F5, Inc. (NASDAQ:FFIV) Stock Holdings Trimmed by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its position in shares of F5, Inc. (NASDAQ:FFIV) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,896 shares of the network technology company’s stock after selling 5,430 shares during the period. Pictet Asset Management Holding SA owned about 0.11% of F5 worth $16,319,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FFIV. Crowley Wealth Management Inc. acquired a new position in F5 in the fourth quarter worth $35,000. Friedenthal Financial bought a new position in shares of F5 in the 4th quarter worth about $50,000. EverSource Wealth Advisors LLC boosted its holdings in shares of F5 by 31.8% in the 4th 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 period. Smithfield Trust Co bought a new stake in shares of F5 during the 4th quarter valued at about $57,000. Finally, Global Retirement Partners LLC raised its stake in F5 by 783.3% during the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after acquiring an additional 282 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on FFIV shares. The Goldman Sachs Group upped their target price on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. 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 research report on Wednesday, January 29th. 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 report on Wednesday, January 29th. Needham & Company LLC increased their price objective on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $295.00.

Insider Activity

In other news, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total value of $1,188,320.69. Following the transaction, the executive vice president now owns 27,264 shares of the company’s stock, valued at $7,915,557.12. The trade was a 13.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Marianne Budnik sold 728 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now directly owns 1,770 shares of the company’s stock, valued at approximately $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,932 shares of company stock worth $4,965,150. 0.52% of the stock is owned by company insiders.

F5 Price Performance

NASDAQ FFIV opened at $268.58 on Wednesday. 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 $15.48 billion, a PE ratio of 26.70, a P/E/G ratio of 3.85 and a beta of 1.10. The company’s 50 day simple moving average is $284.98 and its 200 day simple moving average is $255.92.

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.