Danske Bank A S acquired a new position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,162 shares of the network technology company’s stock, valued at approximately $27,937,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of F5 in the 4th quarter valued at approximately $205,706,000. Jefferies Financial Group Inc. grew its holdings in shares of F5 by 127.0% during the 4th quarter. Jefferies Financial Group Inc. now owns 34,529 shares of the network technology company’s stock valued at $8,814,000 after purchasing an additional 19,315 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in F5 during the 1st quarter worth approximately $6,469,000. William Blair Investment Management LLC acquired a new position in F5 during the 4th quarter worth approximately $140,460,000. Finally, Tredje AP fonden lifted its stake in F5 by 98.2% in the 4th quarter. Tredje AP fonden now owns 7,683 shares of the network technology company’s stock valued at $1,961,000 after purchasing an additional 3,807 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.
F5 Stock Performance
FFIV stock opened at $382.63 on Thursday. The company has a fifty day moving average price of $404.38 and a 200-day moving average price of $346.88. The company has a market capitalization of $21.67 billion, a P/E ratio of 30.46, a PEG ratio of 3.85 and a beta of 1.03. F5, Inc. has a 52-week low of $223.76 and a 52-week high of $435.00.
Insider Activity
In other F5 news, Director Nikhil Ramesh Mehta sold 4,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $388.95, for a total value of $1,555,800.00. Following the sale, the director owned 7,043 shares in the company, valued at approximately $2,739,374.85. The trade was a 36.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Edward Cooper Werner sold 2,500 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $400.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer directly owned 406 shares of the company’s stock, valued at approximately $162,400. The trade was a 86.03% 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. In the last three months, insiders sold 15,699 shares of company stock worth $6,316,411. 0.48% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of analysts have weighed in on FFIV shares. Wall Street Zen upgraded shares of F5 from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Evercore upgraded shares of F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price target for the company in a report on Monday, May 18th. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research note on Tuesday, July 28th. Bank of America raised their price objective on F5 from $250.00 to $300.00 and gave the company an “underperform” rating in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of F5 in a research report on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $416.62.
Check Out Our Latest Analysis on FFIV
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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