Linscomb Wealth Inc. Has $2.50 Million Position in F5, Inc. (NASDAQ:FFIV)

Linscomb Wealth Inc. raised its stake in shares of F5, Inc. (NASDAQ:FFIV) by 4.6% during the 4th quarter, HoldingsChannel reports. The firm owned 9,945 shares of the network technology company’s stock after purchasing an additional 436 shares during the quarter. Linscomb Wealth Inc.’s holdings in F5 were worth $2,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FFIV. Los Angeles Capital Management LLC grew its position in shares of F5 by 1,681.1% in the third quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company’s stock valued at $62,898,000 after purchasing an additional 269,602 shares during the last quarter. Edge Capital Group LLC bought a new stake in F5 during the 4th quarter valued at approximately $59,623,000. Hotchkis & Wiley Capital Management LLC increased its position in F5 by 3.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock worth $1,208,763,000 after buying an additional 191,020 shares during the period. Point72 Asset Management L.P. bought a new position in F5 in the 3rd quarter worth approximately $35,090,000. Finally, Geode Capital Management LLC lifted its holdings in shares of F5 by 8.0% during the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock worth $345,560,000 after buying an additional 117,080 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

F5 Price Performance

F5 stock opened at $292.43 on Friday. The business has a 50 day simple moving average of $279.35 and a 200 day simple moving average of $244.32. The company has a market capitalization of $16.86 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.

Insider Buying and Selling at F5

In other news, CEO Francois Locoh-Donou sold 6,500 shares of the firm’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 sale, the chief executive officer now owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the transaction, the executive vice president now directly owns 20,075 shares in the company, valued at $5,885,588.50. The trade was a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,060 shares of company stock valued at $4,477,083. 0.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Evercore ISI increased their target price on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Barclays boosted their price target on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada lifted 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. Finally, Needham & Company LLC boosted their price objective on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $295.00.

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.