Tocqueville Asset Management L.P. Grows Position in F5, Inc. (NASDAQ:FFIV)

Tocqueville Asset Management L.P. boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,686 shares of the network technology company’s stock after acquiring an additional 325 shares during the period. Tocqueville Asset Management L.P.’s holdings in F5 were worth $2,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of FFIV. Friedenthal Financial purchased a new position in F5 during the fourth quarter valued at approximately $50,000. EverSource Wealth Advisors LLC increased its holdings in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after acquiring an additional 49 shares during the period. Smithfield Trust Co bought a new position in shares of F5 in the 4th quarter worth $57,000. Global Retirement Partners LLC lifted its stake in shares of F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after purchasing an additional 282 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in F5 during the third quarter valued at about $84,000. Institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FFIV shares. Needham & Company LLC boosted their target price on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. The Goldman Sachs Group increased their target price on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley lifted their price target on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Piper Sandler upped their price target on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Evercore ISI raised their price objective on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $295.00.

Insider Activity at F5

In related news, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the transaction, the chief executive officer now owns 151,247 shares of the company’s stock, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Marianne Budnik sold 728 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now owns 1,770 shares of the company’s stock, valued at $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,932 shares of company stock worth $4,965,150 over the last quarter. Insiders own 0.52% of the company’s stock.

F5 Stock Performance

F5 stock opened at $264.83 on Wednesday. The business’s 50-day simple moving average is $283.16 and its two-hundred day simple moving average is $251.16. The company has a market cap of $15.27 billion, a PE ratio of 26.33, a PEG ratio of 3.85 and a beta of 1.10. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00.

F5 Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.