Deutsche Bank AG bought a new stake in shares of F5, Inc. (NASDAQ:FFIV – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 414,216 shares of the network technology company’s stock, valued at approximately $172,297,000. Deutsche Bank AG owned about 0.73% of F5 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of FFIV. Norges Bank purchased a new position in F5 in the fourth quarter worth about $205,706,000. Jefferies Financial Group Inc. increased its position 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. purchased a new stake in shares of F5 during the 1st quarter valued at about $6,469,000. William Blair Investment Management LLC bought a new position in shares of F5 in the 4th quarter worth approximately $140,460,000. Finally, Tredje AP fonden lifted its stake in shares of F5 by 98.2% in the 4th quarter. Tredje AP fonden now owns 7,683 shares of the network technology company’s stock worth $1,961,000 after purchasing an additional 3,807 shares during the period. Institutional investors own 90.66% of the company’s stock.
F5 Stock Down 0.5%
Shares of FFIV opened at $393.62 on Wednesday. The business has a fifty day moving average of $404.55 and a 200 day moving average of $346.18. The company has a market cap of $22.29 billion, a PE ratio of 31.34, a P/E/G ratio of 3.94 and a beta of 1.03. F5, Inc. has a 52-week low of $223.76 and a 52-week high of $435.00.
Analyst Ratings Changes
A number of analysts have commented on the company. Barclays upped their price target on F5 from $386.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of F5 in a research report on Thursday, July 16th. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research report on Tuesday, July 28th. Weiss Ratings upgraded shares of F5 from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research cut shares of F5 from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $416.62.
Read Our Latest Stock Report on F5
Insider Activity
In related news, CEO Francois Locoh-Donou sold 3,782 shares of F5 stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $412.44, for a total transaction of $1,559,848.08. Following the completion of the sale, the chief executive officer owned 146,989 shares in the company, valued at $60,624,143.16. This trade represents a 2.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Anthony Maddison sold 1,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $405.85, for a total transaction of $405,850.00. Following the completion of the sale, the insider directly owned 1,353 shares of the company’s stock, valued at approximately $549,115.05. This trade represents a 42.50% 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. In the last three months, insiders sold 15,699 shares of company stock valued at $6,316,411. Insiders own 0.48% of the company’s stock.
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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