Covestor Ltd Sells 243 Shares of F5, Inc. (NASDAQ:FFIV)

Covestor Ltd decreased its holdings in F5, Inc. (NASDAQ:FFIV) by 28.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 619 shares of the network technology company’s stock after selling 243 shares during the quarter. Covestor Ltd’s holdings in F5 were worth $156,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FFIV. JPMorgan Chase & Co. increased its position in shares of F5 by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after buying an additional 81,005 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of F5 by 457.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock worth $7,899,000 after acquiring an additional 25,748 shares during the period. Boston Trust Walden Corp grew its stake in shares of F5 by 3.9% in the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock valued at $48,991,000 after buying an additional 7,341 shares during the period. GAMMA Investing LLC raised its position in F5 by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock valued at $539,000 after purchasing an additional 571 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of F5 by 163.3% during the fourth quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company’s stock valued at $20,121,000 after acquiring an additional 49,629 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Price Performance

Shares of FFIV opened at $261.68 on Friday. The stock has a market capitalization of $15.09 billion, a P/E ratio of 26.01, a P/E/G ratio of 3.85 and a beta of 1.14. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The firm’s 50 day moving average is $278.77 and its 200-day moving average is $257.87.

Insider Activity at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total value of $344,981.00. Following the sale, the chief executive officer now owns 148,647 shares of the company’s stock, valued at $39,446,454.39. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Marianne Budnik sold 728 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,232 shares of company stock valued at $5,310,131. Company insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

FFIV has been the topic of a number of research reports. Evercore ISI increased their target price on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. The Goldman Sachs Group upped their price objective on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada upped their price target on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Morgan Stanley lowered their target price on F5 from $310.00 to $269.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Piper Sandler reduced their price objective on shares of F5 from $304.00 to $262.00 and set a “neutral” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $285.78.

F5 Company 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.