F5, Inc. (NASDAQ:FFIV) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. trimmed its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 34.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 94,740 shares of the network technology company’s stock after selling 50,600 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in F5 were worth $23,824,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FFIV. JPMorgan Chase & Co. raised its stake in F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after acquiring an additional 81,005 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of F5 by 457.6% during the 4th 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 during the period. Boston Trust Walden Corp lifted its holdings in shares of F5 by 3.9% in the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock worth $48,991,000 after purchasing an additional 7,341 shares during the last quarter. GAMMA Investing LLC boosted its position in F5 by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock valued at $539,000 after purchasing an additional 571 shares during the period. Finally, Fisher Asset Management LLC grew its stake in F5 by 163.3% during the 4th quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company’s stock worth $20,121,000 after buying an additional 49,629 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

F5 Stock Performance

FFIV opened at $270.03 on Friday. The company has a market capitalization of $15.57 billion, a PE ratio of 26.84, a P/E/G ratio of 3.85 and a beta of 1.14. The stock’s fifty day moving average is $269.28 and its 200-day moving average is $260.46. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.

Analyst Upgrades and Downgrades

FFIV has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Evercore ISI lifted their price objective on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. The Goldman Sachs Group upped their target price on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Bank of America lifted their price target on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. Finally, Barclays increased their price objective on F5 from $246.00 to $296.00 and gave the stock an “equal weight” 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, F5 currently has an average rating of “Hold” and a consensus target price of $289.67.

Insiders Place Their Bets

In related news, Director Marianne Budnik sold 1,872 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the sale, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. This trade represents a 60.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Chad Michael Whalen sold 4,093 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the transaction, the executive vice president now directly owns 27,264 shares in the company, valued at $7,915,557.12. This represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,232 shares of company stock worth $5,310,131. 0.52% of the stock is owned by corporate insiders.

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.