Seizert Capital Partners LLC Reduces Stock Position in F5, Inc. (NASDAQ:FFIV)

Seizert Capital Partners LLC cut its holdings in F5, Inc. (NASDAQ:FFIV) by 27.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,624 shares of the network technology company’s stock after selling 25,432 shares during the period. Seizert Capital Partners LLC owned about 0.11% of F5 worth $16,502,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Private Advisor Group LLC purchased a new stake in F5 during the third quarter worth approximately $338,000. New York State Common Retirement Fund raised its stake in F5 by 14.3% during the 3rd quarter. New York State Common Retirement Fund now owns 70,536 shares of the network technology company’s stock worth $15,532,000 after acquiring an additional 8,800 shares in the last quarter. Van ECK Associates Corp lifted its position in F5 by 4.6% in the third quarter. Van ECK Associates Corp now owns 25,812 shares of the network technology company’s stock valued at $5,560,000 after acquiring an additional 1,127 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in F5 by 10.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 204,506 shares of the network technology company’s stock valued at $45,032,000 after acquiring an additional 18,739 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in F5 by 10.0% in the third quarter. QRG Capital Management Inc. now owns 4,057 shares of the network technology company’s stock valued at $893,000 after acquiring an additional 370 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at F5

In other F5 news, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the sale, the director now owns 1,770 shares of the company’s stock, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the 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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 15,060 shares of company stock worth $4,477,083 over the last 90 days. Company insiders own 0.52% of the company’s stock.

F5 Stock Performance

FFIV stock opened at $280.11 on Wednesday. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The company has a fifty day moving average of $280.43 and a 200-day moving average of $246.28. The stock has a market capitalization of $16.15 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06.

Analyst Upgrades and Downgrades

FFIV has been the subject of several research reports. Royal Bank of Canada boosted their target price on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Evercore ISI boosted their price objective on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Barclays raised their target price on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Needham & Company LLC upped their price target on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley increased their price target on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $295.00.

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.