iA Global Asset Management Inc. Has $846,000 Position in F5, Inc. (NASDAQ:FFIV)

iA Global Asset Management Inc. lowered its position in F5, Inc. (NASDAQ:FFIV) by 22.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,365 shares of the network technology company’s stock after selling 987 shares during the quarter. iA Global Asset Management Inc.’s holdings in F5 were worth $846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC increased its stake in shares of 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 valued at $1,208,763,000 after buying an additional 191,020 shares during the period. State Street Corp increased its stake in shares of F5 by 0.5% in the third quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock valued at $701,825,000 after buying an additional 16,663 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 buying an additional 117,080 shares during the period. JPMorgan Chase & Co. increased its stake in shares of F5 by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after buying an additional 81,005 shares during the period. Finally, Retirement Systems of Alabama increased its stake in shares of F5 by 7.7% in the third quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company’s stock valued at $83,101,000 after buying an additional 27,124 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Stock Down 0.0 %

Shares of NASDAQ:FFIV opened at $268.40 on Friday. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 3.85 and a beta of 1.10. The stock’s 50 day moving average is $283.86 and its 200-day moving average is $251.86. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00.

Analyst Upgrades and Downgrades

FFIV has been the topic of several analyst reports. Morgan Stanley upped their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. 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. 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. 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. Finally, 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, F5 presently has a consensus rating of “Hold” and an average price target of $295.00.

Insider Activity at F5

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction 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 sale, the executive vice president now directly 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the sale, the director now directly owns 1,770 shares of the company’s stock, valued at approximately $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,932 shares of company stock valued at $4,965,150. 0.52% of the stock is owned by insiders.

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.