National Pension Service increased its stake in F5, Inc. (NASDAQ:FFIV – Free Report) by 184.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,636 shares of the network technology company’s stock after acquiring an additional 1,710 shares during the quarter. National Pension Service’s holdings in F5 were worth $673,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in shares of F5 in the 4th quarter worth $163,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its holdings in shares of F5 by 1,216.9% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 35,557 shares of the network technology company’s stock valued at $9,076,000 after buying an additional 32,857 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co purchased a new position in shares of F5 during the fourth quarter valued at $2,991,000. Allstate Corp grew its holdings in shares of F5 by 96.2% during the fourth quarter. Allstate Corp now owns 4,216 shares of the network technology company’s stock valued at $1,076,000 after buying an additional 2,067 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of F5 by 23.5% during the fourth quarter. Fisher Asset Management LLC now owns 80,007 shares of the network technology company’s stock valued at $20,423,000 after buying an additional 15,236 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.
F5 Price Performance
Shares of NASDAQ FFIV opened at $409.13 on Wednesday. The business’s 50-day moving average price is $329.29 and its two-hundred day moving average price is $287.29. F5, Inc. has a one year low of $223.76 and a one year high of $410.11. The company has a market capitalization of $23.08 billion, a P/E ratio of 33.56, a price-to-earnings-growth ratio of 9.10 and a beta of 1.04.
Insider Transactions at F5
In other F5 news, CTO Kunal Anand sold 3,123 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $322.33, for a total value of $1,006,636.59. Following the transaction, the chief technology officer owned 12,194 shares in the company, valued at $3,930,492.02. The trade was a 20.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Edward Cooper Werner sold 1,500 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $350.00, for a total value of $525,000.00. Following the completion of the transaction, the chief financial officer owned 2,906 shares in the company, valued at $1,017,100. This trade represents a 34.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 19,767 shares of company stock valued at $6,628,120. Corporate insiders own 0.48% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a report on Wednesday, April 29th. Piper Sandler lifted their price target on F5 from $356.00 to $423.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank Of Canada reiterated an “outperform” rating and set a $425.00 price target on shares of F5 in a report on Friday, May 29th. Weiss Ratings upgraded F5 from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Finally, Evercore upgraded F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price target on the stock in a report on Monday, May 18th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $379.89.
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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