Rodgers Brothers Inc. Sells 650 Shares of F5, Inc. (NASDAQ:FFIV)

Rodgers Brothers Inc. lowered its stake in shares of F5, Inc. (NASDAQ:FFIV) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,452 shares of the network technology company’s stock after selling 650 shares during the quarter. Rodgers Brothers Inc.’s holdings in F5 were worth $5,143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of F5 by 4.3% in the fourth quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock valued at $214,000 after purchasing an additional 35 shares in the last quarter. AMG National Trust Bank boosted its position in F5 by 0.5% in the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock valued at $1,987,000 after buying an additional 37 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of F5 by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock valued at $404,000 after buying an additional 44 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of F5 by 31.8% during the fourth 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 during the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of F5 by 5.3% during the fourth quarter. HighTower Advisors LLC now owns 966 shares of the network technology company’s stock valued at $243,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Trading Down 2.3 %

NASDAQ:FFIV opened at $263.88 on Monday. The stock has a market capitalization of $15.21 billion, a PE ratio of 26.23, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The firm has a fifty day simple moving average of $284.92 and a 200 day simple moving average of $255.09.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FFIV shares. 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 price objective 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. Needham & Company LLC upped their target price on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Royal Bank of Canada raised 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. Finally, Piper Sandler lifted their price objective on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $295.00.

Insider Transactions at F5

In other news, Director Marianne Budnik sold 728 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value 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. This represents a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lyra Amber Schramm sold 253 shares of F5 stock in a transaction dated Saturday, February 1st. The stock was sold at an average price of $297.26, for a total transaction of $75,206.78. Following the sale, the insider now directly owns 200 shares of the company’s stock, valued at $59,452. The trade was a 55.85 % decrease in their position. 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 ninety days. Insiders own 0.52% of the company’s stock.

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.