Achmea Investment Management B.V. Increases Stake in F5, Inc. (NASDAQ:FFIV)

Achmea Investment Management B.V. grew its position in shares of F5, Inc. (NASDAQ:FFIV) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 76,036 shares of the network technology company’s stock after buying an additional 552 shares during the period. Achmea Investment Management B.V.’s holdings in F5 were worth $19,121,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC raised its position in F5 by 3.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock worth $1,208,763,000 after buying an additional 191,020 shares during the last quarter. State Street Corp raised its position in F5 by 0.5% during the 3rd quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock worth $701,825,000 after buying an additional 16,663 shares during the last quarter. Geode Capital Management LLC raised its position in F5 by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock worth $345,560,000 after buying an additional 117,080 shares during the last quarter. JPMorgan Chase & Co. raised its position in F5 by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after buying an additional 81,005 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in F5 by 7.7% during the 3rd quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company’s stock worth $83,101,000 after buying an additional 27,124 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling at F5

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the sale, the chief executive officer now directly owns 151,247 shares of the company’s stock, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now directly owns 1,770 shares in the company, valued at $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,060 shares of company stock worth $4,477,083. 0.52% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FFIV has been the subject of a number of research analyst reports. Needham & Company LLC increased their price target on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Morgan Stanley increased their price target on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Royal Bank of Canada increased their price target on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Bank of America increased their price target on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group increased their price target on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, F5 has an average rating of “Hold” and a consensus target price of $295.00.

F5 Trading Up 0.3 %

NASDAQ:FFIV opened at $266.06 on Thursday. The firm has a 50-day moving average price of $282.58 and a two-hundred day moving average price of $249.06. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The company has a market capitalization of $15.34 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10.

About F5

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.