Amalgamated Bank grew its holdings in shares of  F5, Inc. (NASDAQ:FFIV – Free Report) by 5.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 12,282 shares of the network technology company’s stock after buying an additional 589 shares during the period. Amalgamated Bank’s holdings in F5 were worth $3,615,000 at the end of the most recent reporting period. 
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FFIV. OneDigital Investment Advisors LLC purchased a new stake in shares of F5 in the first quarter valued at about $240,000. IFM Investors Pty Ltd grew its holdings in shares of F5 by 7.4% in the first quarter. IFM Investors Pty Ltd now owns 12,519 shares of the network technology company’s stock valued at $3,333,000 after purchasing an additional 858 shares during the period. Penserra Capital Management LLC grew its holdings in shares of F5 by 10.2% in the first quarter. Penserra Capital Management LLC now owns 281,418 shares of the network technology company’s stock valued at $74,933,000 after purchasing an additional 26,105 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of F5 by 1,398.6% in the first quarter. Crossmark Global Holdings Inc. now owns 22,943 shares of the network technology company’s stock valued at $6,109,000 after purchasing an additional 21,412 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of F5 by 3.4% in the first quarter. Linden Thomas Advisory Services LLC now owns 10,829 shares of the network technology company’s stock valued at $2,883,000 after purchasing an additional 354 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.
F5 Trading Down 1.4%
NASDAQ FFIV opened at $253.05 on Monday. The firm’s 50-day moving average is $315.24 and its two-hundred day moving average is $300.02. F5, Inc. has a 12 month low of $227.04 and a 12 month high of $346.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $14.54 billion, a P/E ratio of 21.43, a PEG ratio of 7.53 and a beta of 1.06.
Analysts Set New Price Targets
FFIV has been the subject of a number of analyst reports. Wall Street Zen lowered shares of F5 from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of F5 in a report on Wednesday, October 8th. Royal Bank Of Canada dropped their price objective on shares of F5 from $350.00 to $315.00 and set a “sector perform” rating for the company in a report on Tuesday, October 28th. Evercore ISI reissued a “cautious” rating on shares of F5 in a report on Tuesday, October 28th. Finally, Morgan Stanley dropped their price objective on shares of F5 from $352.00 to $336.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, F5 presently has an average rating of “Hold” and an average target price of $295.56.
Insiders Place Their Bets
In other F5 news, insider Lyra Amber Schramm sold 2,701 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $316.57, for a total transaction of $855,055.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Chad Michael Whalen sold 5,297 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $322.24, for a total transaction of $1,706,905.28. Following the sale, the executive vice president owned 23,591 shares in the company, valued at $7,601,963.84. This trade represents a 18.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,298 shares of company stock worth $2,978,754 over the last three months. Company insiders own 0.52% of the company’s stock.
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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