Savant Capital LLC Acquires 118 Shares of F5, Inc. (NASDAQ:FFIV)

Savant Capital LLC grew its position in F5, Inc. (NASDAQ:FFIV) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,119 shares of the network technology company’s stock after acquiring an additional 118 shares during the quarter. Savant Capital LLC’s holdings in F5 were worth $281,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of F5 during the third quarter worth $28,000. Friedenthal Financial acquired a new position in F5 in the fourth quarter valued at about $50,000. Venturi Wealth Management LLC grew its stake in F5 by 79.8% in the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock valued at $70,000 after acquiring an additional 142 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of F5 during the third quarter worth about $84,000. Finally, Blue Trust Inc. boosted its position in shares of F5 by 156.0% during the third quarter. Blue Trust Inc. now owns 617 shares of the network technology company’s stock worth $136,000 after buying an additional 376 shares during the period. Institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the sale, the chief executive officer now owns 151,247 shares of the company’s stock, valued at $45,836,915.82. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Marianne Budnik sold 728 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now directly owns 1,770 shares in the company, valued at $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,574 shares of company stock valued at $3,455,057. 0.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FFIV shares. Needham & Company LLC upped their target price on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Piper Sandler increased their target price on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group increased their price target on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Evercore ISI raised their target price on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their target price on F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $295.00.

F5 Stock Down 0.8 %

Shares of NASDAQ FFIV opened at $307.59 on Wednesday. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The stock’s 50 day moving average price is $273.09 and its 200-day moving average price is $239.01. The company has a market capitalization of $17.84 billion, a PE ratio of 30.58, a PEG ratio of 3.90 and a beta of 1.06.

F5 declared that its board has authorized a stock repurchase program on Monday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network technology company to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

About F5

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.