UniSuper Management Pty Ltd Sells 211 Shares of F5, Inc. (NASDAQ:FFIV)

UniSuper Management Pty Ltd decreased its position in F5, Inc. (NASDAQ:FFIV) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,582 shares of the network technology company’s stock after selling 211 shares during the quarter. UniSuper Management Pty Ltd’s holdings in F5 were worth $3,918,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new stake in F5 in the fourth quarter valued at $35,000. Friedenthal Financial bought a new stake in shares of F5 in the fourth quarter valued at approximately $50,000. EverSource Wealth Advisors LLC grew its holdings in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after purchasing an additional 49 shares in the last quarter. Smithfield Trust Co bought a new position in F5 in the 4th quarter valued at about $57,000. Finally, Global Retirement Partners LLC raised its position in F5 by 783.3% during the fourth 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. Institutional investors own 90.66% of the company’s stock.

Insider Activity

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the transaction, the executive vice president now directly owns 20,075 shares of the company’s stock, valued at approximately $5,885,588.50. This trade represents a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the sale, the director now owns 1,770 shares of the company’s stock, valued at approximately $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 have sold a total of 16,932 shares of company stock valued at $4,965,150 over the last ninety days. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FFIV. Barclays upped their price objective on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Morgan Stanley upped their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. The Goldman Sachs Group boosted their price objective on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada raised their price target on shares of 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 upped their target price on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $295.00.

F5 Stock Performance

Shares of FFIV opened at $263.88 on Friday. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The stock has a market cap of $15.21 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. The firm’s 50-day simple moving average is $284.92 and its two-hundred day simple moving average is $254.35.

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.