Townsquare Capital LLC Buys 66 Shares of F5, Inc. (NASDAQ:FFIV)

Townsquare Capital LLC raised its position in shares of F5, Inc. (NASDAQ:FFIV) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,098 shares of the network technology company’s stock after acquiring an additional 66 shares during the period. Townsquare Capital LLC’s holdings in F5 were worth $528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in F5 by 4.3% in the 4th 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 in the last quarter. AMG National Trust Bank boosted its position in shares of F5 by 0.5% in the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock valued at $1,987,000 after acquiring an additional 37 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of F5 by 2.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock valued at $404,000 after acquiring an additional 44 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after acquiring an additional 49 shares during the period. Finally, HighTower Advisors LLC raised its stake in F5 by 5.3% in the 4th quarter. HighTower Advisors LLC now owns 966 shares of the network technology company’s stock worth $243,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FFIV shares. 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 research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on F5 from $296.00 to $285.00 and set a “neutral” rating for the company in a research report on Thursday. Royal Bank of Canada raised their price target on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Piper Sandler reduced their price objective on shares of F5 from $304.00 to $262.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group upped their price target on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $289.67.

Insider Activity

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the transaction, the chief executive officer now owns 148,647 shares of the company’s stock, valued at $39,446,454.39. This represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,232 shares of company stock worth $5,310,131. Insiders own 0.52% of the company’s stock.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $258.61 on Friday. The firm has a 50 day simple moving average of $274.14 and a 200 day simple moving average of $259.28. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 3.85 and a beta of 1.14. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.

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.