Robeco Institutional Asset Management B.V. increased its holdings in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 6.4% during the third quarter, Holdings Channel reports. The fund owned 839,561 shares of the network technology company’s stock after purchasing an additional 50,278 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in F5 were worth $271,338,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FFIV. Norges Bank bought a new position in F5 in the 2nd quarter valued at $207,492,000. Acadian Asset Management LLC grew its holdings in shares of F5 by 24.0% during the first quarter. Acadian Asset Management LLC now owns 828,966 shares of the network technology company’s stock worth $220,693,000 after purchasing an additional 160,708 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of F5 by 503.9% in the third quarter. Assenagon Asset Management S.A. now owns 163,525 shares of the network technology company’s stock valued at $52,850,000 after buying an additional 136,445 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of F5 by 61.8% in the first quarter. Voya Investment Management LLC now owns 356,362 shares of the network technology company’s stock valued at $94,889,000 after buying an additional 136,071 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in F5 during the 1st quarter worth about $30,074,000. 90.66% of the stock is owned by institutional investors and hedge funds.
F5 Stock Up 6.0%
FFIV stock opened at $272.06 on Tuesday. F5, Inc. has a twelve month low of $223.76 and a twelve month high of $346.00. The company has a market cap of $15.80 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 8.18 and a beta of 0.98. The business’s fifty day moving average is $249.02 and its 200-day moving average is $290.15.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on FFIV. Zacks Research cut shares of F5 from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Bank of America lowered their price target on shares of F5 from $260.00 to $250.00 and set an “underperform” rating for the company in a report on Tuesday, October 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of F5 in a report on Tuesday, October 28th. Morgan Stanley decreased their price objective on F5 from $336.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, Barclays dropped their target price on F5 from $321.00 to $267.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, F5 currently has a consensus rating of “Hold” and a consensus price target of $294.22.
Get Our Latest Analysis on FFIV
Insider Buying and Selling
In other F5 news, insider Lyra Amber Schramm sold 1,062 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $246.97, for a total value of $262,282.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alan Higginson sold 1,309 shares of F5 stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $237.11, for a total transaction of $310,376.99. Following the transaction, the director directly owned 8,610 shares in the company, valued at approximately $2,041,517.10. This represents a 13.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 30,485 shares of company stock valued at $7,565,698. Insiders own 0.52% of the company’s stock.
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.
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