iA Global Asset Management Inc. Sells 987 Shares of F5, Inc. (NASDAQ:FFIV)

iA Global Asset Management Inc. trimmed its stake in shares of F5, Inc. (NASDAQ:FFIV) by 22.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,365 shares of the network technology company’s stock after selling 987 shares during the quarter. iA Global Asset Management Inc.’s holdings in F5 were worth $846,000 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 bought a new position in F5 during the fourth quarter worth $50,000. EverSource Wealth Advisors LLC boosted its position in F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after purchasing an additional 49 shares during the period. Smithfield Trust Co bought a new position in F5 during the fourth quarter worth $57,000. Global Retirement Partners LLC boosted its position in F5 by 783.3% during the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after purchasing an additional 282 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in F5 during the third quarter worth $84,000. 90.66% of the stock is owned by institutional investors.

F5 Stock Down 0.0 %

FFIV stock opened at $268.40 on Friday. The company has a market cap of $15.47 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. The business has a 50-day simple moving average of $283.86 and a 200 day simple moving average of $251.86. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FFIV. Needham & Company LLC lifted their price objective on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Barclays boosted their target price on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Evercore ISI boosted their target price on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. Bank of America boosted their target price on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. Finally, Morgan Stanley boosted their target price on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $295.00.

Insider Activity at F5

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the transaction, the chief executive officer now owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marianne Budnik sold 1,872 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the transaction, the director now directly owns 1,207 shares of the company’s stock, valued at approximately $314,689.04. The trade was a 60.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,932 shares of company stock valued at $4,965,150 over the last quarter. 0.52% of the stock is owned by corporate insiders.

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.