Sanctuary Advisors LLC bought a new stake in shares of F5, Inc. (NASDAQ:FFIV – Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,995 shares of the network technology company’s stock, valued at approximately $1,246,000.
Several other hedge funds also recently bought and sold shares of FFIV. Hazlett Burt & Watson Inc. purchased a new stake in shares of F5 in the fourth quarter valued at $26,000. Hantz Financial Services Inc. raised its stake in F5 by 109.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Elyxium Wealth LLC acquired a new position in F5 in the 4th quarter valued at about $28,000. SJS Investment Consulting Inc. lifted its holdings in F5 by 963.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 117 shares of the network technology company’s stock valued at $34,000 after purchasing an additional 106 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in F5 by 113.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 124 shares of the network technology company’s stock valued at $36,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.
F5 Price Performance
NASDAQ:FFIV opened at $410.22 on Friday. The business’s 50-day moving average is $404.14 and its two-hundred day moving average is $351.66. The firm has a market capitalization of $23.23 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 3.90 and a beta of 1.03. F5, Inc. has a 12 month low of $223.76 and a 12 month high of $435.00.
Analyst Ratings Changes
A number of equities research analysts have recently commented on FFIV shares. Barclays lifted their price target on shares of F5 from $386.00 to $397.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Morgan Stanley upped their price objective on shares of F5 from $380.00 to $415.00 and gave the company an “equal weight” rating in a research note 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. Needham & Company LLC reaffirmed a “hold” rating on shares of F5 in a research note on Tuesday, July 28th. Finally, Bank of America lifted their target price on shares of F5 from $250.00 to $300.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $416.62.
Get Our Latest Stock Analysis on F5
Insider Buying and Selling
In other news, CEO Francois Locoh-Donou sold 3,782 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 146,989 shares in the company, valued at $60,624,143.16. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Anthony Maddison sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $405.85, for a total value of $405,850.00. Following the sale, the insider owned 1,353 shares of the company’s stock, valued at approximately $549,115.05. This trade represents a 42.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,699 shares of company stock worth $6,316,411 over the last quarter. Company 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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