10. The stock’s 50-day moving average price is $282.58 and its two-hundred day moving average price is $249.06. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00.

Insider Activity

In other news, CEO Francois Locoh-Donou sold 6,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was 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 of the company’s stock, valued at $45,836,915.82. The trade was a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the transaction, the executive vice president now directly owns 20,075 shares in the company, valued at $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,060 shares of company stock valued at $4,477,083 in the last ninety days. 0.52% of the stock is owned by company insiders.

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.