CANADA LIFE ASSURANCE Co Cuts Holdings in F5, Inc. (NASDAQ:FFIV)

CANADA LIFE ASSURANCE Co cut its holdings in F5, Inc. (NASDAQ:FFIV) by 4.1% 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 100,717 shares of the network technology company’s stock after selling 4,301 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.17% of F5 worth $25,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. HighTower Advisors LLC acquired a new position in shares of F5 during the 3rd quarter worth $201,000. Barclays PLC boosted its holdings in F5 by 1.4% during the third quarter. Barclays PLC now owns 144,572 shares of the network technology company’s stock worth $31,836,000 after buying an additional 2,008 shares in the last quarter. Virtu Financial LLC acquired a new position in F5 during the third quarter worth about $1,531,000. Sanctuary Advisors LLC purchased a new position in F5 in the third quarter valued at about $192,000. Finally, Tidal Investments LLC lifted its position in shares of F5 by 22.1% during the 3rd quarter. Tidal Investments LLC now owns 12,825 shares of the network technology company’s stock valued at $2,824,000 after acquiring an additional 2,325 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Transactions at F5

In related news, CEO Francois Locoh-Donou sold 6,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of F5 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 transaction, the executive vice president now owns 27,264 shares in the company, valued at approximately $7,915,557.12. This trade represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,232 shares of company stock worth $5,310,131 over the last quarter. 0.52% of the stock is currently owned by insiders.

F5 Stock Performance

Shares of NASDAQ FFIV opened at $258.61 on Friday. The firm’s 50 day moving average price is $274.14 and its 200 day moving average price is $259.28. The firm has a market cap of $14.91 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Evercore ISI lifted their price target on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. Morgan Stanley lowered their price objective on shares of F5 from $310.00 to $269.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Bank of America lifted their target price on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. Finally, Barclays increased their price target 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $289.67.

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.