F5, Inc. (NASDAQ:FFIV) Shares Sold by Cypress Capital Group

Cypress Capital Group reduced its stake in F5, Inc. (NASDAQ:FFIV) by 23.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,143 shares of the network technology company’s stock after selling 955 shares during the period. Cypress Capital Group’s holdings in F5 were worth $790,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in F5 by 10.8% in the fourth quarter. Victory Capital Management Inc. now owns 157,466 shares of the network technology company’s stock valued at $39,598,000 after buying an additional 15,400 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in F5 in the fourth quarter valued at $263,000. Steward Partners Investment Advisory LLC increased its holdings in F5 by 144.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 766 shares of the network technology company’s stock valued at $193,000 after buying an additional 453 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in F5 by 4.3% in the fourth quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock valued at $214,000 after buying an additional 35 shares during the last quarter. Finally, Metis Global Partners LLC increased its holdings in F5 by 33.9% in the fourth quarter. Metis Global Partners LLC now owns 6,052 shares of the network technology company’s stock valued at $1,522,000 after buying an additional 1,532 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Transactions at F5

In other news, EVP Chad Michael Whalen sold 4,093 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the completion of the sale, the executive vice president now directly 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Francois Locoh-Donou sold 6,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the sale, the chief executive officer now directly owns 151,247 shares of the company’s stock, valued at $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,060 shares of company stock valued at $4,477,083 in the last ninety days. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Evercore ISI raised their price objective on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Royal Bank of Canada raised their price objective on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. The Goldman Sachs Group raised their price target on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Barclays raised their price objective on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Finally, 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 report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, F5 presently has an average rating of “Hold” and an average price target of $295.00.

F5 Price Performance

Shares of FFIV opened at $282.73 on Thursday. The firm has a 50 day simple moving average of $280.43 and a 200-day simple moving average of $246.28. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10.

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.