Crowley Wealth Management Inc. Takes $35,000 Position in F5, Inc. (NASDAQ:FFIV)

Crowley Wealth Management Inc. purchased a new stake in shares of F5, Inc. (NASDAQ:FFIV) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 140 shares of the network technology company’s stock, valued at approximately $35,000.

Other institutional investors have also recently made changes to their positions in the company. Friedenthal Financial purchased a new stake in shares of F5 during the fourth quarter valued at approximately $50,000. EverSource Wealth Advisors LLC lifted its position in F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 49 shares during the period. Smithfield Trust Co bought a new position in F5 during the fourth quarter valued at approximately $57,000. Global Retirement Partners LLC lifted its position in F5 by 783.3% during the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after purchasing an additional 282 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in F5 during the third quarter valued at approximately $84,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays increased their price objective on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Bank of America increased their price objective on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. 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. Finally, Piper Sandler increased their price target on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $295.00.

Insider Activity

In related news, insider Lyra Amber Schramm sold 253 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 200 shares of the company’s stock, valued at approximately $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now directly owns 1,770 shares of the company’s stock, valued at $538,876.50. The trade was a 29.14 % 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 worth $4,965,150 in the last three months. Company insiders own 0.52% of the company’s stock.

F5 Price Performance

Shares of FFIV stock opened at $268.40 on Monday. The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 3.85 and a beta of 1.10. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The company’s fifty day moving average price is $283.86 and its 200-day moving average price is $252.60.

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.