Wolf Hill Capital Management LP acquired a new stake in shares of F5, Inc. (NASDAQ:FFIV – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 55,000 shares of the network technology company’s stock, valued at approximately $22,877,800. F5 makes up about 0.0% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 16th largest position. Wolf Hill Capital Management LP owned approximately 0.10% of F5 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in F5 in the second quarter valued at approximately $2,611,637,000. Jericho Capital Asset Management L.P. purchased a new stake in F5 during the fourth quarter worth about $579,699,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of F5 by 15,103.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,216 shares of the network technology company’s stock worth $298,709,000 after purchasing an additional 1,162,519 shares during the period. First Trust Advisors LP raised its holdings in F5 by 68.5% during the 4th quarter. First Trust Advisors LP now owns 2,753,652 shares of the network technology company’s stock valued at $702,897,000 after buying an additional 1,119,291 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of F5 during the fourth quarter valued at approximately $205,706,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.
F5 Stock Down 3.2%
NASDAQ:FFIV traded down $13.05 during midday trading on Friday, hitting $397.17. The company had a trading volume of 153,110 shares, compared to its average volume of 746,719. The stock’s fifty day moving average price is $404.14 and its 200-day moving average price is $351.66. F5, Inc. has a 52-week low of $223.76 and a 52-week high of $435.00. The company has a market capitalization of $22.49 billion, a PE ratio of 31.62, a P/E/G ratio of 3.90 and a beta of 1.03.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on FFIV shares. Evercore raised F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price target for the company in a research note on Monday, May 18th. Wall Street Zen upgraded shares of F5 from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. boosted their price objective on F5 from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Bank of America lifted their price target on F5 from $250.00 to $300.00 and gave the company an “underperform” rating in a research report on Tuesday, May 26th. Finally, Piper Sandler restated an “overweight” rating and set a $461.00 target price (up from $423.00) on shares of F5 in a research note on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $416.62.
Get Our Latest Research Report on F5
Insider Transactions at F5
In other F5 news, Director Nikhil Ramesh Mehta sold 4,000 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $388.95, for a total value of $1,555,800.00. Following the transaction, the director owned 7,043 shares of the company’s stock, valued at approximately $2,739,374.85. This represents a 36.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Dean Fountain sold 1,208 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $414.63, for a total transaction of $500,873.04. Following the completion of the sale, the executive vice president owned 8,060 shares in the company, valued at $3,341,917.80. This 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 15,699 shares of company stock worth $6,316,411 over the last three months. 0.48% of the stock is currently owned by company insiders.
F5 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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