Farther Finance Advisors LLC Has $327,000 Holdings in F5, Inc. (NASDAQ:FFIV)

Farther Finance Advisors LLC increased its position in shares of F5, Inc. (NASDAQ:FFIV) by 82.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,301 shares of the network technology company’s stock after purchasing an additional 586 shares during the period. Farther Finance Advisors LLC’s holdings in F5 were worth $327,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Friedenthal Financial bought a new stake in F5 in the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC increased its stake in F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after acquiring an additional 49 shares during the period. Smithfield Trust Co acquired a new position in F5 in the fourth quarter worth about $57,000. Global Retirement Partners LLC raised its position in 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 in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in F5 during the third quarter worth about $84,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Marianne Budnik sold 1,872 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the transaction, the director now owns 1,207 shares in the company, valued at $314,689.04. This trade represents a 60.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Chad Michael Whalen sold 4,093 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value 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 $7,915,557.12. This represents a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,932 shares of company stock valued at $4,965,150. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Needham & Company LLC increased their target price on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Royal Bank of Canada lifted their price objective on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Evercore ISI boosted 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. The Goldman Sachs Group lifted their price target on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Barclays upped their price objective on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $295.00.

F5 Price Performance

Shares of F5 stock opened at $267.45 on Tuesday. The firm has a 50 day simple moving average of $283.01 and a 200 day simple moving average of $250.72. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The firm has a market cap of $15.42 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.85 and a beta of 1.10.

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.