New York Life Investment Management LLC Has $3.53 Million Stock Position in F5, Inc. (NASDAQ:FFIV)

New York Life Investment Management LLC lessened its stake in F5, Inc. (NASDAQ:FFIV) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,031 shares of the network technology company’s stock after selling 672 shares during the quarter. New York Life Investment Management LLC’s holdings in F5 were worth $3,528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Friedenthal Financial acquired a new position in F5 in the fourth quarter valued at about $50,000. 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 purchasing an additional 282 shares in the last quarter. 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 purchasing an additional 142 shares in the last quarter. 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 purchasing an additional 317 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in F5 in the third quarter valued at about $84,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Transactions at F5

In related news, insider Lyra Amber Schramm sold 253 shares of the company’s stock in a transaction that occurred on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the sale, the insider now directly owns 200 shares in the company, valued at $59,452. This represents a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the sale, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. The trade was a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,060 shares of company stock worth $4,477,083. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FFIV. 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. Morgan Stanley lifted their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group lifted their target price on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Piper Sandler lifted their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Barclays lifted their target price on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $295.00.

F5 Trading Up 0.5 %

NASDAQ:FFIV opened at $292.43 on Friday. The stock has a market cap of $16.86 billion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06. The stock’s 50-day moving average is $279.35 and its 200-day moving average is $244.69. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00.

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.