Bryn Mawr Capital Management LLC Purchases 16,344 Shares of F5, Inc. (NASDAQ:FFIV)

Bryn Mawr Capital Management LLC boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 1,175.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,734 shares of the network technology company’s stock after purchasing an additional 16,344 shares during the period. Bryn Mawr Capital Management LLC’s holdings in F5 were worth $4,460,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Northwest Investment Counselors LLC bought a new stake in shares of F5 during the 3rd quarter worth $28,000. Friedenthal Financial acquired a new position in F5 during the fourth quarter worth about $50,000. Venturi Wealth Management LLC lifted its holdings in shares of F5 by 79.8% in the third 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 stake in shares of F5 by 783.3% in the 4th 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 in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of F5 during the 3rd quarter valued at approximately $84,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Morgan Stanley increased their price target on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on F5 from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Royal Bank of Canada upped their target price on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Finally, Bank of America lifted their price target on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. One equities research 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 company. Based on data from MarketBeat.com, F5 presently has a consensus rating of “Hold” and an average target price of $295.00.

F5 Trading Up 0.8 %

NASDAQ FFIV opened at $309.93 on Thursday. The firm has a market capitalization of $17.87 billion, a PE ratio of 30.81, a price-to-earnings-growth ratio of 3.92 and a beta of 1.06. The business’s 50-day moving average price is $274.09 and its two-hundred day moving average price is $239.51. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00.

F5 declared that its Board of Directors has initiated a share repurchase plan on Monday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the network technology company to purchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the firm’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 transaction of $75,206.78. Following the completion of the transaction, the insider now owns 200 shares in the company, valued at approximately $59,452. This trade represents a 55.85 % 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, CEO Francois Locoh-Donou sold 6,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the sale, the chief executive officer now directly owns 151,247 shares in the company, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,574 shares of company stock valued at $3,455,057 over the last ninety days. 0.52% of the stock is owned by company 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.