SG Americas Securities LLC reduced its stake in F5, Inc. (NASDAQ:FFIV – Free Report) by 25.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,412 shares of the network technology company’s stock after selling 6,300 shares during the period. SG Americas Securities LLC’s holdings in F5 were worth $5,951,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of FFIV. Whipplewood Advisors LLC grew its position in shares of F5 by 275.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 90 shares of the network technology company’s stock valued at $26,000 after buying an additional 66 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in F5 by 288.1% in the first quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock valued at $43,000 after acquiring an additional 121 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in F5 in the second quarter valued at $45,000. CNB Bank purchased a new position in shares of F5 during the second quarter worth about $49,000. Finally, SJS Investment Consulting Inc. increased its position in shares of F5 by 2,128.6% during the third quarter. SJS Investment Consulting Inc. now owns 156 shares of the network technology company’s stock worth $50,000 after purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.
F5 Price Performance
Shares of NASDAQ FFIV opened at $269.31 on Friday. The stock has a fifty day moving average price of $249.85 and a 200 day moving average price of $289.51. F5, Inc. has a 1-year low of $223.76 and a 1-year high of $346.00. The company has a market cap of $15.64 billion, a PE ratio of 22.80, a P/E/G ratio of 8.58 and a beta of 0.98.
Insider Activity at F5
In other F5 news, Director Alan Higginson sold 1,309 shares of F5 stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $237.11, for a total value of $310,376.99. Following the sale, the director owned 8,610 shares of the company’s stock, valued at approximately $2,041,517.10. The trade was a 13.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Dean Fountain sold 1,110 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $263.79, for a total value of $292,806.90. Following the transaction, the executive vice president owned 13,623 shares in the company, valued at $3,593,611.17. The trade was a 7.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,595 shares of company stock worth $7,858,505 over the last 90 days. Company insiders own 0.52% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Evercore ISI reissued a “cautious” rating on shares of F5 in a research report on Tuesday, October 28th. Bank of America decreased their price objective on F5 from $260.00 to $250.00 and set an “underperform” rating for the company in a report on Tuesday, October 28th. Royal Bank Of Canada upgraded shares of F5 from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $315.00 to $325.00 in a research report on Monday, January 5th. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research report on Tuesday, October 28th. Finally, Wall Street Zen cut shares of F5 from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $294.22.
View Our Latest Stock Analysis on FFIV
F5 Company Profile
F5 Inc (NASDAQ:FFIV) specializes in application services and delivery networking, helping organizations ensure the availability, performance and security of their applications. The company’s core offerings include advanced load balancing, traffic management and application security solutions designed to optimize user experiences and protect against threats such as distributed denial-of-service (DDoS) attacks and web application exploits.
At the heart of F5’s product portfolio is the BIG-IP platform, which provides a suite of software modules for local and global traffic management, secure web application firewalling and DNS service delivery.
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