F5, Inc. (NASDAQ:FFIV) Stake Lessened by Fox Run Management L.L.C.

Fox Run Management L.L.C. decreased its position in shares of F5, Inc. (NASDAQ:FFIV) by 36.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,800 shares of the network technology company’s stock after selling 1,041 shares during the period. Fox Run Management L.L.C.’s holdings in F5 were worth $453,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Friedenthal Financial acquired a new position in shares of F5 during the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC grew its stake in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after purchasing an additional 49 shares during the last quarter. Smithfield Trust Co bought a new stake in shares of F5 in the 4th quarter worth approximately $57,000. Global Retirement Partners LLC lifted its stake in F5 by 783.3% during the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after purchasing an additional 282 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in F5 during the third quarter worth approximately $84,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Stock Performance

FFIV stock opened at $275.05 on Wednesday. The firm has a 50 day simple moving average of $284.58 and a 200 day simple moving average of $253.66. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The stock has a market cap of $15.86 billion, a P/E ratio of 27.34, a P/E/G ratio of 3.85 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group upped their price target on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada boosted their target price on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Needham & Company LLC increased their price target on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Barclays boosted their price objective on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley upped their price objective on shares of F5 from $262.00 to $310.00 and gave the company 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, F5 has a consensus rating of “Hold” and a consensus price target of $295.00.

Insider Buying and Selling at F5

In related news, Director Marianne Budnik sold 728 shares of the 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 directly owns 1,770 shares in the company, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scot Frazier Rogers sold 3,486 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 16,932 shares of company stock valued at $4,965,150 in the last quarter. Company insiders own 0.52% of the company’s stock.

About F5

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.