FineMark National Bank & Trust purchased a new position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 721 shares of the network technology company’s stock, valued at approximately $212,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. IFP Advisors Inc raised its holdings in F5 by 14.2% during the 1st quarter. IFP Advisors Inc now owns 2,101 shares of the network technology company’s stock worth $560,000 after buying an additional 262 shares during the period. Allianz Asset Management GmbH increased its position in shares of F5 by 58.4% during the first quarter. Allianz Asset Management GmbH now owns 24,011 shares of the network technology company’s stock worth $6,393,000 after acquiring an additional 8,855 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of F5 by 20.5% during the first quarter. Crestwood Advisors Group LLC now owns 987 shares of the network technology company’s stock worth $263,000 after acquiring an additional 168 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of F5 during the first quarter worth $1,602,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in F5 by 3.5% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 94,417 shares of the network technology company’s stock valued at $25,140,000 after acquiring an additional 3,167 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.
F5 Trading Up 0.8%
NASDAQ FFIV opened at $225.83 on Friday. The company has a market cap of $12.97 billion, a PE ratio of 19.12, a PEG ratio of 7.53 and a beta of 1.08. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.22. F5, Inc. has a 12 month low of $223.76 and a 12 month high of $346.00. The stock has a 50 day moving average of $292.87 and a 200-day moving average of $297.09.
Insider Activity
In other news, insider Lyra Amber Schramm sold 2,701 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $316.57, for a total value of $855,055.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Chad Michael Whalen sold 9,436 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $249.77, for a total transaction of $2,356,829.72. Following the completion of the sale, the executive vice president owned 25,641 shares of the company’s stock, valued at $6,404,352.57. This trade represents a 26.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,227 shares of company stock valued at $6,549,963 over the last quarter. 0.52% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research firms have issued reports on FFIV. Zacks Research cut F5 from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a report on Tuesday, October 28th. Royal Bank Of Canada cut their target price on F5 from $350.00 to $315.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 28th. Barclays reduced their price target on F5 from $321.00 to $267.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Finally, Bank of America lowered their price objective on shares of F5 from $260.00 to $250.00 and set an “underperform” rating on the stock in a report on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $295.56.
View Our Latest Analysis on FFIV
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.
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