Steward Partners Investment Advisory LLC Has $193,000 Holdings in F5, Inc. (NASDAQ:FFIV)

Steward Partners Investment Advisory LLC lifted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 144.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 766 shares of the network technology company’s stock after purchasing an additional 453 shares during the period. Steward Partners Investment Advisory LLC’s holdings in F5 were worth $193,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of FFIV. Jones Financial Companies Lllp raised its holdings in shares of F5 by 4.3% during 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 during the period. Metis Global Partners LLC raised its holdings in shares of F5 by 33.9% during the fourth quarter. Metis Global Partners LLC now owns 6,052 shares of the network technology company’s stock valued at $1,522,000 after purchasing an additional 1,532 shares during the period. Fisher Asset Management LLC raised its holdings in shares of F5 by 163.3% during the fourth quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company’s stock valued at $20,121,000 after purchasing an additional 49,629 shares during the period. Linscomb Wealth Inc. raised its holdings in shares of F5 by 4.6% during the fourth quarter. Linscomb Wealth Inc. now owns 9,945 shares of the network technology company’s stock valued at $2,501,000 after purchasing an additional 436 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in shares of F5 by 4.2% during the fourth quarter. QRG Capital Management Inc. now owns 4,229 shares of the network technology company’s stock valued at $1,063,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Activity at F5

In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total value of $1,188,320.69. Following the sale, the executive vice president now owns 27,264 shares of the company’s stock, valued at $7,915,557.12. This trade represents a 13.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the sale, the director now directly owns 1,770 shares of the company’s stock, valued at approximately $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,932 shares of company stock valued at $4,965,150. Insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

FFIV has been the topic of several research reports. Needham & Company LLC upped their price objective on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Bank of America boosted their target price on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. Barclays boosted their target price on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their target price 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, The Goldman Sachs Group boosted their target price on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. One 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $295.00.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $262.46 on Friday. The company’s fifty day moving average price is $282.85 and its 200-day moving average price is $249.90. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 26.09, 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.

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.