F5, Inc. (NASDAQ:FFIV) Stock Holdings Lowered by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG cut its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 25.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,677 shares of the network technology company's stock after selling 2,281 shares during the period. J. Safra Sarasin Holding AG's holdings in F5 were worth $1,679,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Crowley Wealth Management Inc. purchased a new position in shares of F5 in the 4th quarter worth $35,000. Hurley Capital LLC acquired a new stake in F5 during the fourth quarter worth about $43,000. Friedenthal Financial purchased a new position in shares of F5 in the 4th quarter worth about $50,000. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 49 shares in the last quarter. Finally, Smithfield Trust Co purchased a new stake in shares of F5 during the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Buying and Selling

In other news, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction dated Monday, February 3rd. The shares were 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 owns 27,264 shares of the company's stock, valued at approximately $7,915,557.12. This trade represents a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scot Frazier Rogers sold 3,486 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the sale, the executive vice president now owns 20,075 shares of the company's stock, valued at $5,885,588.50. This trade represents a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,232 shares of company stock worth $5,310,131. Insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on FFIV. Morgan Stanley reduced their price target on shares of F5 from $310.00 to $269.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler reduced their target price on shares of F5 from $304.00 to $262.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Evercore ISI upped their price target 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. Royal Bank of Canada boosted their price objective on F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. Finally, Bank of America increased 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, F5 currently has an average rating of "Hold" and an average price target of $289.67.

F5 Trading Down 1.8 %

FFIV stock traded down $4.74 during midday trading on Monday, hitting $265.29. 167,058 shares of the company's stock were exchanged, compared to its average volume of 578,992. The firm has a 50 day moving average price of $269.28 and a 200-day moving average price of $261.00. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The stock has a market capitalization of $15.29 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14.

About F5

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.