PensionDanmark Pensionsforsikringsaktieselskab boosted its position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 423.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,687 shares of the network technology company’s stock after acquiring an additional 7,027 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in F5 were worth $3,613,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of FFIV. Norges Bank acquired a new stake in F5 in the fourth quarter valued at $205,706,000. Jefferies Financial Group Inc. increased its holdings in shares of F5 by 127.0% in 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 acquiring an additional 19,315 shares during the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of F5 during the 1st quarter worth about $6,469,000. William Blair Investment Management LLC acquired a new stake in shares of F5 during the 4th quarter worth about $140,460,000. Finally, Tredje AP fonden lifted its stake in F5 by 98.2% during the fourth 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 last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.
F5 Price Performance
Shares of NASDAQ FFIV opened at $400.23 on Monday. The business has a 50-day moving average price of $403.52 and a 200 day moving average price of $339.26. The stock has a market cap of $22.58 billion, a PE ratio of 31.87, a price-to-earnings-growth 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.
Insider Buying and Selling at F5
In other news, EVP Thomas Dean Fountain sold 1,208 shares of F5 stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $414.63, for a total value of $500,873.04. Following the transaction, the executive vice president directly owned 8,060 shares of the company’s stock, valued at $3,341,917.80. The trade was a 13.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Francois Locoh-Donou sold 3,782 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 146,989 shares in the company, valued at $60,624,143.16. The trade was a 2.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 15,699 shares of company stock valued at $6,316,411. 0.48% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Morgan Stanley upped their price target on F5 from $380.00 to $415.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. Evercore upgraded shares of F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price objective for the company in a research report on Monday, May 18th. Zacks Research cut shares of F5 from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of F5 in a research report on Friday, June 26th. Finally, Bank of America lifted their price target 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 investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $416.62.
Read Our Latest Analysis on FFIV
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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