Chase Investment Counsel Corp Sells 472 Shares of F5, Inc. (NASDAQ:FFIV)

Chase Investment Counsel Corp lessened its stake in shares of F5, Inc. (NASDAQ:FFIV) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,991 shares of the network technology company’s stock after selling 472 shares during the period. F5 makes up about 1.7% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 22nd largest holding. Chase Investment Counsel Corp’s holdings in F5 were worth $5,278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FFIV. Creative Planning increased its position in F5 by 8.7% during the 3rd quarter. Creative Planning now owns 4,342 shares of the network technology company’s stock valued at $956,000 after buying an additional 348 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of F5 in the 3rd quarter worth $338,000. State of Alaska Department of Revenue increased its holdings in shares of F5 by 6.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,772 shares of the network technology company’s stock worth $1,491,000 after purchasing an additional 390 shares in the last quarter. abrdn plc increased its holdings in shares of F5 by 27.3% in the 3rd quarter. abrdn plc now owns 23,442 shares of the network technology company’s stock worth $5,144,000 after purchasing an additional 5,020 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of F5 by 2.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company’s stock worth $447,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Insider Activity at F5

In related news, Director Marianne Budnik sold 728 shares of F5 stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now directly owns 1,770 shares in the company, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the transaction, the chief executive officer now owns 151,247 shares in the company, valued at $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,060 shares of company stock worth $4,477,083. Corporate insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on FFIV shares. Morgan Stanley lifted their target price on F5 from $262.00 to $310.00 and gave the stock 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 stock an “in-line” rating in a report on Friday, January 17th. Barclays lifted their target price on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. The Goldman Sachs Group lifted their target price on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Piper Sandler raised their price target on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, F5 presently has an average rating of “Hold” and a consensus target price of $295.00.

F5 Stock Performance

NASDAQ FFIV opened at $292.43 on Friday. The company has a market capitalization of $16.86 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06. The business’s fifty day moving average is $279.35 and its 200 day moving average is $244.32. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00.

F5 Company 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.