F5, Inc. (NASDAQ:FFIV) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 2.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,993 shares of the network technology company’s stock after acquiring an additional 134 shares during the period. Oppenheimer Asset Management Inc.’s holdings in F5 were worth $1,256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Tokio Marine Asset Management Co. Ltd. grew its holdings in F5 by 2.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock valued at $404,000 after purchasing an additional 44 shares during the period. Empirical Finance LLC grew its stake in F5 by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company’s stock valued at $451,000 after acquiring an additional 46 shares during the period. Captrust Financial Advisors increased its holdings in F5 by 2.0% in the 3rd quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company’s stock worth $572,000 after acquiring an additional 50 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in F5 by 2.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company’s stock worth $447,000 after acquiring an additional 58 shares in the last quarter. Finally, Greenleaf Trust raised its position in F5 by 5.7% during the fourth quarter. Greenleaf Trust now owns 1,091 shares of the network technology company’s stock worth $274,000 after acquiring an additional 59 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Activity at F5

In other news, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the sale, the executive vice president now owns 20,075 shares of the company’s stock, valued at approximately $5,885,588.50. The trade was a 14.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction that occurred on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the transaction, the insider now owns 200 shares of the company’s stock, valued at $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,060 shares of company stock valued at $4,477,083. 0.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FFIV. The Goldman Sachs Group lifted their target price 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. Piper Sandler lifted their price objective on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Barclays increased their target price on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Morgan Stanley lifted their price target on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Needham & Company LLC boosted their price target on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. One equities 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $295.00.

F5 Stock Down 2.8 %

Shares of NASDAQ:FFIV opened at $284.15 on Tuesday. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The business has a fifty day moving average of $279.95 and a two-hundred day moving average of $245.69. The stock has a market cap of $16.38 billion, a P/E ratio of 28.25, a PEG ratio of 3.85 and a beta of 1.06.

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.