Savant Capital LLC lowered its holdings in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 69.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,050 shares of the network technology company’s stock after selling 2,338 shares during the quarter. Savant Capital LLC’s holdings in F5 were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of FFIV. Hantz Financial Services Inc. raised its holdings in shares of F5 by 109.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of F5 during the 4th quarter valued at $28,000. Abich Financial Wealth Management LLC bought a new position in shares of F5 during the 3rd quarter valued at $37,000. Torren Management LLC bought a new position in shares of F5 during the 4th quarter valued at $43,000. Finally, Geneos Wealth Management Inc. grew its stake in F5 by 288.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock valued at $43,000 after buying an additional 121 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.
F5 Price Performance
NASDAQ FFIV opened at $393.35 on Friday. The firm has a market capitalization of $22.19 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 9.05 and a beta of 1.04. The company’s fifty day moving average is $338.41 and its two-hundred day moving average is $291.60. F5, Inc. has a 52-week low of $223.76 and a 52-week high of $411.52.
Wall Street Analyst Weigh In
FFIV has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of F5 from $355.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of F5 from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research note on Wednesday, April 29th. Piper Sandler raised their target price on shares of F5 from $356.00 to $423.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Finally, Barclays raised their target price on shares of F5 from $292.00 to $386.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $379.89.
Read Our Latest Research Report on F5
Insider Buying and Selling
In other F5 news, EVP Chad Michael Whalen sold 6,200 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $350.19, for a total value of $2,171,178.00. Following the sale, the executive vice president directly owned 20,832 shares in the company, valued at $7,295,158.08. This trade represents a 22.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Kunal Anand sold 3,123 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $322.33, for a total transaction of $1,006,636.59. Following the completion of the sale, the chief technology officer owned 12,194 shares in the company, valued at $3,930,492.02. This represents a 20.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 21,579 shares of company stock worth $7,437,510. 0.48% of the stock is currently owned by corporate insiders.
F5 Profile
F5 Inc (NASDAQ:FFIV) specializes in application services and delivery networking, helping organizations ensure the availability, performance and security of their applications. The company’s core offerings include advanced load balancing, traffic management and application security solutions designed to optimize user experiences and protect against threats such as distributed denial-of-service (DDoS) attacks and web application exploits.
At the heart of F5’s product portfolio is the BIG-IP platform, which provides a suite of software modules for local and global traffic management, secure web application firewalling and DNS service delivery.
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