United Capital Financial Advisors LLC Grows Stock Holdings in F5, Inc. (NASDAQ:FFIV)

United Capital Financial Advisors LLC grew its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,598 shares of the network technology company’s stock after purchasing an additional 60 shares during the quarter. United Capital Financial Advisors LLC owned approximately 0.09% of F5 worth $13,227,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in F5 by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company’s stock worth $1,897,154,000 after buying an additional 64,261 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of 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 worth $402,536,000 after acquiring an additional 30,367 shares during the last quarter. Norges Bank acquired a new stake in shares of F5 in the fourth quarter worth approximately $171,127,000. Alliancebernstein L.P. increased its position in F5 by 14.0% during the fourth quarter. Alliancebernstein L.P. now owns 656,231 shares of the network technology company’s stock worth $165,022,000 after purchasing an additional 80,570 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in F5 by 598.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company’s stock worth $106,944,000 after purchasing an additional 364,372 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on FFIV. Barclays upped 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. Piper Sandler dropped their price target on F5 from $304.00 to $262.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Morgan Stanley reduced their price objective on F5 from $310.00 to $269.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Evercore ISI raised their price target on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. Finally, Royal Bank of Canada boosted their price objective on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $285.78.

F5 Price Performance

Shares of F5 stock opened at $263.53 on Wednesday. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The business has a 50-day moving average of $277.08 and a 200-day moving average of $258.47. The company has a market capitalization of $15.19 billion, a PE ratio of 26.20, a P/E/G ratio of 3.85 and a beta of 1.14.

Insider Buying and Selling at F5

In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the transaction, the executive vice president now owns 27,264 shares of the company’s stock, valued at $7,915,557.12. This trade represents a 13.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the sale, the insider now owns 200 shares of the company’s stock, valued at $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock worth $5,310,131 in the last 90 days. 0.52% of the stock is 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.