Frank Rimerman Advisors LLC Purchases 135 Shares of F5, Inc. (NASDAQ:FFIV)

Frank Rimerman Advisors LLC increased its position in F5, Inc. (NASDAQ:FFIV) by 11.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,351 shares of the network technology company’s stock after buying an additional 135 shares during the period. Frank Rimerman Advisors LLC’s holdings in F5 were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of F5 by 4.3% during the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock valued at $214,000 after acquiring an additional 35 shares in the last quarter. AMG National Trust Bank boosted its position in shares of F5 by 0.5% during the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock valued at $1,987,000 after acquiring an additional 37 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of 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 in the last quarter. Empirical Finance LLC boosted its position in F5 by 2.3% in the third quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company’s stock valued at $451,000 after buying an additional 46 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in F5 by 5.3% in the fourth quarter. HighTower Advisors LLC now owns 966 shares of the network technology company’s stock valued at $243,000 after buying an additional 49 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FFIV. Bank of America boosted their price target on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price target on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Evercore ISI boosted their price target on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. Morgan Stanley boosted their price target on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Barclays boosted their price target on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, F5 has a consensus rating of “Hold” and an average target price of $295.00.

F5 Trading Up 2.0 %

Shares of NASDAQ FFIV opened at $262.46 on Monday. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The company has a market cap of $15.13 billion, a PE ratio of 26.09, a P/E/G ratio of 3.85 and a beta of 1.10. The company has a 50-day moving average of $282.85 and a two-hundred day moving average of $250.26.

Insider Buying and Selling

In related news, CEO Francois Locoh-Donou sold 6,500 shares of the business’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 directly owns 151,247 shares of the company’s stock, 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 filing with the SEC, which is available at 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 transaction of $1,022,025.48. Following the sale, the executive vice president now directly owns 20,075 shares of the company’s stock, valued at approximately $5,885,588.50. This trade represents a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,932 shares of company stock valued at $4,965,150 over the last ninety 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.