F5, Inc. (NASDAQ:FFIV) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lifted its stake in shares of F5, Inc. (NASDAQ:FFIV) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,351 shares of the network technology company’s stock after acquiring an additional 135 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in F5 were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FFIV. Edge Capital Group LLC bought a new stake in F5 during the fourth quarter worth approximately $59,623,000. Cookson Peirce & Co. Inc. bought a new stake in F5 during the fourth quarter worth approximately $53,212,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in F5 by 3.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock worth $1,208,763,000 after buying an additional 191,020 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in F5 during the third quarter worth approximately $35,090,000. Finally, Jupiter Asset Management Ltd. boosted its holdings in F5 by 83.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company’s stock worth $74,562,000 after buying an additional 134,537 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Ratings Changes

FFIV has been the subject of a number of research reports. The Goldman Sachs Group raised their target price on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada raised their target price on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Evercore ISI raised their target price on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Piper Sandler raised their price objective on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley raised their price objective on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $295.00.

F5 Stock Up 2.0 %

FFIV stock opened at $262.46 on Monday. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 3.85 and a beta of 1.10. The company has a 50 day moving average of $282.85 and a two-hundred day moving average of $250.26.

Insiders Place Their Bets

In other news, EVP Scot Frazier Rogers sold 3,486 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were 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 approximately $5,885,588.50. This trade represents a 14.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marianne Budnik sold 1,872 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $260.72, for a total transaction of $488,067.84. Following the transaction, the director now owns 1,207 shares in the company, valued at $314,689.04. This represents a 60.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,932 shares of company stock worth $4,965,150 in the last quarter. 0.52% of the stock is currently owned by corporate insiders.

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.