Genus Capital Management Inc. lifted its position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 91.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,760 shares of the network technology company’s stock after purchasing an additional 6,590 shares during the period. Genus Capital Management Inc.’s holdings in F5 were worth $4,050,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in FFIV. Whipplewood Advisors LLC lifted its position in shares of F5 by 275.0% during the second quarter. Whipplewood Advisors LLC now owns 90 shares of the network technology company’s stock worth $26,000 after purchasing an additional 66 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of F5 by 134.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Groupe la Francaise acquired a new position in shares of F5 during the first quarter worth $34,000. Flaharty Asset Management LLC acquired a new position in shares of F5 during the first quarter worth $35,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of F5 by 288.1% during the first quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock worth $43,000 after purchasing an additional 121 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.
F5 Stock Down 3.1%
Shares of NASDAQ:FFIV opened at $241.38 on Wednesday. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 7.53 and a beta of 1.06. F5, Inc. has a 1-year low of $227.04 and a 1-year high of $346.00. The company’s fifty day moving average is $312.42 and its two-hundred day moving average is $299.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.56 and a current ratio of 1.56.
Insider Activity
In other news, EVP Thomas Dean Fountain sold 8,318 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $249.78, for a total transaction of $2,077,670.04. Following the completion of the transaction, the executive vice president owned 22,493 shares in the company, valued at approximately $5,618,301.54. This represents a 27.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lyra Amber Schramm sold 2,701 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $316.57, for a total value of $855,055.57. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,352 shares of company stock worth $7,742,128 over the last ninety days. Insiders own 0.52% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on FFIV shares. Barclays reduced their target price on shares of F5 from $321.00 to $267.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of F5 in a research report on Wednesday, October 8th. Evercore ISI reissued a “cautious” rating on shares of F5 in a research report on Tuesday, October 28th. Piper Sandler cut their price target on shares of F5 from $355.00 to $277.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of F5 from $320.00 to $295.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $295.56.
Read Our Latest Report on FFIV
About F5
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.
Recommended Stories
- Five stocks we like better than F5
- 5 Top Rated Dividend Stocks to Consider
- Affirm’s New York Life Deal: A Game-Changing Stamp of Approval
- What is a Bond Market Holiday? How to Invest and Trade
- 3 Potential Scenarios to Watch for in D-Wave’s Earnings Report
- Roth IRA Calculator: Calculate Your Potential Returns
- Eli Lilly Posts Stellar Q3: Long-Term Upside Is Well in Play
Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter.
