Sequoia Financial Advisors LLC lifted its position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 14.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,144 shares of the network technology company’s stock after purchasing an additional 2,814 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in F5 were worth $9,211,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of FFIV. Pinnacle Wealth Management Advisory Group LLC raised its holdings in F5 by 2.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,447 shares of the network technology company’s stock worth $419,000 after buying an additional 36 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of F5 by 3.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the network technology company’s stock worth $309,000 after acquiring an additional 39 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of F5 by 4.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 968 shares of the network technology company’s stock worth $247,000 after acquiring an additional 41 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in F5 by 4.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,047 shares of the network technology company’s stock valued at $338,000 after purchasing an additional 45 shares during the last quarter. Finally, Optas LLC increased its holdings in F5 by 4.7% during the 1st quarter. Optas LLC now owns 1,035 shares of the network technology company’s stock worth $299,000 after purchasing an additional 46 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.
F5 Trading Down 1.5%
Shares of NASDAQ FFIV opened at $398.48 on Friday. The stock has a fifty day simple moving average of $403.41 and a two-hundred day simple moving average of $360.07. F5, Inc. has a 1-year low of $223.76 and a 1-year high of $435.00. The firm has a market cap of $22.57 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 3.95 and a beta of 1.03.
Insider Buying and Selling at F5
In other news, CEO Francois Locoh-Donou sold 3,782 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $412.44, for a total value of $1,559,848.08. Following the sale, the chief executive officer owned 146,989 shares of the company’s stock, valued at $60,624,143.16. The trade was a 2.51% decrease in their ownership of the stock. 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, insider John Maddison sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $405.85, for a total transaction of $405,850.00. Following the sale, the insider owned 1,353 shares in the company, valued at $549,115.05. The trade was a 42.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 12,199 shares of company stock valued at $4,917,061. Insiders own 0.48% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on FFIV shares. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a report on Tuesday, July 28th. Morgan Stanley increased their target price on shares of F5 from $380.00 to $415.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. Wall Street Zen raised shares of F5 from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Bank of America upped their price objective on shares of F5 from $250.00 to $300.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 26th. Finally, Piper Sandler reissued an “overweight” rating and set a $461.00 target price (up from $423.00) on shares of F5 in a research report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $416.62.
Check Out Our Latest Report on F5
About F5
F5, Inc is a technology company that provides application delivery, security and traffic-management solutions for enterprises, service providers and government organizations. Its offerings are designed to help customers ensure the availability, performance and security of applications across on-premises data centers, public clouds and edge environments.
The company’s portfolio includes BIG-IP software and appliances, NGINX application delivery and web server technologies, and F5 Distributed Cloud Services.
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