Atria Investments Inc Trims Stock Position in F5, Inc. (NASDAQ:FFIV)

Atria Investments Inc trimmed its stake in F5, Inc. (NASDAQ:FFIV) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,408 shares of the network technology company’s stock after selling 58 shares during the period. Atria Investments Inc’s holdings in F5 were worth $354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in F5 by 9,740.0% in the fourth quarter. Assetmark Inc. now owns 984 shares of the network technology company’s stock valued at $247,000 after acquiring an additional 974 shares in the last quarter. Smithfield Trust Co acquired a new stake in shares of F5 during the fourth quarter worth about $57,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of F5 during the fourth quarter worth about $53,212,000. Victory Capital Management Inc. grew its holdings in shares of F5 by 10.8% during the fourth quarter. Victory Capital Management Inc. now owns 157,466 shares of the network technology company’s stock worth $39,598,000 after buying an additional 15,400 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in F5 in the 4th quarter valued at about $263,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FFIV shares. Needham & Company LLC increased their price target on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. The Goldman Sachs Group increased their target price on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays lifted their price target on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada increased their price objective 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 boosted their target price 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 equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, F5 presently has an average rating of “Hold” and an average price target of $295.00.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was 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 directly owns 151,247 shares in the company, valued at $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Marianne Budnik sold 728 shares of F5 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 owns 1,770 shares in the company, valued at $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,932 shares of company stock worth $4,965,150. 0.52% of the stock is owned by company insiders.

F5 Stock Up 2.0 %

Shares of F5 stock opened at $262.46 on Monday. The firm has a market cap of $15.13 billion, a PE ratio of 26.09, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The business’s fifty day moving average is $282.85 and its two-hundred day moving average is $250.26.

About F5

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.