Huber Capital Management LLC Sells 500 Shares of F5, Inc. (NASDAQ:FFIV)

Huber Capital Management LLC lessened its stake in F5, Inc. (NASDAQ:FFIV) by 6.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,120 shares of the network technology company’s stock after selling 500 shares during the period. Huber Capital Management LLC’s holdings in F5 were worth $1,790,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Kesler Norman & Wride LLC acquired a new stake in F5 during the fourth quarter worth $326,000. Groupama Asset Managment acquired a new stake in F5 in the 4th quarter valued at $587,000. Geode Capital Management LLC grew its position in F5 by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company’s stock valued at $402,536,000 after acquiring an additional 30,367 shares during the period. National Bank of Canada FI raised its stake in F5 by 14.9% during the fourth quarter. National Bank of Canada FI now owns 27,170 shares of the network technology company’s stock worth $6,833,000 after acquiring an additional 3,526 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of F5 by 213.5% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 3,853 shares of the network technology company’s stock valued at $969,000 after acquiring an additional 2,624 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at F5

In related news, Director Marianne Budnik sold 728 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the transaction, the director now directly owns 1,770 shares in the company, valued at $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm’s stock in a transaction that occurred 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 directly owns 148,647 shares in the company, valued at approximately $39,446,454.39. The trade was a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,232 shares of company stock worth $5,310,131. Company insiders own 0.52% of the company’s stock.

F5 Stock Up 1.5 %

Shares of FFIV opened at $272.73 on Thursday. The stock’s fifty day simple moving average is $284.99 and its 200-day simple moving average is $256.04. The firm has a market capitalization of $15.72 billion, a PE ratio of 27.11, 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.

Analyst Upgrades and Downgrades

FFIV has been the subject of a number of recent analyst reports. Needham & Company LLC increased their target price on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Bank of America lifted 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. Morgan Stanley increased their price target on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research 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 report on Friday, January 17th. Finally, Barclays increased their target price on F5 from $246.00 to $296.00 and gave the stock an “equal weight” 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, F5 presently 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.