F5, Inc. (NASDAQ:FFIV) is Lyrical Asset Management LP’s 9th Largest Position

Lyrical Asset Management LP decreased its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,082,083 shares of the network technology company’s stock after selling 1,134 shares during the period. F5 makes up approximately 4.1% of Lyrical Asset Management LP’s holdings, making the stock its 9th largest position. Lyrical Asset Management LP owned approximately 1.87% of F5 worth $272,111,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FFIV. Crowley Wealth Management Inc. acquired a new position in F5 in the 4th quarter valued at $35,000. Hurley Capital LLC purchased a new position in F5 during the fourth quarter worth about $43,000. Friedenthal Financial acquired a new stake in F5 in the fourth quarter valued at about $50,000. EverSource Wealth Advisors LLC boosted its holdings in F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 49 shares in the last quarter. Finally, Smithfield Trust Co acquired a new position in F5 during the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Trading Down 4.7 %

NASDAQ:FFIV opened at $239.25 on Friday. The company has a market capitalization of $13.79 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14. The firm has a 50-day moving average price of $283.88 and a two-hundred day moving average price of $256.47. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00.

Analysts Set New Price Targets

FFIV has been the subject of several recent analyst reports. Evercore ISI raised their price target on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. Needham & Company LLC raised their target price on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. The Goldman Sachs Group boosted their target price on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Piper Sandler increased their price target on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Bank of America boosted their price objective on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, F5 presently has an average rating of “Hold” and a consensus price target of $295.00.

Insider Activity

In related news, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 20,075 shares in the company, valued at approximately $5,885,588.50. This represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,232 shares of company stock worth $5,310,131 over the last ninety days. 0.52% of the stock is currently 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.