DekaBank Deutsche Girozentrale raised its holdings in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 14.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,826 shares of the network technology company’s stock after buying an additional 8,465 shares during the period. DekaBank Deutsche Girozentrale’s holdings in F5 were worth $19,457,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC boosted its position in shares of F5 by 6.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 5,387,700 shares of the network technology company’s stock worth $1,434,583,000 after purchasing an additional 312,415 shares during the period. Northern Trust Corp boosted its position in shares of F5 by 15.5% in the first quarter. Northern Trust Corp now owns 1,054,701 shares of the network technology company’s stock worth $280,835,000 after purchasing an additional 141,680 shares during the period. Acadian Asset Management LLC boosted its position in shares of F5 by 24.0% in the first quarter. Acadian Asset Management LLC now owns 828,966 shares of the network technology company’s stock worth $220,693,000 after purchasing an additional 160,708 shares during the period. AQR Capital Management LLC boosted its position in shares of F5 by 37.5% in the first quarter. AQR Capital Management LLC now owns 828,900 shares of the network technology company’s stock worth $216,757,000 after purchasing an additional 226,231 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of F5 by 40.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 789,283 shares of the network technology company’s stock worth $232,302,000 after purchasing an additional 228,790 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.
F5 Trading Down 0.5%
Shares of NASDAQ FFIV opened at $297.83 on Thursday. The stock has a market cap of $17.11 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 3.29 and a beta of 1.06. The company has a 50 day simple moving average of $320.96 and a two-hundred day simple moving average of $298.15. F5, Inc. has a 12 month low of $213.24 and a 12 month high of $346.00.
Insider Buying and Selling at F5
In other news, EVP Thomas Dean Fountain sold 1,347 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $309.73, for a total transaction of $417,206.31. Following the completion of the sale, the executive vice president owned 20,699 shares of the company’s stock, valued at $6,411,101.27. This represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $320.61, for a total transaction of $416,793.00. Following the completion of the transaction, the chief executive officer directly owned 107,553 shares in the company, valued at $34,482,567.33. The trade was a 1.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,945 shares of company stock worth $3,796,542 over the last three months. 0.52% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Zacks Research lowered shares of F5 from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. upped their target price on shares of F5 from $285.00 to $305.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of F5 in a research report on Wednesday, October 8th. Piper Sandler increased their price objective on shares of F5 from $304.00 to $355.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Finally, Morgan Stanley increased their price objective on shares of F5 from $312.00 to $352.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $314.33.
F5 Profile
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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