Vestcor Inc Cuts Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Vestcor Inc trimmed its position in shares of F5, Inc. (NASDAQ:FFIV) by 32.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 933 shares of the network technology company’s stock after selling 443 shares during the quarter. Vestcor Inc’s holdings in F5 were worth $235,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of F5 by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after purchasing an additional 81,005 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of F5 by 457.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock valued at $7,899,000 after purchasing an additional 25,748 shares in the last quarter. Boston Trust Walden Corp increased its holdings in shares of F5 by 3.9% during the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock valued at $48,991,000 after purchasing an additional 7,341 shares in the last quarter. GAMMA Investing LLC grew its stake in F5 by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock valued at $539,000 after acquiring an additional 571 shares during the period. Finally, Synergy Asset Management LLC grew its stake in F5 by 100.0% in the 4th quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company’s stock valued at $525,000 after acquiring an additional 1,112 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

F5 Stock Down 1.0 %

Shares of FFIV opened at $264.83 on Wednesday. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The firm’s fifty day moving average is $283.16 and its two-hundred day moving average is $251.16. The stock has a market cap of $15.27 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. The Goldman Sachs Group lifted their price target 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 lifted their price target 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. Barclays lifted their price target 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, Morgan Stanley lifted their target price 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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, F5 has a consensus rating of “Hold” and an average price target of $295.00.

Insider Activity

In other news, Director Marianne Budnik sold 728 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lyra Amber Schramm sold 253 shares of the business’s 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 transaction, the insider now directly owns 200 shares in the company, valued at approximately $59,452. The trade was a 55.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,932 shares of company stock valued at $4,965,150. 0.52% of the stock is currently owned by insiders.

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.