F5, Inc. (NASDAQ:FFIV) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,157 shares of the network technology company’s stock after buying an additional 1,419 shares during the period. Sequoia Financial Advisors LLC’s holdings in F5 were worth $3,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in FFIV. Principal Financial Group Inc. increased its position in F5 by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 90,002 shares of the network technology company’s stock valued at $19,818,000 after buying an additional 1,614 shares in the last quarter. Venturi Wealth Management LLC grew its stake in F5 by 79.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock valued at $70,000 after purchasing an additional 142 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in F5 by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 147,859 shares of the network technology company’s stock valued at $32,559,000 after purchasing an additional 790 shares during the last quarter. Victory Capital Management Inc. grew its stake in F5 by 56.0% during the 3rd quarter. Victory Capital Management Inc. now owns 142,066 shares of the network technology company’s stock valued at $31,283,000 after purchasing an additional 51,024 shares during the last quarter. Finally, Metis Global Partners LLC grew its stake in F5 by 7.9% during the 3rd quarter. Metis Global Partners LLC now owns 4,520 shares of the network technology company’s stock valued at $995,000 after purchasing an additional 332 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was 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 owns 20,075 shares of the company’s stock, valued at approximately $5,885,588.50. This represents a 14.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lyra Amber Schramm sold 253 shares of the company’s stock in a transaction dated Saturday, February 1st. The stock was 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 directly 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. In the last 90 days, insiders sold 15,060 shares of company stock valued at $4,477,083. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on FFIV. The Goldman Sachs Group boosted their price target on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Evercore ISI boosted their price target on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Bank of America boosted 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. Morgan Stanley boosted 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. Finally, Barclays boosted their price target on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $295.00.

F5 Stock Down 3.2 %

Shares of FFIV opened at $257.42 on Friday. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 3.85 and a beta of 1.10. The stock’s 50-day moving average price is $282.58 and its 200-day moving average price is $249.06.

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.