New York Life Investment Management LLC Sells 672 Shares of F5, Inc. (NASDAQ:FFIV)

New York Life Investment Management LLC lowered its stake in F5, Inc. (NASDAQ:FFIV) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,031 shares of the network technology company’s stock after selling 672 shares during the quarter. New York Life Investment Management LLC’s holdings in F5 were worth $3,528,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FFIV. Los Angeles Capital Management LLC boosted its position in shares of F5 by 1,681.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company’s stock worth $62,898,000 after purchasing an additional 269,602 shares in the last quarter. Edge Capital Group LLC acquired a new position in F5 during the 4th quarter worth approximately $59,623,000. Hotchkis & Wiley Capital Management LLC raised its stake in F5 by 3.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock worth $1,208,763,000 after buying an additional 191,020 shares during the period. Point72 Asset Management L.P. acquired a new position in F5 during the 3rd quarter worth approximately $35,090,000. Finally, Geode Capital Management LLC raised its stake in F5 by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock worth $345,560,000 after buying an additional 117,080 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Activity at F5

In related news, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the completion of the sale, the executive vice president now directly 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 legal filing with the SEC, which can be accessed through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the 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 sale, the executive vice president now directly owns 20,075 shares of the company’s stock, valued at $5,885,588.50. The trade was a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,060 shares of company stock valued at $4,477,083. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FFIV shares. Morgan Stanley upped their price target on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Bank of America upped their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their price target on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Needham & Company LLC upped their price target on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Evercore ISI increased their price objective on F5 from $240.00 to $270.00 and gave the stock 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 issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $295.00.

F5 Stock Up 0.5 %

Shares of F5 stock opened at $292.43 on Friday. The company has a market cap 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 has a 50 day moving average price of $279.35 and a 200-day moving average price of $244.69. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00.

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.