Private Advisor Group LLC Sells 638 Shares of F5, Inc. (NASDAQ:FFIV)

Private Advisor Group LLC cut its stake in shares of F5, Inc. (NASDAQ:FFIV) by 41.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 897 shares of the network technology company’s stock after selling 638 shares during the quarter. Private Advisor Group LLC’s holdings in F5 were worth $226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chase Investment Counsel Corp bought a new position in F5 during the third quarter worth $4,726,000. JPMorgan Chase & Co. boosted its stake in F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after acquiring an additional 81,005 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of F5 by 457.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock valued at $7,899,000 after buying an additional 25,748 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of F5 by 3.9% in the fourth quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock valued at $48,991,000 after buying an additional 7,341 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of F5 by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock valued at $539,000 after buying an additional 571 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of F5 stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the sale, the chief executive officer now owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,060 shares of company stock worth $4,477,083. Insiders own 0.52% of the company’s stock.

F5 Price Performance

Shares of FFIV stock opened at $275.76 on Friday. The firm has a 50-day moving average of $280.96 and a 200-day moving average of $246.54. The company has a market cap of $15.90 billion, a P/E ratio of 27.41, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FFIV shares. The Goldman Sachs Group raised their price objective on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Barclays raised their price objective on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Bank of America raised their price objective on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. Needham & Company LLC raised their price objective on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley raised their price objective on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, F5 has an average rating of “Hold” and a consensus price target of $295.00.

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.