Vontobel Holding Ltd. lowered its position in F5, Inc. (NASDAQ:FFIV – Free Report) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,646 shares of the network technology company’s stock after selling 360 shares during the quarter. Vontobel Holding Ltd.’s holdings in F5 were worth $4,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new position in shares of F5 in the second quarter valued at approximately $278,000. Shell Asset Management Co. increased its position in F5 by 21.9% during the 2nd quarter. Shell Asset Management Co. now owns 20,322 shares of the network technology company’s stock valued at $5,981,000 after purchasing an additional 3,655 shares during the period. KLP Kapitalforvaltning AS increased its position in F5 by 6.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 120,334 shares of the network technology company’s stock valued at $35,417,000 after purchasing an additional 7,800 shares during the period. OLD National Bancorp IN acquired a new stake in F5 during the 2nd quarter valued at approximately $405,000. Finally, Berger Financial Group Inc increased its position in F5 by 0.6% during the 2nd quarter. Berger Financial Group Inc now owns 21,809 shares of the network technology company’s stock valued at $6,419,000 after purchasing an additional 134 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.
F5 Trading Down 3.1%
FFIV opened at $331.75 on Friday. The company’s fifty day moving average price is $322.28 and its two-hundred day moving average price is $295.40. F5, Inc. has a 1-year low of $213.24 and a 1-year high of $346.00. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.76 and a beta of 1.06.
Insider Buying and Selling at F5
In other F5 news, insider Lyra Amber Schramm sold 2,701 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $316.57, for a total transaction of $855,055.57. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $320.61, for a total transaction of $416,793.00. Following the transaction, the chief executive officer owned 107,553 shares in the company, valued at approximately $34,482,567.33. The trade was a 1.19% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,945 shares of company stock worth $3,796,542. Corporate insiders own 0.52% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on FFIV shares. Royal Bank Of Canada increased their target price on shares of F5 from $314.00 to $326.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Piper Sandler increased their target price on shares of F5 from $304.00 to $355.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Needham & Company LLC increased their target price on shares of F5 from $320.00 to $345.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Morgan Stanley increased their target price on shares of F5 from $312.00 to $352.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of F5 from $285.00 to $305.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, F5 currently has a consensus rating of “Hold” and an average target price of $314.33.
Get Our Latest Stock Report on F5
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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