Denver PWM LLC Decreases Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Denver PWM LLC reduced its stake in shares of F5, Inc. (NASDAQ:FFIV) by 20.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239 shares of the network technology company’s stock after selling 62 shares during the quarter. Denver PWM LLC’s holdings in F5 were worth $60,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FFIV. Friedenthal Financial purchased a new stake in shares of F5 during the 4th quarter worth $50,000. Venturi Wealth Management LLC raised its stake in F5 by 79.8% in the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock valued at $70,000 after buying an additional 142 shares during the last quarter. Global Retirement Partners LLC raised its stake in F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after buying an additional 282 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in F5 in the third quarter valued at about $84,000. Finally, Allworth Financial LP raised its stake in F5 by 1,132.1% in the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock valued at $94,000 after buying an additional 317 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FFIV has been the subject of a number of research analyst reports. StockNews.com upgraded F5 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Bank of America increased 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. The Goldman Sachs Group increased 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. Barclays raised their price objective on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Evercore ISI raised their price objective on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, F5 currently has an average rating of “Hold” and an average price target of $295.00.

Insider Buying and Selling at F5

In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 27,264 shares of the company’s stock, valued at approximately $7,915,557.12. This trade represents a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lyra Amber Schramm sold 253 shares of the firm’s stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the sale, the insider now directly owns 200 shares in the company, valued at approximately $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,574 shares of company stock valued at $3,455,057. Company insiders own 0.52% of the company’s stock.

F5 Stock Down 3.0 %

F5 stock opened at $295.56 on Friday. The firm has a market cap of $17.04 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The business’s 50-day moving average price is $275.62 and its 200 day moving average price is $241.08.

F5 declared that its board has authorized a stock repurchase plan on Monday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network technology company to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.