Natixis Advisors LLC Buys 569 Shares of F5, Inc. (NASDAQ:FFIV)

Natixis Advisors LLC lifted its stake in shares of F5, Inc. (NASDAQ:FFIV) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 29,315 shares of the network technology company’s stock after acquiring an additional 569 shares during the period. Natixis Advisors LLC’s holdings in F5 were worth $7,372,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FFIV. Friedenthal Financial bought a new stake in shares of F5 during the 4th quarter worth about $50,000. EverSource Wealth Advisors LLC boosted its stake in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after acquiring an additional 49 shares in the last quarter. Smithfield Trust Co bought a new stake in shares of F5 during the 4th quarter worth about $57,000. Global Retirement Partners LLC boosted its stake in shares of F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after acquiring an additional 282 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of F5 during the 3rd quarter worth about $84,000. Institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling at F5

In other news, Director Marianne Budnik sold 1,872 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the transaction, the director now directly owns 1,207 shares of the company’s stock, valued at approximately $314,689.04. This represents a 60.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the transaction, the executive vice president now directly owns 27,264 shares of the company’s stock, valued at approximately $7,915,557.12. The trade was a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,932 shares of company stock valued at $4,965,150 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

F5 Stock Down 0.6 %

F5 stock opened at $268.48 on Friday. The business has a 50 day moving average price of $283.58 and a two-hundred day moving average price of $251.41. The stock has a market cap of $15.48 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FFIV. Evercore ISI upped their price target on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. The Goldman Sachs Group increased their target price on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Piper Sandler increased their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Needham & Company LLC increased their target price on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Bank of America increased their target price on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. One research 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. Based on data from MarketBeat.com, the company currently has an average 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.