Crestwood Advisors Group LLC Takes Position in F5, Inc. (NASDAQ:FFIV)

Crestwood Advisors Group LLC purchased a new stake in F5, Inc. (NASDAQ:FFIV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 819 shares of the network technology company’s stock, valued at approximately $206,000.

A number of other large investors also recently made changes to their positions in FFIV. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of F5 by 33.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 35,480 shares of the network technology company’s stock valued at $8,922,000 after buying an additional 8,900 shares in the last quarter. Lipe & Dalton increased its position in shares of F5 by 19.2% in the 4th quarter. Lipe & Dalton now owns 1,240 shares of the network technology company’s stock valued at $312,000 after buying an additional 200 shares in the last quarter. ING Groep NV bought a new stake in shares of F5 in the 4th quarter valued at $1,866,000. Morningstar Investment Management LLC bought a new stake in shares of F5 in the 4th quarter valued at $222,000. Finally, Handelsbanken Fonder AB increased its position in shares of F5 by 2.8% in the 4th quarter. Handelsbanken Fonder AB now owns 14,900 shares of the network technology company’s stock valued at $3,747,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Activity

In other news, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the transaction, the chief executive officer now owns 151,247 shares in the company, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 200 shares of the company’s stock, valued at $59,452. The trade was a 55.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,574 shares of company stock worth $3,455,057 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

FFIV has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Needham & Company LLC upped their price objective on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Bank of America increased their target price on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. Royal Bank of Canada increased 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, Piper Sandler increased their target price on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $295.00.

F5 Price Performance

Shares of NASDAQ FFIV opened at $294.82 on Thursday. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 3.85 and a beta of 1.06. The business has a 50-day moving average of $277.74 and a 200-day moving average of $243.27. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00.

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.