F5, Inc. (NASDAQ:FFIV) Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG cut its stake in F5, Inc. (NASDAQ:FFIV) by 25.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,677 shares of the network technology company’s stock after selling 2,281 shares during the period. J. Safra Sarasin Holding AG’s holdings in F5 were worth $1,679,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FFIV. Crowley Wealth Management Inc. bought a new position in F5 during the fourth quarter worth $35,000. Hurley Capital LLC acquired a new stake in shares of F5 during the fourth quarter worth $43,000. Friedenthal Financial acquired a new position in shares of F5 in the 4th quarter valued at about $50,000. EverSource Wealth Advisors LLC grew its position in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after buying an additional 49 shares during the last quarter. Finally, Smithfield Trust Co bought a new stake in shares of F5 during the 4th quarter valued at about $57,000. 90.66% of the stock is currently owned by institutional investors.

Insider Activity at F5

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the sale, the insider now directly owns 200 shares in the company, valued at approximately $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the sale, the chief executive officer now directly owns 148,647 shares of the company’s stock, valued at $39,446,454.39. The trade was a 0.87 % decrease in their ownership of the stock. 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 company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FFIV shares. Royal Bank of Canada lifted their target price on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Evercore ISI upped their price objective on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. Bank of America raised their target price on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. Needham & Company LLC upped their price target on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley cut 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 report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, F5 has an average rating of “Hold” and an average price target of $289.67.

F5 Trading Up 1.6 %

FFIV stock opened at $254.77 on Wednesday. The firm’s 50-day moving average is $271.83 and its two-hundred day moving average is $259.75. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00.

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.