F5, Inc. (NASDAQ:FFIV) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its position in shares of F5, Inc. (NASDAQ:FFIV) by 52.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,660 shares of the network technology company’s stock after selling 7,391 shares during the quarter. Guggenheim Capital LLC’s holdings in F5 were worth $1,675,000 at the end of the most recent reporting period.

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

F5 Trading Down 0.1 %

NASDAQ FFIV opened at $258.61 on Monday. The stock has a fifty day simple moving average of $274.14 and a 200-day simple moving average of $259.57. The stock has a market cap of $14.91 billion, a PE ratio of 25.71, a P/E/G ratio of 3.85 and a beta of 1.14. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00.

Insider Buying and Selling at F5

In related news, CEO Francois Locoh-Donou sold 6,500 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the transaction, the chief executive officer now owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the firm’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 transaction, the director now owns 1,770 shares of the company’s stock, valued at $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,232 shares of company stock valued at $5,310,131 over the last 90 days. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FFIV shares. Royal Bank of Canada raised their target price on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group lifted their price objective on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley dropped their target price on F5 from $310.00 to $269.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Evercore ISI lifted their price target on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Finally, Needham & Company LLC upped their price objective on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. One 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $289.67.

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.