Ashton Thomas Private Wealth LLC Invests $277,000 in F5, Inc. (NASDAQ:FFIV)

Ashton Thomas Private Wealth LLC purchased a new position in shares of F5, Inc. (NASDAQ:FFIV) in the 4th quarter, Holdings Channel reports. The fund purchased 1,103 shares of the network technology company’s stock, valued at approximately $277,000.

Other institutional investors have also modified their holdings of the company. Chase Investment Counsel Corp bought a new position in shares of F5 during the third quarter worth about $4,726,000. JPMorgan Chase & Co. lifted its holdings in F5 by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after purchasing an additional 81,005 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in F5 by 457.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock worth $7,899,000 after purchasing an additional 25,748 shares during the period. Boston Trust Walden Corp lifted its holdings in F5 by 3.9% in the fourth quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock worth $48,991,000 after purchasing an additional 7,341 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in F5 by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock worth $539,000 after purchasing an additional 571 shares during the period. Institutional investors own 90.66% of the company’s stock.

F5 Trading Down 0.4 %

Shares of NASDAQ FFIV opened at $265.31 on Wednesday. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 3.85 and a beta of 1.10. The firm has a 50-day moving average of $282.29 and a two-hundred day moving average of $248.94.

Insider Buying and Selling at F5

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the company’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 completion of the sale, the insider now directly owns 200 shares of the company’s stock, valued at approximately $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, EVP Chad Michael Whalen sold 4,093 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the sale, the executive vice president now directly owns 27,264 shares of the company’s stock, valued at $7,915,557.12. This represents a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,060 shares of company stock valued at $4,477,083. 0.52% of the stock is owned by insiders.

Analyst Ratings Changes

FFIV has been the subject of several research analyst reports. Morgan Stanley upped their price objective on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. The Goldman Sachs Group upped their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada upped their price objective on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Barclays upped their price objective on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Finally, Bank of America upped 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 assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, F5 currently has a consensus rating of “Hold” and a consensus price target 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.