Chase Investment Counsel Corp Sells 472 Shares of F5, Inc. (NASDAQ:FFIV)

Chase Investment Counsel Corp lowered its position in shares of F5, Inc. (NASDAQ:FFIV) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,991 shares of the network technology company’s stock after selling 472 shares during the period. F5 comprises about 1.7% of Chase Investment Counsel Corp’s holdings, making the stock its 22nd largest holding. Chase Investment Counsel Corp’s holdings in F5 were worth $5,278,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its stake in F5 by 33.9% during the fourth quarter. Metis Global Partners LLC now owns 6,052 shares of the network technology company’s stock worth $1,522,000 after purchasing an additional 1,532 shares during the last quarter. Fisher Asset Management LLC lifted its stake in F5 by 163.3% during the fourth quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company’s stock worth $20,121,000 after purchasing an additional 49,629 shares during the last quarter. Linscomb Wealth Inc. lifted its stake in F5 by 4.6% during the fourth quarter. Linscomb Wealth Inc. now owns 9,945 shares of the network technology company’s stock worth $2,501,000 after purchasing an additional 436 shares during the last quarter. QRG Capital Management Inc. lifted its stake in F5 by 4.2% during the fourth quarter. QRG Capital Management Inc. now owns 4,229 shares of the network technology company’s stock worth $1,063,000 after purchasing an additional 172 shares during the last quarter. Finally, Versor Investments LP bought a new stake in F5 during the fourth quarter worth about $1,657,000. Institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling at F5

In other news, Director Marianne Budnik sold 728 shares of the stock in a transaction that occurred 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction that occurred on 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 directly owns 20,075 shares of the company’s stock, valued at $5,885,588.50. This represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,060 shares of company stock valued at $4,477,083 in the last 90 days. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FFIV. Barclays boosted their target price on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada boosted their target price on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Needham & Company LLC boosted their target price on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Piper Sandler boosted their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group boosted their target price on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, F5 currently has an average rating of “Hold” and a consensus price target of $295.00.

F5 Price Performance

FFIV opened at $292.43 on Friday. The business has a 50 day simple moving average of $279.35 and a two-hundred day simple moving average of $244.32. The firm has a market capitalization of $16.86 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 3.85 and a beta of 1.06. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.

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.