140 Shares in F5, Inc. (NASDAQ:FFIV) Bought by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. bought a new position in F5, Inc. (NASDAQ:FFIV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 140 shares of the network technology company’s stock, valued at approximately $35,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in F5 by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after acquiring an additional 81,005 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in F5 by 457.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock worth $7,899,000 after purchasing an additional 25,748 shares during the last quarter. Boston Trust Walden Corp lifted its stake in F5 by 3.9% in the fourth quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock worth $48,991,000 after purchasing an additional 7,341 shares during the last quarter. GAMMA Investing LLC lifted its stake in F5 by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock worth $539,000 after purchasing an additional 571 shares during the last quarter. Finally, Synergy Asset Management LLC lifted its stake in F5 by 100.0% in the fourth quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company’s stock worth $525,000 after purchasing an additional 1,112 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Barclays boosted their price target on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. 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. Royal Bank of Canada upped their price objective on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Bank of America upped their price objective on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group upped their price objective on shares of F5 from $257.00 to $295.00 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 given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $295.00.

F5 Price Performance

FFIV stock opened at $268.40 on Monday. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00. The company has a market cap of $15.47 billion, a P/E ratio of 26.68, a PEG ratio of 3.85 and a beta of 1.10. The firm has a 50-day moving average of $283.86 and a 200 day moving average of $252.60.

Insider Buying and Selling

In related news, Director Marianne Budnik sold 1,872 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the transaction, the director now directly owns 1,207 shares of the company’s stock, valued at $314,689.04. This represents a 60.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the transaction, the executive vice president now directly owns 20,075 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 16,932 shares of company stock valued at $4,965,150 over the last three months. Corporate insiders own 0.52% of the company’s stock.

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.