F5, Inc. (NASDAQ:FFIV) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt cut its holdings in F5, Inc. (NASDAQ:FFIV) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,487 shares of the network technology company’s stock after selling 4,300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in F5 were worth $5,150,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. raised its stake in F5 by 2.8% during the 4th 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 during the last quarter. Empirical Finance LLC lifted its holdings in shares of F5 by 2.3% during the third quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company’s stock worth $451,000 after purchasing an additional 46 shares during the period. Captrust Financial Advisors grew its position in F5 by 2.0% in the 3rd quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company’s stock valued at $572,000 after buying an additional 50 shares during the last quarter. First Trust Direct Indexing L.P. raised its position in F5 by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company’s stock worth $447,000 after buying an additional 58 shares during the last quarter. Finally, Greenleaf Trust lifted its stake in shares of F5 by 5.7% in the 4th quarter. Greenleaf Trust now owns 1,091 shares of the network technology company’s stock worth $274,000 after acquiring an additional 59 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group upped 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. Royal Bank of Canada boosted their target price on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Finally, Bank of America lifted their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. 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 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 a consensus price target of $295.00.

Insider Buying and Selling at F5

In other news, Director Alan Higginson sold 825 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $239.77, for a total value of $197,810.25. Following the sale, the director now owns 9,882 shares in the company, valued at approximately $2,369,407.14. This represents a 7.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the company’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 value of $221,639.60. Following the sale, the director now owns 1,770 shares in the company, valued at $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,899 shares of company stock valued at $1,682,977 in the last three months. Corporate insiders own 0.52% of the company’s stock.

F5 Price Performance

Shares of F5 stock opened at $307.44 on Friday. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $308.32. The business has a 50-day moving average of $264.35 and a 200-day moving average of $231.30. The company has a market capitalization of $17.83 billion, a PE ratio of 30.56, a P/E/G ratio of 3.97 and a beta of 1.06.

F5 announced that its Board of Directors has authorized a share repurchase program on Monday, October 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the network technology company to purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

F5 Company 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.