Pinnacle Wealth Planning Services Inc. Sells 81 Shares of F5, Inc. (NASDAQ:FFIV)

Pinnacle Wealth Planning Services Inc. lessened its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,276 shares of the network technology company’s stock after selling 81 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in F5 were worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FFIV. Hotchkis & Wiley Capital Management LLC boosted its position in shares of F5 by 3.6% in the third 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 during the period. State Street Corp boosted its position in shares of 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 period. Geode Capital Management LLC boosted its position in shares of 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 period. JPMorgan Chase & Co. boosted its position in shares of 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 period. Finally, Retirement Systems of Alabama boosted its position in shares of 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 period. Institutional investors own 90.66% of the company’s stock.

F5 Stock Performance

FFIV stock opened at $275.63 on Friday. The company has a market capitalization of $15.89 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The company’s 50 day moving average price is $281.33 and its two-hundred day moving average price is $246.74.

Insiders Place Their Bets

In other news, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the transaction, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. This trade represents 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 this hyperlink. Also, EVP Scot Frazier Rogers sold 3,486 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction 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 $5,885,588.50. This represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,060 shares of company stock valued at $4,477,083. 0.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Piper Sandler raised 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. Needham & Company LLC raised their target price on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Barclays raised their target price on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada raised their target price on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $295.00.

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.