Wealthfront Advisers LLC purchased a new position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,629 shares of the network technology company’s stock, valued at approximately $1,094,000.
A number of other hedge funds have also bought and sold shares of FFIV. Persistent Asset Partners Ltd bought a new position in F5 during the 2nd quarter worth approximately $36,000. Hazlett Burt & Watson Inc. bought a new stake in shares of F5 in the 4th quarter valued at approximately $26,000. Hantz Financial Services Inc. raised its position in shares of F5 by 109.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of F5 during the 4th quarter valued at approximately $28,000. Finally, SJS Investment Consulting Inc. raised its position in shares of F5 by 963.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 117 shares of the network technology company’s stock valued at $34,000 after acquiring an additional 106 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.
F5 Stock Performance
F5 stock opened at $384.63 on Friday. The company has a 50-day simple moving average of $403.83 and a 200-day simple moving average of $347.86. The firm has a market capitalization of $21.78 billion, a P/E ratio of 30.62, a P/E/G ratio of 3.69 and a beta of 1.03. F5, Inc. has a one year low of $223.76 and a one year high of $435.00.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Evercore raised shares of F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price objective for the company in a report on Monday, May 18th. Piper Sandler reaffirmed an “overweight” rating and set a $461.00 price objective (up from $423.00) on shares of F5 in a research report on Tuesday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating on shares of F5 in a research note on Thursday, July 16th. Barclays lifted their target price on F5 from $386.00 to $397.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. Finally, 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. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $416.62.
Check Out Our Latest Stock Report on FFIV
Insider Transactions at F5
In other news, CEO Francois Locoh-Donou sold 3,782 shares of F5 stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $412.44, for a total transaction of $1,559,848.08. Following the sale, the chief executive officer owned 146,989 shares of the company’s stock, valued at approximately $60,624,143.16. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nikhil Ramesh Mehta sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $388.95, for a total value of $1,555,800.00. Following the transaction, the director owned 7,043 shares of the company’s stock, valued at approximately $2,739,374.85. This represents a 36.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,699 shares of company stock worth $6,316,411 in the last quarter. 0.48% of the stock is currently owned by corporate insiders.
About F5
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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