Orion Portfolio Solutions LLC Decreases Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Orion Portfolio Solutions LLC reduced its holdings in F5, Inc. (NASDAQ:FFIV) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,678 shares of the network technology company’s stock after selling 784 shares during the period. Orion Portfolio Solutions LLC’s holdings in F5 were worth $1,931,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Crowley Wealth Management Inc. purchased a new stake in F5 in the 4th quarter worth about $35,000. Friedenthal Financial purchased a new stake in shares of F5 in the fourth quarter worth approximately $50,000. EverSource Wealth Advisors LLC lifted 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 during the last quarter. Smithfield Trust Co purchased a new position in F5 during the 4th quarter valued at $57,000. Finally, Global Retirement Partners LLC grew its position in F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after acquiring an additional 282 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

F5 Stock Up 1.5 %

F5 stock opened at $272.73 on Thursday. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The business has a fifty day moving average of $284.99 and a two-hundred day moving average of $256.04. The firm has a market cap of $15.72 billion, a P/E ratio of 27.11, a P/E/G ratio of 3.85 and a beta of 1.10.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FFIV. Barclays boosted 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. The Goldman Sachs Group boosted 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. Needham & Company LLC raised their target price on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Royal Bank of Canada boosted their price target on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Finally, Evercore ISI raised their price objective on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $295.00.

Insider Buying and Selling

In related news, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction that occurred 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 sale, the insider now owns 200 shares of the company’s stock, valued at $59,452. This represents a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the sale, the chief executive officer now owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. This trade represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,232 shares of company stock worth $5,310,131 in the last three months. 0.52% of the stock is owned by insiders.

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.