Bank of New York Mellon Corp Sells 15,268 Shares of F5, Inc. (NASDAQ:FFIV)

Bank of New York Mellon Corp trimmed its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 488,911 shares of the network technology company’s stock after selling 15,268 shares during the quarter. Bank of New York Mellon Corp owned 0.84% of F5 worth $122,946,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of FFIV. Friedenthal Financial acquired a new position in F5 during the 4th quarter worth approximately $50,000. Venturi Wealth Management LLC boosted its position in F5 by 79.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock worth $70,000 after acquiring an additional 142 shares during the last quarter. Global Retirement Partners LLC boosted its position in F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after acquiring an additional 282 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in F5 during the 3rd quarter worth approximately $84,000. Finally, Allworth Financial LP boosted its position in F5 by 1,132.1% during the 4th quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock worth $94,000 after acquiring an additional 317 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

F5 Price Performance

Shares of F5 stock opened at $292.43 on Friday. The business has a fifty day simple moving average of $279.35 and a two-hundred day simple moving average of $244.69. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 3.85 and a beta of 1.06.

Wall Street Analysts Forecast Growth

FFIV has been the subject of a number of recent research reports. Evercore ISI upped their price target on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. Royal Bank of Canada upped their price target on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Morgan Stanley upped 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. Barclays increased their price objective on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Finally, Piper Sandler increased their price objective on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, F5 presently has an average rating of “Hold” and an average price target of $295.00.

Insider Buying and Selling at F5

In other F5 news, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the sale, the director now owns 1,770 shares of the company’s stock, valued at $538,876.50. This trade represents a 29.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 27,264 shares of the company’s stock, valued at $7,915,557.12. This represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,060 shares of company stock valued at $4,477,083 in the last quarter. 0.52% of the stock is currently owned by insiders.

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.