860 Shares in F5, Inc. (NASDAQ:FFIV) Purchased by Certuity LLC

Certuity LLC acquired a new stake in shares of F5, Inc. (NASDAQ:FFIV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 860 shares of the network technology company’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently bought and sold shares of FFIV. CWM LLC boosted its stake in shares of F5 by 24.6% during the 3rd quarter. CWM LLC now owns 1,730 shares of the network technology company’s stock valued at $381,000 after buying an additional 342 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in F5 by 2,788.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,213 shares of the network technology company’s stock valued at $267,000 after acquiring an additional 1,171 shares in the last quarter. Creative Planning boosted its stake in F5 by 8.7% during the 3rd quarter. Creative Planning now owns 4,342 shares of the network technology company’s stock valued at $956,000 after acquiring an additional 348 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in F5 during the 3rd quarter worth $211,000. Finally, Cardinal Capital Management grew its holdings in F5 by 1.6% during the 3rd quarter. Cardinal Capital Management now owns 18,263 shares of the network technology company’s stock worth $4,022,000 after acquiring an additional 294 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Buying and Selling at F5

In related news, CEO Francois Locoh-Donou sold 6,500 shares of F5 stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the sale, the chief executive officer now directly owns 151,247 shares in the company, valued at $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marianne Budnik sold 728 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the transaction, the director now owns 1,770 shares of the company’s stock, valued at $538,876.50. This represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,399 shares of company stock valued at $3,652,867 in the last ninety days. Company insiders own 0.52% of the company’s stock.

F5 Stock Performance

Shares of FFIV opened at $310.45 on Friday. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $312.76. The firm has a fifty day moving average of $269.94 and a 200-day moving average of $235.98. The company has a market cap of $18.01 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 3.90 and a beta of 1.06.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FFIV shares. Morgan Stanley increased their price target on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Evercore ISI increased their target price on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Royal Bank of Canada boosted their price target on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Bank of America raised their price objective on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Finally, StockNews.com raised shares of F5 from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $295.00.

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.