Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 38,287 shares of the network technology company’s stock, valued at approximately $15,926,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.07% of F5 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of F5 in the 2nd quarter valued at approximately $2,611,637,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of F5 during the 4th quarter worth about $579,699,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of F5 by 15,103.5% during the 4th 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 lifted its position in F5 by 68.5% during the fourth quarter. First Trust Advisors LP now owns 2,753,652 shares of the network technology company’s stock worth $702,897,000 after buying an additional 1,119,291 shares during the period. Finally, Norges Bank purchased a new position in shares of F5 during the 4th quarter worth about $205,706,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.
F5 Trading Down 3.9%
FFIV opened at $394.24 on Friday. F5, Inc. has a 1-year low of $223.76 and a 1-year high of $435.00. The company’s fifty day moving average price is $404.32 and its two-hundred day moving average price is $351.96. The company has a market cap of $22.33 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 4.01 and a beta of 1.03.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on FFIV shares. Evercore raised F5 from an “in-line” rating to an “outperform” rating and set a $475.00 target price on the stock in a research report on Monday, May 18th. JPMorgan Chase & Co. upped their target price on shares of F5 from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Royal Bank Of Canada restated an “outperform” rating on shares of F5 in a research note 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. Finally, Needham & Company LLC restated a “hold” rating on shares of F5 in a research note on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $416.62.
Get Our Latest Stock Report on F5
Insider Transactions at F5
In other news, CTO Kunal Anand sold 392 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $404.63, for a total value of $158,614.96. Following the completion of the sale, the chief technology officer owned 12,586 shares of the company’s stock, valued at approximately $5,092,673.18. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Francois Locoh-Donou sold 3,782 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $412.44, for a total value of $1,559,848.08. Following the completion of the transaction, the chief executive officer owned 146,989 shares in the company, valued at approximately $60,624,143.16. This represents a 2.51% 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. In the last three months, insiders have sold 15,699 shares of company stock worth $6,316,411. 0.48% of the stock is currently owned by 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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