HighTower Advisors LLC Purchases 49 Shares of F5, Inc. (NASDAQ:FFIV)

HighTower Advisors LLC lifted its holdings in F5, Inc. (NASDAQ:FFIV) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 966 shares of the network technology company’s stock after buying an additional 49 shares during the quarter. HighTower Advisors LLC’s holdings in F5 were worth $243,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after purchasing an additional 81,005 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of F5 by 457.6% during the 4th 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 during the period. Boston Trust Walden Corp boosted its stake in shares of F5 by 3.9% in the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock worth $48,991,000 after buying an additional 7,341 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 worth $539,000 after acquiring an additional 571 shares during the period. Finally, Synergy Asset Management LLC grew its holdings in shares of F5 by 100.0% in the fourth quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company’s stock worth $525,000 after acquiring an additional 1,112 shares during the period. 90.66% of the stock is currently owned by institutional investors.

F5 Price Performance

NASDAQ FFIV opened at $272.73 on Thursday. The company has a market cap of $15.72 billion, a P/E ratio of 27.11, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The stock has a 50-day moving average of $284.99 and a two-hundred day moving average of $256.04.

Insiders Place Their Bets

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the transaction, the chief executive officer now owns 148,647 shares in the company, valued at approximately $39,446,454.39. This represents a 0.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Chad Michael Whalen sold 4,093 shares of the business’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 transaction, 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. Insiders sold 18,232 shares of company stock valued at $5,310,131 in the last ninety days. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FFIV shares. Barclays upped their price objective on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada increased their price objective 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 shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. Morgan Stanley upped their target price on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Needham & Company LLC lifted their price target on shares of F5 from $285.00 to $360.00 and gave the company 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 given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price 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.