Pacer Advisors Inc. lifted its holdings in F5, Inc. (NASDAQ:FFIV – Free Report) by 285.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 249,471 shares of the network technology company’s stock after purchasing an additional 184,825 shares during the period. Pacer Advisors Inc.’s holdings in F5 were worth $72,179,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of F5 by 2.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,447 shares of the network technology company’s stock valued at $419,000 after buying an additional 36 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in F5 by 3.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the network technology company’s stock worth $309,000 after acquiring an additional 39 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in F5 by 4.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 968 shares of the network technology company’s stock worth $247,000 after acquiring an additional 41 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in F5 by 4.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,047 shares of the network technology company’s stock valued at $338,000 after acquiring an additional 45 shares during the period. Finally, Optas LLC grew its holdings in shares of F5 by 4.7% during the first quarter. Optas LLC now owns 1,035 shares of the network technology company’s stock valued at $299,000 after purchasing an additional 46 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.
F5 Stock Performance
Shares of NASDAQ:FFIV opened at $402.57 on Monday. The company has a 50 day moving average of $401.57 and a 200-day moving average of $334.36. The firm has a market cap of $22.71 billion, a P/E ratio of 32.05, a P/E/G ratio of 3.97 and a beta of 1.03. F5, Inc. has a twelve month low of $223.76 and a twelve month high of $435.00.
Insider Transactions at F5
In other F5 news, EVP Thomas Dean Fountain sold 1,328 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $330.58, for a total transaction of $439,010.24. Following the completion of the transaction, the executive vice president directly owned 8,060 shares of the company’s stock, valued at approximately $2,664,474.80. This trade represents a 14.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Edward Cooper Werner sold 2,500 shares of F5 stock in a transaction on 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 transaction, the chief financial officer owned 406 shares in the company, valued at approximately $162,400. This trade represents a 86.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,311 shares of company stock valued at $5,810,885 over the last three months. 0.48% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
FFIV has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price target on F5 from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Morgan Stanley boosted their price objective on F5 from $380.00 to $415.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. Needham & Company LLC restated a “hold” rating on shares of F5 in a research note on Tuesday, July 28th. Barclays increased their target price on F5 from $386.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of F5 in a research note on Friday, June 26th. 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $416.62.
Read Our Latest Stock Report on FFIV
F5 Profile
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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