Hurley Capital LLC Takes Position in F5, Inc. (NASDAQ:FFIV)

Hurley Capital LLC purchased a new position in F5, Inc. (NASDAQ:FFIV) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 169 shares of the network technology company’s stock, valued at approximately $43,000.

Several other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its position in F5 by 68.0% during the 3rd quarter. FMR LLC now owns 58,236 shares of the network technology company’s stock worth $12,824,000 after purchasing an additional 23,563 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of F5 by 13.5% during the third quarter. Public Sector Pension Investment Board now owns 2,519 shares of the network technology company’s stock valued at $555,000 after buying an additional 300 shares during the period. Captrust Financial Advisors boosted its position in F5 by 2.0% during the third quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company’s stock worth $572,000 after acquiring an additional 50 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in F5 in the 3rd quarter worth approximately $265,000. Finally, HighTower Advisors LLC purchased a new position in shares of F5 during the 3rd quarter worth $201,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FFIV has been the subject of a number of recent analyst reports. Barclays lifted their price objective on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Piper Sandler upped their price objective on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Morgan Stanley raised their target price on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Evercore ISI upped their price target on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group lifted their price target on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. One equities 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 issued a strong buy rating to the stock. According to MarketBeat.com, F5 currently has an average rating of “Hold” and an average price target of $295.00.

Insiders Place Their Bets

In other F5 news, Director Marianne Budnik sold 728 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the sale, the director now owns 1,770 shares in the company, valued at $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Francois Locoh-Donou sold 6,500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the sale, the chief executive officer now directly owns 151,247 shares in the company, valued at $45,836,915.82. This trade represents a 4.12 % 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 valued at $5,310,131 in the last ninety days. Corporate insiders own 0.52% of the company’s stock.

F5 Trading Down 4.7 %

F5 stock opened at $239.25 on Friday. The stock has a 50 day moving average of $283.88 and a 200-day moving average of $256.47. The stock has a market cap of $13.79 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00.

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.