Global Retirement Partners LLC Boosts Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Global Retirement Partners LLC lifted its stake in shares of F5, Inc. (NASDAQ:FFIV) by 783.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 318 shares of the network technology company’s stock after acquiring an additional 282 shares during the quarter. Global Retirement Partners LLC’s holdings in F5 were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of FFIV. Creative Planning increased its holdings in F5 by 8.7% in the third quarter. Creative Planning now owns 4,342 shares of the network technology company’s stock valued at $956,000 after buying an additional 348 shares during the last quarter. Private Advisor Group LLC purchased a new position in F5 in the third quarter valued at $338,000. State of Alaska Department of Revenue increased its holdings in F5 by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 6,772 shares of the network technology company’s stock valued at $1,491,000 after buying an additional 390 shares during the last quarter. abrdn plc increased its holdings in F5 by 27.3% in the third quarter. abrdn plc now owns 23,442 shares of the network technology company’s stock valued at $5,144,000 after buying an additional 5,020 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in F5 by 2.9% in the third quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company’s stock valued at $447,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Stock Performance

Shares of FFIV opened at $292.43 on Friday. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06. The firm has a 50-day simple moving average of $279.35 and a 200-day simple moving average of $244.32.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Piper Sandler increased their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays raised their price objective on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Royal Bank of Canada raised their price objective on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Bank of America raised their price objective on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. Finally, Needham & Company LLC raised their price objective on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. One 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.com, the company currently has an average rating of “Hold” and an average target price of $295.00.

Insider Transactions at F5

In other news, Director Marianne Budnik sold 728 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the sale, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction dated Saturday, February 1st. The stock was sold at an average price of $297.26, for a total transaction of $75,206.78. Following the sale, the insider now owns 200 shares of the company’s stock, valued at $59,452. This trade represents a 55.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,060 shares of company stock worth $4,477,083. Company insiders own 0.52% of the company’s stock.

F5 Company 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.