Rodgers Brothers Inc. Has $5.14 Million Stake in F5, Inc. (NASDAQ:FFIV)

Rodgers Brothers Inc. decreased its position in F5, Inc. (NASDAQ:FFIV) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,452 shares of the network technology company’s stock after selling 650 shares during the quarter. Rodgers Brothers Inc.’s holdings in F5 were worth $5,143,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in FFIV. JPMorgan Chase & Co. increased its stake in shares of F5 by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after purchasing an additional 81,005 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings 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 in the last quarter. Boston Trust Walden Corp increased its position in F5 by 3.9% during the fourth quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock worth $48,991,000 after buying an additional 7,341 shares during the last quarter. GAMMA Investing LLC raised its holdings in F5 by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock valued at $539,000 after buying an additional 571 shares in the last quarter. Finally, Synergy Asset Management LLC lifted its position in shares of 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 buying an additional 1,112 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FFIV shares. Royal Bank of Canada raised their price objective on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. 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 report on Wednesday, January 29th. Evercore ISI upped their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Morgan Stanley lifted their target price on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Finally, Barclays upped their price target on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. One 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 given a strong buy rating to the company. Based on data from MarketBeat, F5 currently has an average rating of “Hold” and a consensus price target of $295.00.

Insiders Place Their Bets

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the firm’s stock in a transaction that occurred on 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 owns 20,075 shares in the company, valued at $5,885,588.50. This trade represents a 14.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the company’s stock in a transaction on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the sale, the insider now owns 200 shares in the company, 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. Insiders have sold 16,932 shares of company stock worth $4,965,150 over the last 90 days. Corporate insiders own 0.52% of the company’s stock.

F5 Stock Down 2.3 %

F5 stock opened at $263.88 on Monday. The business has a 50 day moving average price of $284.92 and a two-hundred day moving average price of $255.09. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10.

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.