Creative Financial Designs Inc. ADV Sells 38 Shares of F5, Inc. (NASDAQ:FFIV)

Creative Financial Designs Inc. ADV reduced its position in F5, Inc. (NASDAQ:FFIV) by 10.6% during the fourth quarter, HoldingsChannel reports. The firm owned 319 shares of the network technology company’s stock after selling 38 shares during the period. Creative Financial Designs Inc. ADV’s holdings in F5 were worth $80,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of F5 by 4.3% in the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock valued at $214,000 after purchasing an additional 35 shares during the last quarter. AMG National Trust Bank grew its holdings in F5 by 0.5% in the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock worth $1,987,000 after purchasing an additional 37 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in F5 by 2.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock worth $404,000 after purchasing an additional 44 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after buying an additional 49 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of F5 by 5.3% during 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 during the last quarter. 90.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FFIV shares. Morgan Stanley lifted their price objective on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report 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 report on Wednesday, January 29th. Royal Bank of Canada lifted their price objective on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Evercore ISI raised 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. Finally, Needham & Company LLC raised their price target on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. One equities research 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 stock. According to data from MarketBeat.com, F5 currently has an average rating of “Hold” and a consensus price target of $295.00.

F5 Stock Performance

Shares of FFIV stock opened at $268.48 on Friday. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The firm’s 50-day simple moving average is $283.58 and its two-hundred day simple moving average is $251.41.

Insiders Place Their Bets

In other F5 news, insider Lyra Amber Schramm sold 253 shares of F5 stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the sale, the insider now owns 200 shares of the company’s stock, valued at approximately $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marianne Budnik sold 1,872 shares of F5 stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the sale, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,932 shares of company stock valued at $4,965,150. Company 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.