Legal & General Group Plc Reduces Stake in F5, Inc. (NASDAQ:FFIV)

Legal & General Group Plc lowered its stake in shares of F5, Inc. (NASDAQ:FFIV) by 21.8% in the 4th quarter, HoldingsChannel reports. The firm owned 422,457 shares of the network technology company’s stock after selling 117,726 shares during the quarter. Legal & General Group Plc’s holdings in F5 were worth $106,235,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Crowley Wealth Management Inc. purchased a new stake in F5 in the 4th quarter worth about $35,000. Hurley Capital LLC bought a new position in F5 during the fourth quarter worth about $43,000. Friedenthal Financial purchased a new position in shares of F5 in the fourth quarter worth about $50,000. EverSource Wealth Advisors LLC raised its position in shares of F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 49 shares during the period. Finally, Smithfield Trust Co purchased a new stake in shares of F5 during the 4th quarter valued at approximately $57,000. Institutional investors own 90.66% of the company’s stock.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $255.00 on Friday. The business has a fifty day moving average price of $279.53 and a 200-day moving average price of $257.58. The company has a market capitalization of $14.70 billion, a PE ratio of 25.35, a PEG ratio of 3.85 and a beta of 1.14. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Evercore ISI raised their price target on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Piper Sandler cut their target price on F5 from $304.00 to $262.00 and set a “neutral” rating for the company in a research note on Tuesday. Barclays upped their price target on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group raised their price objective on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley decreased their target price on shares of F5 from $310.00 to $269.00 and set an “equal weight” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $285.78.

Insider Transactions at F5

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the transaction, the insider now directly owns 200 shares in the company, valued at approximately $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 148,647 shares in the company, valued at approximately $39,446,454.39. This represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,232 shares of company stock worth $5,310,131 over the last quarter. 0.52% of the stock is currently owned by insiders.

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.