Vestcor Inc Cuts Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Vestcor Inc lowered its holdings in F5, Inc. (NASDAQ:FFIV) by 32.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 933 shares of the network technology company’s stock after selling 443 shares during the quarter. Vestcor Inc’s holdings in F5 were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Jones Financial Companies Lllp raised its stake in F5 by 4.3% in the fourth quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock worth $214,000 after buying an additional 35 shares in the last quarter. AMG National Trust Bank lifted its stake in shares of F5 by 0.5% during the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock worth $1,987,000 after purchasing an additional 37 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in F5 by 2.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock valued at $404,000 after purchasing an additional 44 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 49 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in F5 by 5.3% in the fourth quarter. HighTower Advisors LLC now owns 966 shares of the network technology company’s stock worth $243,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Activity at F5

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 1,770 shares of the company’s stock, valued at $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. 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 three months. 0.52% of the stock is owned by insiders.

F5 Stock Down 1.0 %

Shares of F5 stock opened at $264.83 on Wednesday. The firm has a market capitalization of $15.27 billion, a P/E ratio of 26.33, a PEG ratio of 3.85 and a beta of 1.10. The company has a 50 day moving average price of $283.16 and a 200 day moving average price of $251.16. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FFIV. Bank of America raised their price target on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. Needham & Company LLC raised their price target on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Barclays raised their price target on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Morgan Stanley raised their price target on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Finally, Piper Sandler raised their price target on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $295.00.

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.