Crestwood Advisors Group LLC Buys New Holdings in F5, Inc. (NASDAQ:FFIV)

Crestwood Advisors Group LLC bought a new stake in F5, Inc. (NASDAQ:FFIV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 819 shares of the network technology company’s stock, valued at approximately $206,000.

Several other hedge funds have also bought and sold shares of FFIV. Hotchkis & Wiley Capital Management LLC lifted its position in F5 by 3.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock worth $1,208,763,000 after acquiring an additional 191,020 shares during the last quarter. State Street Corp increased its stake in F5 by 0.5% in the third 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 during the last quarter. Geode Capital Management LLC increased its stake in F5 by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock valued at $345,560,000 after acquiring an additional 117,080 shares during the last quarter. JPMorgan Chase & Co. increased its stake in F5 by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after acquiring an additional 81,005 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in F5 by 7.7% in the third quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company’s stock valued at $83,101,000 after acquiring an additional 27,124 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Piper Sandler boosted their target price on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays boosted their target price on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Bank of America boosted their target price on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC boosted their target price on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” 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 issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $295.00.

F5 Stock Performance

Shares of NASDAQ:FFIV opened at $294.82 on Thursday. The firm has a market cap of $17.00 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06. The firm’s fifty day moving average is $277.74 and its 200-day moving average is $243.27. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00.

Insider Transactions at F5

In other news, Director Marianne Budnik sold 728 shares of F5 stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of F5 stock in a transaction on 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 transaction, the chief executive officer now owns 151,247 shares in the company, valued at approximately $45,836,915.82. This trade represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,574 shares of company stock worth $3,455,057. Company 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.