Hsbc Holdings PLC cut its holdings in F5, Inc. (NASDAQ:FFIV – Free Report) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 579,679 shares of the network technology company’s stock after selling 2,176 shares during the period. Hsbc Holdings PLC’s holdings in F5 were worth $167,682,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of F5 by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,357,293 shares of the network technology company’s stock valued at $1,878,023,000 after purchasing an additional 114,533 shares in the last quarter. State Street Corp increased its holdings in F5 by 1.7% in the third quarter. State Street Corp now owns 3,226,326 shares of the network technology company’s stock worth $1,042,716,000 after purchasing an additional 53,712 shares in the last quarter. First Trust Advisors LP increased its holdings in F5 by 68.5% in the fourth quarter. First Trust Advisors LP now owns 2,753,652 shares of the network technology company’s stock worth $702,897,000 after purchasing an additional 1,119,291 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in F5 in the fourth quarter valued at approximately $579,699,000. Finally, Invesco Ltd. lifted its stake in F5 by 7.5% in the fourth quarter. Invesco Ltd. now owns 1,537,680 shares of the network technology company’s stock valued at $392,508,000 after buying an additional 106,616 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.
F5 Stock Up 1.4%
NASDAQ FFIV opened at $409.10 on Friday. The company has a market cap of $23.08 billion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 4.80 and a beta of 1.03. F5, Inc. has a 52 week low of $223.76 and a 52 week high of $435.00. The business has a 50 day moving average price of $396.16 and a 200-day moving average price of $324.43.
Wall Street Analysts Forecast Growth
FFIV has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of F5 in a research report on Wednesday, April 29th. Morgan Stanley boosted their target price on shares of F5 from $340.00 to $380.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 20th. Barclays increased their target price on shares of F5 from $292.00 to $386.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of F5 from $355.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of F5 in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $382.67.
View Our Latest Research Report on FFIV
Insider Activity
In other news, CFO Edward Cooper Werner sold 2,500 shares of F5 stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $400.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer directly owned 406 shares in the company, valued at $162,400. This trade represents a 86.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Francois Locoh-Donou sold 3,783 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $337.39, for a total transaction of $1,276,346.37. Following the sale, the chief executive officer directly owned 146,989 shares of the company’s stock, valued at approximately $49,592,618.71. The trade was a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 22,579 shares of company stock valued at $7,836,860. 0.48% of the stock is currently owned by insiders.
F5 Profile
F5 Inc (NASDAQ:FFIV) specializes in application services and delivery networking, helping organizations ensure the availability, performance and security of their applications. The company’s core offerings include advanced load balancing, traffic management and application security solutions designed to optimize user experiences and protect against threats such as distributed denial-of-service (DDoS) attacks and web application exploits.
At the heart of F5’s product portfolio is the BIG-IP platform, which provides a suite of software modules for local and global traffic management, secure web application firewalling and DNS service delivery.
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