Wells Fargo & Company MN Sells 960 Shares of F5, Inc. (NASDAQ:FFIV)

Wells Fargo & Company MN cut its stake in shares of F5, Inc. (NASDAQ:FFIV) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,224 shares of the network technology company’s stock after selling 960 shares during the period. Wells Fargo & Company MN owned about 0.14% of F5 worth $20,174,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Prudential PLC lifted its position in shares of F5 by 1,067.8% in the fourth quarter. Prudential PLC now owns 18,837 shares of the network technology company’s stock valued at $4,737,000 after acquiring an additional 17,224 shares in the last quarter. Kesler Norman & Wride LLC purchased a new position in F5 during the fourth quarter worth $326,000. Groupama Asset Managment purchased a new position in shares of F5 during the 4th quarter worth about $587,000. Geode Capital Management LLC grew its stake in shares of F5 by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company’s stock valued at $402,536,000 after buying an additional 30,367 shares during the last quarter. Finally, National Bank of Canada FI grew its position in F5 by 14.9% in the 4th quarter. National Bank of Canada FI now owns 27,170 shares of the network technology company’s stock valued at $6,833,000 after acquiring an additional 3,526 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FFIV shares. Piper Sandler dropped their target price on shares of F5 from $304.00 to $262.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC boosted their target price on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Royal Bank of Canada increased their price objective on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Evercore ISI increased their price objective on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. Finally, Bank of America lifted their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $285.78.

F5 Stock Performance

FFIV stock opened at $261.68 on Friday. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The firm has a market cap of $15.09 billion, a PE ratio of 26.01, a P/E/G ratio of 3.85 and a beta of 1.14. The firm’s fifty day moving average is $278.77 and its 200 day moving average is $257.87.

Insider Buying and Selling

In other news, insider Lyra Amber Schramm sold 253 shares of the company’s stock in a transaction on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the sale, the insider now owns 200 shares of the company’s stock, valued at $59,452. This represents a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the sale, the chief executive officer now owns 148,647 shares of the company’s stock, valued at approximately $39,446,454.39. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,232 shares of company stock valued at $5,310,131. 0.52% of the stock is owned by company 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.