Smithfield Trust Co Acquires Shares of 227 F5, Inc. (NASDAQ:FFIV)

Smithfield Trust Co bought a new stake in F5, Inc. (NASDAQ:FFIV) in the fourth quarter, HoldingsChannel.com reports. The firm bought 227 shares of the network technology company’s stock, valued at approximately $57,000.

A number of other institutional investors also recently modified their holdings of FFIV. Private Advisor Group LLC bought a new stake in shares of F5 in the third quarter valued at about $338,000. New York State Common Retirement Fund boosted its position in shares of F5 by 14.3% in the third quarter. New York State Common Retirement Fund now owns 70,536 shares of the network technology company’s stock valued at $15,532,000 after acquiring an additional 8,800 shares during the period. Van ECK Associates Corp boosted its position in shares of F5 by 4.6% in the third quarter. Van ECK Associates Corp now owns 25,812 shares of the network technology company’s stock valued at $5,560,000 after acquiring an additional 1,127 shares during the period. QRG Capital Management Inc. boosted its position in shares of F5 by 10.0% in the third quarter. QRG Capital Management Inc. now owns 4,057 shares of the network technology company’s stock valued at $893,000 after acquiring an additional 370 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of F5 by 1.8% in the third quarter. Principal Financial Group Inc. now owns 90,002 shares of the network technology company’s stock valued at $19,818,000 after acquiring an additional 1,614 shares during the period. Institutional investors own 90.66% of the company’s stock.

Insider Transactions at F5

In other news, EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the transaction, the executive vice president now owns 20,075 shares of the company’s stock, valued at $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,060 shares of company stock valued at $4,477,083. 0.52% of the stock is currently owned by insiders.

F5 Trading Up 0.9 %

FFIV stock opened at $282.73 on Thursday. The stock has a market capitalization of $16.30 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The firm has a 50-day moving average price of $280.43 and a 200-day moving average price of $246.28.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted their target price on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley upped their price objective 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. Royal Bank of Canada upped their price objective on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Barclays upped their price objective 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. Finally, Evercore ISI upped their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $295.00.

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.