Beacon Investment Advisors LLC Has $1.80 Million Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Beacon Investment Advisors LLC lessened its position in shares of F5, Inc. (NASDAQ:FFIV) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,143 shares of the network technology company’s stock after selling 45 shares during the period. Beacon Investment Advisors LLC’s holdings in F5 were worth $1,796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FFIV. Jones Financial Companies Lllp increased its stake in F5 by 4.3% during the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock worth $214,000 after acquiring an additional 35 shares during the period. AMG National Trust Bank grew its stake in F5 by 0.5% during the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock worth $1,987,000 after buying an additional 37 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in F5 by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock valued at $404,000 after buying an additional 44 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after acquiring an additional 49 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of F5 by 5.3% during the 4th quarter. HighTower Advisors LLC now owns 966 shares of the network technology company’s stock worth $243,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Stock Down 0.1 %

F5 stock opened at $258.61 on Monday. The firm has a 50 day moving average price of $274.14 and a 200-day moving average price of $259.57. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The company has a market capitalization of $14.91 billion, a P/E ratio of 25.71, a P/E/G ratio of 3.85 and a beta of 1.14.

Insider Activity at F5

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the firm’s stock in a transaction dated Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the transaction, the insider now owns 200 shares in the company, valued at $59,452. This trade represents a 55.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total transaction of $344,981.00. Following the sale, the chief executive officer now directly owns 148,647 shares in the company, valued at $39,446,454.39. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,232 shares of company stock worth $5,310,131. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FFIV. Piper Sandler cut their target price on F5 from $304.00 to $262.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on F5 from $296.00 to $285.00 and set a “neutral” rating on the stock in a report on Thursday. Bank of America lifted their price target on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. Barclays upped their price objective on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Needham & Company LLC boosted their target price on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, F5 has a consensus rating of “Hold” and a consensus target price of $289.67.

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.