EverSource Wealth Advisors LLC Buys 49 Shares of F5, Inc. (NASDAQ:FFIV)

EverSource Wealth Advisors LLC lifted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 31.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203 shares of the network technology company’s stock after purchasing an additional 49 shares during the period. EverSource Wealth Advisors LLC’s holdings in F5 were worth $51,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC boosted its position 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 purchasing an additional 191,020 shares in the last quarter. State Street Corp raised its stake in F5 by 0.5% during the 3rd quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock worth $701,825,000 after buying an additional 16,663 shares during the period. Geode Capital Management LLC raised its stake in F5 by 8.0% during 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 during the period. JPMorgan Chase & Co. raised its stake in F5 by 24.7% during 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 during the period. Finally, Retirement Systems of Alabama raised its stake in F5 by 7.7% during 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 during the period. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

FFIV has been the topic of a number of research reports. Morgan Stanley upped 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. Royal Bank of Canada upped 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. Barclays upped their price target on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Evercore ISI upped their price target on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC increased their price objective on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. One research 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $295.00.

F5 Stock Up 2.0 %

NASDAQ FFIV opened at $270.21 on Thursday. The stock’s 50-day simple moving average is $283.39 and its two-hundred day simple moving average is $251.29. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The company has a market capitalization of $15.58 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 3.85 and a beta of 1.10.

Insider Buying and Selling at F5

In other news, insider Lyra Amber Schramm sold 253 shares of F5 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 transaction, the insider now owns 200 shares in the company, valued at approximately $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction dated 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 in the company, valued at approximately $5,885,588.50. This represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,932 shares of company stock worth $4,965,150 over the last 90 days. Corporate 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.