Raiffeisen Bank International AG grew its position in F5, Inc. (NASDAQ:FFIV – Free Report) by 3,651.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,951 shares of the network technology company’s stock after acquiring an additional 1,899 shares during the quarter. Raiffeisen Bank International AG’s holdings in F5 were worth $801,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of FFIV. Persistent Asset Partners Ltd purchased a new position in shares of F5 during the second quarter valued at $36,000. Hazlett Burt & Watson Inc. purchased a new stake in F5 in the fourth quarter valued at about $26,000. Hantz Financial Services Inc. boosted its holdings in F5 by 109.8% in the fourth quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock worth $27,000 after acquiring an additional 56 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of F5 during the fourth quarter worth about $28,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of F5 by 963.6% during the first quarter. SJS Investment Consulting Inc. now owns 117 shares of the network technology company’s stock worth $34,000 after acquiring an additional 106 shares during the last quarter. 90.66% of the stock is owned by institutional investors.
F5 Stock Down 0.4%
Shares of NASDAQ FFIV opened at $390.47 on Friday. The firm has a 50-day simple moving average of $404.93 and a 200-day simple moving average of $356.13. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 3.82 and a beta of 1.03. F5, Inc. has a 52 week low of $223.76 and a 52 week high of $435.00.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on FFIV. Wall Street Zen raised F5 from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Bank of America raised their price target on shares of F5 from $250.00 to $300.00 and gave the company an “underperform” rating in a research report on Tuesday, May 26th. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research report on Tuesday, July 28th. Morgan Stanley raised their target price on F5 from $380.00 to $415.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. Finally, Piper Sandler restated an “overweight” rating and issued a $461.00 price target (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 issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $416.62.
View Our Latest Stock Analysis on FFIV
Insider Buying and Selling at F5
In related news, EVP Thomas Fountain sold 1,208 shares of F5 stock in a transaction that occurred 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 transaction, the executive vice president owned 8,060 shares in the company, valued at approximately $3,341,917.80. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Maddison sold 1,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $405.85, for a total value of $405,850.00. Following the transaction, the insider directly owned 1,353 shares in the company, valued at $549,115.05. This trade represents a 42.50% decrease in their position. 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 sold 13,199 shares of company stock worth $5,316,411. 0.48% of the stock is owned by company insiders.
About F5
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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