Bank of New York Mellon Corp Sells 15,268 Shares of F5, Inc. (NASDAQ:FFIV)

Bank of New York Mellon Corp decreased its position in shares of F5, Inc. (NASDAQ:FFIV) by 3.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 488,911 shares of the network technology company’s stock after selling 15,268 shares during the quarter. Bank of New York Mellon Corp’s holdings in F5 were worth $122,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Friedenthal Financial bought a new position in F5 during the 4th quarter worth $50,000. Venturi Wealth Management LLC increased its position in shares of F5 by 79.8% in the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock worth $70,000 after purchasing an additional 142 shares during the period. Global Retirement Partners LLC increased its position in shares of F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after purchasing an additional 282 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of F5 in the third quarter worth $84,000. Finally, Allworth Financial LP increased its position in shares of F5 by 1,132.1% in the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock worth $94,000 after purchasing an additional 317 shares during the period. Institutional investors own 90.66% of the company’s stock.

F5 Trading Up 0.5 %

Shares of FFIV stock opened at $292.43 on Friday. The business’s 50-day moving average price is $279.35 and its 200-day moving average price is $244.69. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The firm has a market capitalization of $16.86 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 3.85 and a beta of 1.06.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FFIV. Bank of America raised their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. Piper Sandler raised their price target on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Evercore ISI raised their price target on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. Barclays raised their price objective on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada raised their price objective on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and a consensus target price of $295.00.

Insider Activity

In other news, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the sale, the executive vice president now directly owns 27,264 shares of the company’s stock, valued at approximately $7,915,557.12. This trade represents a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the sale, 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 have sold 15,060 shares of company stock valued at $4,477,083. 0.52% of the stock is currently owned by corporate insiders.

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.