Ashton Thomas Private Wealth LLC Purchases New Stake in F5, Inc. (NASDAQ:FFIV)

Ashton Thomas Private Wealth LLC purchased a new stake in F5, Inc. (NASDAQ:FFIV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,103 shares of the network technology company’s stock, valued at approximately $277,000.

Other hedge funds have also recently bought and sold shares of the company. Friedenthal Financial purchased a new stake in shares of F5 during the fourth quarter valued at approximately $50,000. Smithfield Trust Co purchased a new stake in shares of F5 during the fourth quarter valued at approximately $57,000. Global Retirement Partners LLC raised its stake in shares of F5 by 783.3% during the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after purchasing an additional 282 shares during the period. Venturi Wealth Management LLC raised its stake in shares of F5 by 79.8% during the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock valued at $70,000 after purchasing an additional 142 shares during the period. Finally, Allworth Financial LP raised its stake in shares of F5 by 1,132.1% during the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock valued at $94,000 after purchasing an additional 317 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Barclays lifted their price objective on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Piper Sandler lifted their price objective on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada raised their price target on shares of 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 upped their price target on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, F5 presently has an average rating of “Hold” and an average target price of $295.00.

F5 Price Performance

FFIV opened at $265.31 on Wednesday. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The firm’s fifty day moving average price is $282.29 and its 200 day moving average price is $248.94. The stock has a market capitalization of $15.30 billion, a PE ratio of 26.37, a P/E/G ratio of 3.85 and a beta of 1.10.

Insider Buying and Selling at F5

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the business’s stock in a transaction 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 in the company, valued at $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the sale, the executive vice president now owns 20,075 shares of the company’s stock, valued at approximately $5,885,588.50. The trade was a 14.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,060 shares of company stock worth $4,477,083 over the last 90 days. Insiders own 0.52% of the company’s stock.

F5 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.