Plato Investment Management Ltd acquired a new position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,466 shares of the network technology company’s stock, valued at approximately $1,020,000.
A number of other hedge funds have also modified their holdings of FFIV. Bell Investment Advisors Inc acquired a new stake in F5 in the 2nd quarter valued at approximately $49,000. HBK Sorce Advisory LLC acquired a new position in F5 during the 2nd quarter worth approximately $296,000. Nippon Life Global Investors Americas Inc. bought a new position in shares of F5 during the 2nd quarter worth approximately $61,683,000. Bank of New York Mellon Corp bought a new position in shares of F5 during the 2nd quarter worth approximately $154,007,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in shares of F5 in the second quarter valued at approximately $582,000. 90.66% of the stock is currently owned by institutional investors.
F5 Trading Down 0.5%
NASDAQ FFIV opened at $393.62 on Wednesday. The company has a market cap of $22.29 billion, a PE ratio of 31.34, a PEG ratio of 3.94 and a beta of 1.03. F5, Inc. has a 12 month low of $223.76 and a 12 month high of $435.00. The stock has a 50 day moving average of $404.55 and a 200-day moving average of $346.18.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Zacks Research lowered shares of F5 from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of F5 in a research report on Thursday, July 16th. Weiss Ratings upgraded shares of F5 from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Morgan Stanley boosted their price target on shares of F5 from $380.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Finally, Piper Sandler restated an “overweight” rating and set a $461.00 price objective (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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $416.62.
View Our Latest Analysis on FFIV
Insider Transactions at F5
In other news, EVP Thomas Dean Fountain sold 1,208 shares of F5 stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $414.63, for a total value of $500,873.04. Following the completion of the transaction, the executive vice president owned 8,060 shares of the company’s stock, valued at $3,341,917.80. This trade represents a 13.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Angelique M. Okeke sold 515 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $404.49, for a total transaction of $208,312.35. Following the transaction, the executive vice president owned 2,240 shares in the company, valued at $906,057.60. This represents a 18.69% 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. Over the last quarter, insiders have sold 15,699 shares of company stock valued at $6,316,411. 0.48% of the stock is owned by company insiders.
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.
Read More
- Five stocks we like better than F5
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding FFIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F5, Inc. (NASDAQ:FFIV – Free Report).
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.
