Optimum Investment Advisors Sells 50 Shares of F5, Inc. (NASDAQ:FFIV)

Optimum Investment Advisors cut its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 850 shares of the network technology company’s stock after selling 50 shares during the quarter. Optimum Investment Advisors’ holdings in F5 were worth $214,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Friedenthal Financial bought a new stake in F5 during the 4th quarter valued at approximately $50,000. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 49 shares during the last quarter. Smithfield Trust Co bought a new stake in shares of F5 during the fourth quarter valued at approximately $57,000. Global Retirement Partners LLC lifted its holdings in shares of F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after buying an additional 282 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of F5 by 1,132.1% during the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock worth $94,000 after acquiring an additional 317 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on FFIV. Needham & Company LLC lifted 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. Barclays boosted their target price on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Evercore ISI increased their price target on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Royal Bank of Canada lifted their price objective on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group increased their target price on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $295.00.

F5 Stock Performance

NASDAQ:FFIV opened at $268.40 on Friday. The firm has a market capitalization of $15.47 billion, a PE ratio of 26.68, a PEG ratio of 3.85 and a beta of 1.10. The stock’s fifty day moving average is $283.86 and its 200 day moving average is $252.23. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00.

Insider Buying and Selling at F5

In related news, insider Lyra Amber Schramm sold 253 shares of the company’s stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the transaction, the insider now directly owns 200 shares in the company, valued at approximately $59,452. This represents a 55.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 27,264 shares of the company’s stock, valued at approximately $7,915,557.12. The trade was a 13.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,932 shares of company stock worth $4,965,150 over the last quarter. Insiders own 0.52% of the company’s stock.

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.