Roberts Glore & Co. Inc. IL Reduces Stock Position in F5, Inc. (NASDAQ:FFIV)

Roberts Glore & Co. Inc. IL lessened its stake in shares of F5, Inc. (NASDAQ:FFIV) by 2.9% in the fourth quarter, HoldingsChannel reports. The firm owned 2,009 shares of the network technology company’s stock after selling 60 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in F5 were worth $505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Friedenthal Financial purchased a new stake in F5 during the 4th quarter worth about $50,000. Smithfield Trust Co purchased a new stake in F5 during the 4th quarter worth about $57,000. Venturi Wealth Management LLC increased its position in F5 by 79.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock worth $70,000 after purchasing an additional 142 shares in the last quarter. Global Retirement Partners LLC boosted its stake in F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after buying an additional 282 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in F5 in the 3rd quarter worth about $84,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler raised their price target on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Needham & Company LLC raised their price target on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Morgan Stanley raised 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. The Goldman Sachs Group raised their price target on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada raised their price target on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $295.00.

F5 Price Performance

NASDAQ FFIV opened at $275.63 on Friday. The firm has a market capitalization of $15.89 billion, a P/E ratio of 27.40, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The business’s 50-day simple moving average is $281.73 and its 200-day simple moving average is $247.63.

Insider Activity

In related news, Director Marianne Budnik sold 728 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now directly owns 1,770 shares of the company’s stock, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the business’s 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 transaction, the insider now directly owns 200 shares in the company, valued at $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,060 shares of company stock valued at $4,477,083 in the last three months. Corporate insiders own 0.52% of the company’s stock.

F5 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.