Saudi Central Bank raised its stake in F5, Inc. (NASDAQ:FFIV – Free Report) by 84.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,956 shares of the network technology company’s stock after buying an additional 1,812 shares during the quarter. Saudi Central Bank’s holdings in F5 were worth $1,646,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of FFIV. Persistent Asset Partners Ltd bought a new stake in F5 during the second quarter worth $36,000. Hazlett Burt & Watson Inc. bought a new position in F5 during the 4th quarter valued at $26,000. Hantz Financial Services Inc. boosted its holdings in F5 by 109.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock worth $27,000 after acquiring an additional 56 shares during the last quarter. Elyxium Wealth LLC purchased a new position in F5 during the 4th quarter worth $28,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of F5 by 963.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 117 shares of the network technology company’s stock worth $34,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.
F5 Stock Performance
FFIV opened at $389.62 on Wednesday. The firm has a market cap of $22.06 billion, a P/E ratio of 31.02, a PEG ratio of 3.82 and a beta of 1.03. The firm has a 50-day moving average of $404.00 and a 200 day moving average of $358.35. F5, Inc. has a fifty-two week low of $223.76 and a fifty-two week high of $435.00.
Analysts Set New Price Targets
FFIV has been the subject of several analyst reports. Morgan Stanley increased their target price on shares of F5 from $380.00 to $415.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. Wall Street Zen raised shares of F5 from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research note on Tuesday, July 28th. Weiss Ratings raised shares of F5 from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Finally, Piper Sandler restated an “overweight” rating and issued a $461.00 target price (up from $423.00) on shares of F5 in a research note on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $416.62.
Check Out Our Latest Stock Report on F5
Insider Buying and Selling
In related news, EVP Angelique Okeke sold 515 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $404.49, for a total value of $208,312.35. Following the transaction, the executive vice president owned 2,240 shares in the company, valued at approximately $906,057.60. This represents a 18.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thomas Fountain sold 1,208 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $414.63, for a total value of $500,873.04. Following the transaction, the executive vice president directly owned 8,060 shares of the company’s stock, valued at approximately $3,341,917.80. This trade represents a 13.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,199 shares of company stock worth $4,917,061 in the last three months. Insiders own 0.48% of the company’s stock.
F5 Company 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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