Farther Finance Advisors LLC Buys 586 Shares of F5, Inc. (NASDAQ:FFIV)

Farther Finance Advisors LLC grew its stake in shares of F5, Inc. (NASDAQ:FFIV) by 82.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,301 shares of the network technology company’s stock after buying an additional 586 shares during the period. Farther Finance Advisors LLC’s holdings in F5 were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Friedenthal Financial acquired a new stake in shares of F5 in the 4th quarter valued at approximately $50,000. EverSource Wealth Advisors LLC raised its holdings in F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after purchasing an additional 49 shares during the period. Smithfield Trust Co bought a new position in shares of F5 during the fourth quarter worth $57,000. Global Retirement Partners LLC grew its holdings in shares of F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after buying an additional 282 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of F5 in the 3rd quarter valued at $84,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Stock Performance

FFIV opened at $267.45 on Tuesday. The business’s 50-day simple moving average is $283.01 and its 200 day simple moving average is $250.72. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The firm has a market capitalization of $15.42 billion, a PE ratio of 26.59, a PEG ratio of 3.85 and a beta of 1.10.

Analyst Ratings Changes

Several brokerages have commented on FFIV. Piper Sandler raised their target price on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Evercore ISI raised their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Morgan Stanley upped their target price on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada lifted their price target on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Finally, Barclays upped their price objective on F5 from $246.00 to $296.00 and gave the stock 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $295.00.

Insiders Place Their Bets

In other news, insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the transaction, the insider now directly owns 200 shares in the company, valued at $59,452. The trade was a 55.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marianne Budnik sold 1,872 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the sale, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. The trade was a 60.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,932 shares of company stock valued at $4,965,150 in the last 90 days. 0.52% of the stock is currently owned by insiders.

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.