F5, Inc. (NASDAQ:FFIV) Shares Acquired by Sei Investments Co.

Sei Investments Co. grew its stake in shares of F5, Inc. (NASDAQ:FFIV) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 183,351 shares of the network technology company’s stock after acquiring an additional 894 shares during the quarter. Sei Investments Co.’s holdings in F5 were worth $46,106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Friedenthal Financial acquired a new stake in F5 during the 4th quarter worth about $50,000. EverSource Wealth Advisors LLC increased its position in shares of F5 by 31.8% in 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 purchased a new stake in shares of F5 in the 4th quarter valued at approximately $57,000. Global Retirement Partners LLC boosted its stake in F5 by 783.3% in the 4th 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 period. Finally, Point72 Hong Kong Ltd acquired a new position in F5 in the 3rd quarter worth approximately $84,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Stock Up 2.2 %

FFIV stock opened at $274.31 on Tuesday. The firm has a 50 day moving average of $284.24 and a two-hundred day moving average of $253.12. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 3.85 and a beta of 1.10.

Insider Activity at F5

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the sale, the chief executive officer now owns 151,247 shares of the company’s stock, valued at $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were 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 approximately $7,915,557.12. This trade represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,932 shares of company stock valued at $4,965,150. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FFIV. Bank of America boosted their target price 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. Royal Bank of Canada raised their price objective on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Piper Sandler lifted their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group increased their price target on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Barclays boosted their price objective on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, F5 currently has an average rating of “Hold” and an average 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.