Atria Investments Inc Decreases Holdings in F5, Inc. (NASDAQ:FFIV)

Atria Investments Inc reduced its position in F5, Inc. (NASDAQ:FFIV) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,408 shares of the network technology company’s stock after selling 58 shares during the quarter. Atria Investments Inc’s holdings in F5 were worth $354,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its position in F5 by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 147,859 shares of the network technology company’s stock valued at $32,559,000 after buying an additional 790 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of F5 by 56.0% during the third quarter. Victory Capital Management Inc. now owns 142,066 shares of the network technology company’s stock worth $31,283,000 after acquiring an additional 51,024 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of F5 by 7.9% during the third quarter. Metis Global Partners LLC now owns 4,520 shares of the network technology company’s stock valued at $995,000 after acquiring an additional 332 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of F5 by 10.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,563 shares of the network technology company’s stock worth $344,000 after buying an additional 150 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in F5 by 8.1% in the 3rd quarter. CIBC Asset Management Inc now owns 8,561 shares of the network technology company’s stock worth $1,885,000 after acquiring an additional 639 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Price Performance

Shares of F5 stock opened at $262.46 on Monday. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The stock has a market capitalization of $15.13 billion, a P/E ratio of 26.09, a PEG ratio of 3.85 and a beta of 1.10. The business has a 50 day simple moving average of $282.85 and a two-hundred day simple moving average of $250.26.

Insider Transactions at F5

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the sale, the executive vice president now directly owns 20,075 shares in the company, valued at approximately $5,885,588.50. The trade was a 14.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marianne Budnik sold 1,872 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the sale, the director now directly owns 1,207 shares in the company, valued at $314,689.04. This trade represents a 60.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,932 shares of company stock valued at $4,965,150 over the last 90 days. 0.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FFIV shares. Barclays boosted their price target on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada upped their price target on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Evercore ISI lifted their price objective on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Bank of America upped their target price on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Finally, Piper Sandler boosted their price target on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have assigned 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, F5 presently has an average rating of “Hold” and a consensus price target of $295.00.

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.