Generali Asset Management SPA SGR Makes New $3.34 Million Investment in F5, Inc. (NASDAQ:FFIV)

Generali Asset Management SPA SGR bought a new stake in shares of F5, Inc. (NASDAQ:FFIV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,292 shares of the network technology company’s stock, valued at approximately $3,343,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FFIV. Tocqueville Asset Management L.P. increased its stake in shares of F5 by 2.9% in the fourth quarter. Tocqueville Asset Management L.P. now owns 11,686 shares of the network technology company’s stock valued at $2,939,000 after purchasing an additional 325 shares during the period. Cibc World Markets Corp increased its position in F5 by 16.0% in the 4th quarter. Cibc World Markets Corp now owns 9,165 shares of the network technology company’s stock valued at $2,305,000 after acquiring an additional 1,267 shares during the period. Twin Tree Management LP raised its stake in F5 by 166.1% during the 4th quarter. Twin Tree Management LP now owns 42,310 shares of the network technology company’s stock valued at $10,640,000 after acquiring an additional 26,408 shares in the last quarter. Corient Private Wealth LLC boosted its position in F5 by 30.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,114 shares of the network technology company’s stock worth $783,000 after acquiring an additional 724 shares during the period. Finally, Natixis Advisors LLC grew its stake in shares of F5 by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 29,315 shares of the network technology company’s stock worth $7,372,000 after purchasing an additional 569 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FFIV shares. Bank of America lifted their price objective on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their price target on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays raised their price objective on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada upped their target price on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Finally, Needham & Company LLC lifted their price target on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $295.00.

F5 Stock Up 2.0 %

Shares of NASDAQ FFIV opened at $270.21 on Thursday. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The stock has a market capitalization of $15.58 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 3.85 and a beta of 1.10. The stock’s fifty day simple moving average is $283.39 and its 200 day simple moving average is $251.29.

Insider Buying and Selling

In related news, insider Lyra Amber Schramm sold 253 shares of the company’s stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the sale, the insider now owns 200 shares in the company, valued at approximately $59,452. This represents a 55.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marianne Budnik sold 728 shares of F5 stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,932 shares of company stock valued at $4,965,150. 0.52% of the stock is owned by corporate insiders.

F5 Company Profile

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.