F5, Inc. (NASDAQ:FFIV) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. trimmed its holdings in F5, Inc. (NASDAQ:FFIV) by 36.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,800 shares of the network technology company’s stock after selling 1,041 shares during the period. Fox Run Management L.L.C.’s holdings in F5 were worth $453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Friedenthal Financial acquired a new stake in F5 in the fourth quarter valued at $50,000. EverSource Wealth Advisors LLC increased its position in shares of F5 by 31.8% in the 4th 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 last quarter. Smithfield Trust Co acquired a new stake in shares of F5 in the 4th quarter valued at about $57,000. Global Retirement Partners LLC lifted its position in shares of 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 last quarter. Finally, Allworth Financial LP grew its stake in F5 by 1,132.1% in the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock worth $94,000 after purchasing an additional 317 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the sale, the executive vice president now owns 27,264 shares of the company’s stock, valued at $7,915,557.12. The trade was a 13.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marianne Budnik sold 728 shares of the 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 transaction, the director now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 16,932 shares of company stock worth $4,965,150. Insiders own 0.52% of the company’s stock.

F5 Stock Up 0.3 %

FFIV stock opened at $275.05 on Wednesday. The stock has a market cap of $15.86 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. The firm’s 50-day simple moving average is $284.58 and its 200 day simple moving average is $253.66. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00.

Analyst Ratings Changes

FFIV has been the topic of several research reports. Morgan Stanley upped their price objective on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Evercore ISI upped their price target on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. The Goldman Sachs Group lifted their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Piper Sandler increased their target price on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC lifted their price target on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.