Smartleaf Asset Management LLC Sells 285 Shares of F5, Inc. (NASDAQ:FFIV)

Smartleaf Asset Management LLC reduced its holdings in F5, Inc. (NASDAQ:FFIV) by 25.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 823 shares of the network technology company’s stock after selling 285 shares during the quarter. Smartleaf Asset Management LLC’s holdings in F5 were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FFIV. Hotchkis & Wiley Capital Management LLC increased its stake 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 worth $1,208,763,000 after purchasing an additional 191,020 shares in the last quarter. State Street Corp boosted its holdings in shares of F5 by 0.5% in the third quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock valued at $701,825,000 after buying an additional 16,663 shares during the period. Geode Capital Management LLC increased its position in shares of F5 by 8.0% during the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock worth $345,560,000 after acquiring an additional 117,080 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after acquiring an additional 81,005 shares during the period. Finally, Retirement Systems of Alabama lifted its position in F5 by 7.7% in the 3rd quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company’s stock valued at $83,101,000 after acquiring an additional 27,124 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Activity

In other news, CEO Francois Locoh-Donou sold 6,500 shares of F5 stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the transaction, the chief executive officer now directly owns 151,247 shares in the company, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 value of $1,022,025.48. Following the transaction, the executive vice president now directly owns 20,075 shares in the company, valued at $5,885,588.50. The trade was a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,060 shares of company stock valued at $4,477,083 in the last quarter. Company insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FFIV shares. Royal Bank of Canada increased their target price on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Needham & Company LLC increased their price objective on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Bank of America boosted their target price on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. Barclays raised their price target 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. Finally, Evercore ISI boosted their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, F5 presently has a consensus rating of “Hold” and an average target price of $295.00.

F5 Trading Up 0.9 %

NASDAQ:FFIV opened at $282.73 on Thursday. The stock has a market capitalization of $16.30 billion, a PE ratio of 28.10, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The firm has a fifty day simple moving average of $280.43 and a 200 day simple moving average of $246.28.

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.