Envestnet Portfolio Solutions Inc. Sells 41 Shares of F5, Inc. (NASDAQ:FFIV)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of F5, Inc. (NASDAQ:FFIV) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,008 shares of the network technology company’s stock after selling 41 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in F5 were worth $253,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Friedenthal Financial acquired a new stake in F5 in the fourth quarter valued at $50,000. EverSource Wealth Advisors LLC increased its position in shares of F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after acquiring an additional 49 shares in the last quarter. Smithfield Trust Co bought a new position in shares of F5 in the fourth quarter valued at approximately $57,000. Global Retirement Partners LLC boosted its holdings in F5 by 783.3% during the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after purchasing an additional 282 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of F5 by 1,132.1% in the 4th quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock worth $94,000 after buying an additional 317 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FFIV shares. The Goldman Sachs Group increased their price target on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. 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 report on Wednesday, January 29th. Piper Sandler raised 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. Evercore ISI increased their price target on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Finally, Barclays raised their price target on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 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 assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $295.00.

Insider Activity

In other news, Director Marianne Budnik sold 728 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the sale, the director now directly owns 1,770 shares of the company’s stock, valued at $538,876.50. This represents a 29.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Chad Michael Whalen sold 4,093 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the sale, the executive vice president now owns 27,264 shares in the company, valued at $7,915,557.12. The trade was a 13.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,932 shares of company stock valued at $4,965,150. Company insiders own 0.52% of the company’s stock.

F5 Trading Down 2.3 %

Shares of NASDAQ:FFIV opened at $263.88 on Friday. The company has a 50-day moving average price of $284.92 and a 200-day moving average price of $254.35. The company has a market cap of $15.21 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00.

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.