Danske Bank A S acquired a new position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,162 shares of the network technology company’s stock, valued at approximately $27,937,000. Danske Bank A S owned approximately 0.12% of F5 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC boosted its position in F5 by 2.6% in 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 raised its holdings in F5 by 3.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the network technology company’s stock worth $309,000 after purchasing an additional 39 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in F5 by 4.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 968 shares of the network technology company’s stock valued at $247,000 after purchasing an additional 41 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of F5 by 4.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,047 shares of the network technology company’s stock valued at $338,000 after purchasing an additional 45 shares during the last quarter. Finally, Optas LLC grew its position in shares of F5 by 4.7% during the 1st quarter. Optas LLC now owns 1,035 shares of the network technology company’s stock worth $299,000 after buying an additional 46 shares during the period. Institutional investors own 90.66% of the company’s stock.
F5 Trading Down 2.8%
NASDAQ:FFIV opened at $382.63 on Thursday. F5, Inc. has a 1 year low of $223.76 and a 1 year high of $435.00. The stock has a market cap of $21.67 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 3.85 and a beta of 1.03. The stock has a 50-day moving average price of $404.38 and a two-hundred day moving average price of $346.88.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. Evercore raised shares of F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price objective on the stock in a research note on Monday, May 18th. Needham & Company LLC restated a “hold” rating on shares of F5 in a research report on Tuesday, July 28th. JPMorgan Chase & Co. lifted their price objective on F5 from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Bank of America increased their target price on F5 from $250.00 to $300.00 and gave the company an “underperform” rating in a research note on Tuesday, May 26th. Finally, Piper Sandler restated an “overweight” rating and set a $461.00 target price (up from $423.00) on shares of F5 in a research report on Tuesday, July 28th. 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $416.62.
Insider Transactions at F5
In related news, CEO Francois Locoh-Donou sold 3,782 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer directly owned 146,989 shares in the company, valued at approximately $60,624,143.16. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $400.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer owned 406 shares in the company, valued at $162,400. This represents a 86.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 15,699 shares of company stock valued at $6,316,411. 0.48% of the stock is owned by insiders.
F5 Company 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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