F5, Inc. (NASDAQ:FFIV) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC decreased its stake in shares of F5, Inc. (NASDAQ:FFIV) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,284 shares of the network technology company’s stock after selling 113 shares during the period. CIBC Private Wealth Group LLC’s holdings in F5 were worth $591,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FFIV. FMR LLC increased its holdings in shares of F5 by 68.0% during the 3rd quarter. FMR LLC now owns 58,236 shares of the network technology company’s stock worth $12,824,000 after buying an additional 23,563 shares during the last quarter. Public Sector Pension Investment Board increased its stake in F5 by 13.5% during the third quarter. Public Sector Pension Investment Board now owns 2,519 shares of the network technology company’s stock worth $555,000 after acquiring an additional 300 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of F5 by 2.0% in the 3rd quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company’s stock worth $572,000 after purchasing an additional 50 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of F5 in the 3rd quarter valued at about $265,000. Finally, Centiva Capital LP purchased a new stake in shares of F5 during the 3rd quarter worth about $1,086,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Activity

In other news, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the transaction, the executive vice president now 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the sale, the director now directly owns 1,770 shares of the company’s stock, valued at approximately $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,232 shares of company stock worth $5,310,131. 0.52% of the stock is currently owned by insiders.

F5 Stock Down 4.7 %

Shares of NASDAQ FFIV opened at $239.25 on Friday. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The business has a 50 day moving average price of $283.88 and a two-hundred day moving average price of $256.18. The firm has a market cap of $13.79 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FFIV shares. Royal Bank of Canada lifted their price target on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Piper Sandler lifted their target price on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays upped their price target on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Evercore ISI raised their price objective on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. Finally, Morgan Stanley upped their target price on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $295.00.

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.