F5, Inc. (NASDAQ:FFIV) Stock Position Trimmed by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lowered its position in F5, Inc. (NASDAQ:FFIV) by 17.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,487 shares of the network technology company’s stock after selling 4,300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in F5 were worth $5,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in F5 by 2.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,577 shares of the network technology company’s stock valued at $1,905,000 after buying an additional 173 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of F5 by 1.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,891 shares of the network technology company’s stock worth $37,693,000 after purchasing an additional 2,032 shares during the period. Choreo LLC grew its position in F5 by 56.7% during the fourth quarter. Choreo LLC now owns 2,163 shares of the network technology company’s stock valued at $546,000 after purchasing an additional 783 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in F5 by 71.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,505 shares of the network technology company’s stock valued at $4,185,000 after buying an additional 6,890 shares during the period. Finally, Columbus Macro LLC lifted its position in F5 by 46.4% in the 4th quarter. Columbus Macro LLC now owns 1,605 shares of the network technology company’s stock worth $404,000 after buying an additional 509 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

FFIV has been the subject of several recent research reports. Evercore ISI increased their price objective on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Needham & Company LLC raised their price target on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of F5 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 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 report on Wednesday, January 29th. Finally, Royal Bank of Canada lifted their target price on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $295.00.

F5 Stock Up 1.4 %

F5 stock opened at $307.44 on Friday. The business has a 50 day moving average price of $264.35 and a two-hundred day moving average price of $231.30. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $308.32. The stock has a market cap of $17.83 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 3.97 and a beta of 1.06.

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

Insider Buying and Selling at F5

In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 27,264 shares in the company, valued at $7,915,557.12. The trade was a 13.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lyra Amber Schramm sold 253 shares of the firm’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 transaction of $75,206.78. Following the sale, the insider now directly owns 200 shares of the company’s stock, valued at approximately $59,452. The trade was a 55.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,899 shares of company stock valued at $1,682,977. 0.52% of the stock is currently owned by corporate 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.