Great Lakes Advisors LLC Sells 891 Shares of F5, Inc. (NASDAQ:FFIV)

Great Lakes Advisors LLC cut its position in shares of F5, Inc. (NASDAQ:FFIV) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,727 shares of the network technology company’s stock after selling 891 shares during the quarter. Great Lakes Advisors LLC owned 0.09% of F5 worth $12,505,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FFIV. Principal Financial Group Inc. grew its holdings in shares of F5 by 1.8% during the third quarter. Principal Financial Group Inc. now owns 90,002 shares of the network technology company’s stock worth $19,818,000 after buying an additional 1,614 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of F5 by 79.8% during the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock worth $70,000 after buying an additional 142 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of F5 by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 147,859 shares of the network technology company’s stock worth $32,559,000 after buying an additional 790 shares in the last quarter. Victory Capital Management Inc. grew its holdings 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 buying an additional 51,024 shares in the last quarter. Finally, Chase Investment Counsel Corp bought a new position in shares of F5 during the third quarter worth about $4,726,000. 90.66% of the stock is currently owned by institutional investors.

Insider Activity

In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. This trade represents a 14.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00. Following the transaction, the chief executive officer now owns 151,247 shares in the company, valued at approximately $45,836,915.82. This trade represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,060 shares of company stock valued at $4,477,083 over the last three months. Insiders own 0.52% of the company’s stock.

F5 Stock Up 0.3 %

FFIV opened at $266.06 on Thursday. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 3.85 and a beta of 1.10. The business has a 50 day moving average of $282.58 and a 200-day moving average of $249.06.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Bank of America increased their price target on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. Piper Sandler increased their price target on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays increased 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. Finally, Evercore ISI increased their price target on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.