Washington Trust Bank Sells 1,000 Shares of F5, Inc. (NASDAQ:FFIV)

Washington Trust Bank cut its holdings in F5, Inc. (NASDAQ:FFIV) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,000 shares of the network technology company’s stock after selling 1,000 shares during the quarter. Washington Trust Bank’s holdings in F5 were worth $3,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FFIV. Friedenthal Financial bought a new position in shares of F5 in the fourth quarter worth about $50,000. EverSource Wealth Advisors LLC increased its holdings in shares of F5 by 31.8% in the fourth 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. Smithfield Trust Co bought a new position in F5 in the 4th quarter worth approximately $57,000. Global Retirement Partners LLC lifted its holdings in F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after buying an additional 282 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of F5 in the 3rd quarter valued at $84,000. 90.66% of the stock is owned by institutional investors.

F5 Stock Down 0.0 %

NASDAQ:FFIV opened at $268.40 on Friday. 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 $15.47 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 3.85 and a beta of 1.10. The stock’s 50 day moving average price is $283.86 and its two-hundred day moving average price is $251.86.

Insider Activity at F5

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 20,075 shares in the company, valued at approximately $5,885,588.50. This represents a 14.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the firm’s 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 sale, the insider now owns 200 shares of the company’s stock, valued at $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,932 shares of company stock worth $4,965,150. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

FFIV has been the subject of a number of recent research reports. Evercore ISI boosted their price target on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. The Goldman Sachs Group boosted their price objective on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research 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 report on Wednesday, January 29th. Needham & Company LLC boosted their price objective on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Piper Sandler lifted their price target on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $295.00.

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.