Geode Capital Management LLC Purchases 30,367 Shares of F5, Inc. (NASDAQ:FFIV)

Geode Capital Management LLC increased its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,604,362 shares of the network technology company’s stock after purchasing an additional 30,367 shares during the period. Geode Capital Management LLC owned 2.77% of F5 worth $402,536,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Crowley Wealth Management Inc. bought a new position in shares of F5 during the 4th quarter worth approximately $35,000. Friedenthal Financial acquired a new stake in F5 during the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC boosted its position in F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after purchasing an additional 49 shares during the period. Smithfield Trust Co acquired a new position in shares of F5 in the fourth quarter valued at $57,000. Finally, Global Retirement Partners LLC raised its position in shares of F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after purchasing an additional 282 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the sale, the executive vice president now directly owns 27,264 shares of the company’s stock, valued at approximately $7,915,557.12. This trade represents a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total value of $344,981.00. Following the sale, the chief executive officer now owns 148,647 shares in the company, valued at approximately $39,446,454.39. This trade represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,232 shares of company stock valued at $5,310,131. 0.52% of the stock is currently owned by insiders.

F5 Price Performance

FFIV stock opened at $239.25 on Friday. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 3.85 and a beta of 1.14. The company has a 50 day simple moving average of $283.88 and a 200 day simple moving average of $256.18. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Evercore ISI boosted their price target on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Morgan Stanley upped their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Bank of America boosted their price target on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. Finally, Piper Sandler increased their price objective on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. One 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.com, F5 presently has a consensus rating of “Hold” and an average price target of $295.00.

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.