Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of F5, Inc. (NASDAQ:FFIV – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,287 shares of the network technology company’s stock, valued at approximately $15,926,000.
Several other large investors also recently modified their holdings of FFIV. BlackRock Inc. bought a new stake in shares of F5 in the 2nd quarter worth approximately $2,611,637,000. Jericho Capital Asset Management L.P. bought a new position in F5 during the fourth quarter valued at $579,699,000. Northwestern Mutual Wealth Management Co. increased its position in F5 by 15,103.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,216 shares of the network technology company’s stock worth $298,709,000 after buying an additional 1,162,519 shares during the last quarter. First Trust Advisors LP increased its position 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 buying an additional 1,119,291 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of F5 in the fourth quarter valued at $205,706,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.
F5 Price Performance
F5 stock opened at $394.24 on Friday. F5, Inc. has a one year low of $223.76 and a one year high of $435.00. The business has a fifty day moving average price of $404.32 and a 200-day moving average price of $351.96. The firm has a market capitalization of $22.33 billion, a P/E ratio of 31.39, a PEG ratio of 4.01 and a beta of 1.03.
Insider Buying and Selling at F5
In other news, insider John Anthony Maddison sold 1,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $405.85, for a total transaction of $405,850.00. Following the sale, the insider directly owned 1,353 shares in the company, valued at $549,115.05. This represents a 42.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Francois Locoh-Donou sold 3,782 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $412.44, for a total transaction of $1,559,848.08. Following the completion of the sale, the chief executive officer directly owned 146,989 shares in the company, valued at approximately $60,624,143.16. The trade was a 2.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 15,699 shares of company stock worth $6,316,411. 0.48% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Evercore raised F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price target on the stock in a research report on Monday, May 18th. Needham & Company LLC restated a “hold” rating on shares of F5 in a research note on Tuesday, July 28th. JPMorgan Chase & Co. upped their price objective on shares of F5 from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Barclays increased their target price on shares of F5 from $386.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen upgraded shares of F5 from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $416.62.
Check Out Our Latest Analysis on FFIV
About F5
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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