Caitlin John LLC Has $33,000 Stake in F5, Inc. (NASDAQ:FFIV)

Caitlin John LLC trimmed its position in shares of F5, Inc. (NASDAQ:FFIV) by 26.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 130 shares of the network technology company’s stock after selling 46 shares during the period. Caitlin John LLC’s holdings in F5 were worth $33,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in F5 during the third quarter worth $28,000. Kathleen S. Wright Associates Inc. bought a new stake in F5 during the third quarter worth $32,000. Friedenthal Financial bought a new stake in F5 during the fourth quarter worth $50,000. Venturi Wealth Management LLC grew its holdings in F5 by 79.8% during the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock worth $70,000 after buying an additional 142 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in F5 during the third quarter worth $84,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on FFIV. The Goldman Sachs Group upped their price target on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on F5 from $225.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Needham & Company LLC upped their price target on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Morgan Stanley upped their price objective on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada upped their price objective on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $295.00.

F5 Stock Performance

FFIV stock opened at $307.44 on Friday. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 3.97 and a beta of 1.06. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $308.32. The stock has a fifty day moving average of $264.35 and a 200-day moving average of $231.30.

F5 announced that its Board of Directors has initiated a share repurchase program on Monday, October 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the network technology company to buy up to 7.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Transactions at F5

In other news, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the completion of the transaction, the executive vice president now owns 27,264 shares in the company, valued at approximately $7,915,557.12. This represents a 13.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction dated Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the sale, the insider now directly owns 200 shares in the company, valued at $59,452. This trade represents a 55.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,899 shares of company stock worth $1,682,977. 0.52% of the stock is owned by company insiders.

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.