Smartleaf Asset Management LLC Has $208,000 Position in F5, Inc. (NASDAQ:FFIV)

Smartleaf Asset Management LLC trimmed its position in F5, Inc. (NASDAQ:FFIV) by 25.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 823 shares of the network technology company’s stock after selling 285 shares during the period. Smartleaf Asset Management LLC’s holdings in F5 were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Friedenthal Financial acquired a new position in shares of F5 in the fourth quarter valued at about $50,000. Global Retirement Partners LLC grew its position in shares of 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 purchasing an additional 282 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of F5 by 79.8% during the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock worth $70,000 after purchasing an additional 142 shares during the period. Allworth Financial LP raised its position in shares of F5 by 1,132.1% in the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock valued at $94,000 after buying an additional 317 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of F5 in the third quarter valued at approximately $84,000. Institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Piper Sandler raised their price objective on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Evercore ISI raised their price target on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. Morgan Stanley upped their price objective on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Barclays increased their price objective on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Bank of America upped their price target on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $295.00.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $282.73 on Thursday. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The company has a market cap of $16.30 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 3.85 and a beta of 1.10. The firm has a 50 day simple moving average of $280.43 and a 200 day simple moving average of $246.28.

Insiders Place Their Bets

In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction that occurred on 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 approximately $5,885,588.50. This represents a 14.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction on 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 transaction, the executive vice president now owns 27,264 shares in the company, valued at approximately $7,915,557.12. This trade represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,060 shares of company stock valued at $4,477,083 in the last 90 days. Corporate 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.