Northwest & Ethical Investments L.P. Sells 641 Shares of F5, Inc. (NASDAQ:FFIV)

Northwest & Ethical Investments L.P. trimmed its position in F5, Inc. (NASDAQ:FFIV) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,028 shares of the network technology company’s stock after selling 641 shares during the period. Northwest & Ethical Investments L.P.’s holdings in F5 were worth $1,264,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC lifted its holdings 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 purchasing an additional 191,020 shares in the last quarter. State Street Corp lifted its holdings 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 purchasing an additional 16,663 shares in the last quarter. Geode Capital Management LLC increased its position 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 acquiring an additional 117,080 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after acquiring an additional 81,005 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in F5 by 7.7% during 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 purchasing an additional 27,124 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on FFIV. Royal Bank of Canada boosted their price target on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group raised their target price on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Barclays raised their target price on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Bank of America raised their target price on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. Finally, Evercore ISI lifted their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, F5 has an average rating of “Hold” and a consensus price target of $295.00.

Insider Activity

In other news, EVP Scot Frazier Rogers sold 3,486 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were 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 owns 20,075 shares of the company’s stock, valued at approximately $5,885,588.50. The trade was a 14.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marianne Budnik sold 728 shares of the business’s 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 sale, the director now directly owns 1,770 shares of the company’s stock, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,932 shares of company stock valued at $4,965,150. 0.52% of the stock is owned by company insiders.

F5 Stock Performance

Shares of F5 stock opened at $268.40 on Friday. The firm has a 50-day moving average of $283.86 and a 200-day moving average of $251.86. The stock has a market cap of $15.47 billion, a PE ratio of 26.68, a PEG ratio of 3.85 and a beta of 1.10. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00.

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.