Securian Asset Management Inc. Cuts Position in F5, Inc. (NASDAQ:FFIV)

Securian Asset Management Inc. decreased its holdings in F5, Inc. (NASDAQ:FFIV) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,056 shares of the network technology company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in F5 were worth $768,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FFIV. Edge Capital Group LLC purchased a new position in F5 in the fourth quarter worth $59,623,000. Cookson Peirce & Co. Inc. purchased a new position in F5 in the fourth quarter worth $53,212,000. Hotchkis & Wiley Capital Management LLC raised its position in F5 by 3.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock worth $1,208,763,000 after acquiring an additional 191,020 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in F5 in the third quarter valued at $35,090,000. Finally, Geode Capital Management LLC grew its holdings in F5 by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock valued at $345,560,000 after purchasing an additional 117,080 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FFIV. Barclays upped their target price on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. The Goldman Sachs Group upped their target price on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada upped their target price on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Bank of America upped their target price on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. Finally, Piper Sandler upped their target price on 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 assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $295.00.

F5 Trading Up 2.0 %

Shares of NASDAQ:FFIV opened at $262.46 on Friday. The stock’s 50-day moving average price is $282.85 and its two-hundred day moving average price is $249.90. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 3.85 and a beta of 1.10.

Insiders Place Their Bets

In other F5 news, Director Marianne Budnik sold 1,872 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the sale, the director now directly owns 1,207 shares of the company’s stock, valued at approximately $314,689.04. This trade represents a 60.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the sale, the executive vice president now directly owns 27,264 shares in the company, valued at approximately $7,915,557.12. The trade was a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,932 shares of company stock valued at $4,965,150. Insiders own 0.52% of the company’s stock.

F5 Company 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.