F5, Inc. (NASDAQ:FFIV) Shares Sold by Cypress Capital Group

Cypress Capital Group decreased its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 23.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,143 shares of the network technology company’s stock after selling 955 shares during the period. Cypress Capital Group’s holdings in F5 were worth $790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of F5 by 3.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock valued at $1,208,763,000 after acquiring an additional 191,020 shares in the last quarter. State Street Corp lifted its holdings in shares of F5 by 0.5% during the 3rd quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock valued at $701,825,000 after acquiring an additional 16,663 shares in the last quarter. Geode Capital Management LLC lifted its holdings in F5 by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock worth $345,560,000 after buying an additional 117,080 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in F5 by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after buying an additional 81,005 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in F5 by 7.7% in the 3rd quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company’s stock worth $83,101,000 after buying an additional 27,124 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analysts Set New Price Targets

FFIV has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada boosted their price objective 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. Evercore ISI upped their target price on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Morgan Stanley upped their target price on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler upped their target price on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $295.00.

F5 Stock Up 0.9 %

Shares of NASDAQ:FFIV opened at $282.73 on Thursday. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The firm has a 50-day simple moving average of $280.43 and a 200 day simple moving average of $246.28. The company has a market cap of $16.30 billion, a PE ratio of 28.10, a P/E/G ratio of 3.85 and a beta of 1.10.

Insider Activity at F5

In related news, insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the sale, the insider now owns 200 shares of the company’s stock, valued at $59,452. This represents a 55.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the sale, the chief executive officer now directly owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,060 shares of company stock valued at $4,477,083 in the last quarter. Insiders own 0.52% of the company’s stock.

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.