F5, Inc. (NASDAQ:FFIV) Stock Holdings Reduced by Berger Financial Group Inc

Berger Financial Group Inc cut its position in shares of F5, Inc. (NASDAQ:FFIV) by 0.5% in the fourth quarter, Holdings Channel reports. The firm owned 27,484 shares of the network technology company’s stock after selling 148 shares during the period. Berger Financial Group Inc’s holdings in F5 were worth $6,911,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new position in F5 during the fourth quarter worth $35,000. Hurley Capital LLC bought a new stake in shares of F5 during the 4th quarter worth about $43,000. Friedenthal Financial acquired a new position in shares of F5 during the 4th quarter valued at about $50,000. EverSource Wealth Advisors LLC raised its stake in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after acquiring an additional 49 shares in the last quarter. Finally, Smithfield Trust Co acquired a new stake in F5 in the 4th quarter worth approximately $57,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Stock Performance

Shares of FFIV opened at $270.03 on Friday. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The firm has a market capitalization of $15.57 billion, a P/E ratio of 26.84, a P/E/G ratio of 3.85 and a beta of 1.14. The company has a 50-day simple moving average of $269.28 and a 200-day simple moving average of $260.73.

Analysts Set New Price Targets

Several equities analysts have commented on FFIV shares. The Goldman Sachs Group increased their price target on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada lifted their target price on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on shares of F5 from $296.00 to $285.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Bank of America raised their price target on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. Finally, Piper Sandler dropped their price objective on F5 from $304.00 to $262.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. One equities 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $289.67.

Insiders Place Their Bets

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

F5 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.