LSV Asset Management Boosts Stock Position in F5, Inc. (NASDAQ:FFIV)

LSV Asset Management raised its stake in shares of F5, Inc. (NASDAQ:FFIV) by 8.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 101,510 shares of the network technology company’s stock after buying an additional 8,020 shares during the quarter. LSV Asset Management’s holdings in F5 were worth $25,527,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Crowley Wealth Management Inc. purchased a new position in shares of F5 in the 4th quarter worth about $35,000. Hurley Capital LLC bought a new stake in F5 during the 4th quarter valued at about $43,000. Friedenthal Financial purchased a new position in F5 in the fourth quarter worth about $50,000. EverSource Wealth Advisors LLC lifted its stake 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 worth $51,000 after buying an additional 49 shares in the last quarter. Finally, Smithfield Trust Co purchased a new stake in shares of F5 during the fourth quarter valued at approximately $57,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FFIV has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada increased their price objective on 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 decreased their target price on F5 from $310.00 to $269.00 and set an “equal weight” rating for the company in a research report on Tuesday. Barclays raised their price target on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Finally, Piper Sandler decreased their price objective on shares of F5 from $304.00 to $262.00 and set a “neutral” rating for the company in a report on Tuesday. One investment 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $285.78.

Insiders Place Their Bets

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

F5 Trading Up 2.6 %

FFIV opened at $261.68 on Friday. The company’s 50 day moving average is $278.77 and its 200 day moving average is $257.87. The company has a market cap of $15.09 billion, a price-to-earnings ratio of 26.01, a PEG 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.

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.