Mariner LLC Sells 3,111 Shares of F5, Inc. (NASDAQ:FFIV)

Mariner LLC lowered its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,558 shares of the network technology company's stock after selling 3,111 shares during the period. Mariner LLC's holdings in F5 were worth $3,661,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Crowley Wealth Management Inc. bought a new position in F5 during the 4th quarter worth approximately $35,000. Hurley Capital LLC acquired a new stake in F5 in the fourth quarter worth $43,000. Friedenthal Financial bought a new position in shares of F5 during the fourth quarter worth $50,000. EverSource Wealth Advisors LLC grew 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. Finally, Smithfield Trust Co bought a new stake in shares of F5 in the 4th quarter valued at $57,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at F5

In related news, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction that occurred on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the transaction, the insider now directly owns 200 shares of the company's stock, valued at approximately $59,452. This represents a 55.85 % 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, CEO Francois Locoh-Donou sold 1,300 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total value of $344,981.00. Following the sale, the chief executive officer now owns 148,647 shares in the company, valued at approximately $39,446,454.39. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock worth $5,310,131 in the last three months. Insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FFIV. Piper Sandler decreased their target price on F5 from $304.00 to $262.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Evercore ISI boosted their price objective on F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Needham & Company LLC lifted their price target on shares of F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley reduced their price target on shares of F5 from $310.00 to $269.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. One 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $289.67.

F5 Stock Performance

F5 stock traded up $1.87 during mid-day trading on Friday, reaching $270.03. The company's stock had a trading volume of 607,264 shares, compared to its average volume of 579,796. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The business's 50 day simple moving average is $269.28 and its 200 day simple moving average is $260.46. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14.

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.