Northwest & Ethical Investments L.P. Has $1.26 Million Holdings in F5, Inc. (NASDAQ:FFIV)

Northwest & Ethical Investments L.P. cut its stake in F5, Inc. (NASDAQ:FFIV) by 11.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,028 shares of the network technology company’s stock after selling 641 shares during the period. Northwest & Ethical Investments L.P.’s holdings in F5 were worth $1,264,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Edge Capital Group LLC acquired a new stake in F5 during the 4th quarter valued at $59,623,000. Cookson Peirce & Co. Inc. acquired a new stake in F5 during the 4th quarter valued at $53,212,000. Hotchkis & Wiley Capital Management LLC increased its holdings in F5 by 3.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock valued at $1,208,763,000 after purchasing an additional 191,020 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in F5 during the 3rd quarter valued at $35,090,000. Finally, Jupiter Asset Management Ltd. increased its holdings in F5 by 83.1% during the 4th quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company’s stock valued at $74,562,000 after purchasing an additional 134,537 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Stock Down 0.0 %

NASDAQ:FFIV opened at $268.40 on Friday. 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 $15.47 billion, a P/E ratio of 26.68, a P/E/G ratio of 3.85 and a beta of 1.10. The stock’s fifty day simple moving average is $283.86 and its 200-day simple moving average is $251.86.

Analysts Set New Price Targets

FFIV has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price target on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Barclays raised their price target on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Evercore ISI lifted their target price on 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 target price on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Needham & Company LLC lifted their target price on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. One 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $295.00.

Insider Transactions at F5

In other F5 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 transaction, the executive vice president now directly owns 27,264 shares in the company, valued at approximately $7,915,557.12. The trade was a 13.05 % decrease in their ownership of the stock. The transaction 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 value of $488,067.84. Following the transaction, the director now owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,932 shares of company stock worth $4,965,150 in the last three months. 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.