KLP Kapitalforvaltning AS Buys New Shares in F5, Inc. (NASDAQ:FFIV)

KLP Kapitalforvaltning AS purchased a new stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 86,434 shares of the network technology company's stock, valued at approximately $21,736,000. KLP Kapitalforvaltning AS owned 0.15% of F5 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Friedenthal Financial purchased a new stake in shares of F5 in the fourth quarter worth $50,000. EverSource Wealth Advisors LLC boosted its stake in F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after purchasing an additional 49 shares in the last quarter. Smithfield Trust Co purchased a new stake in F5 during the 4th quarter valued at about $57,000. Global Retirement Partners LLC increased its stake in F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock valued at $80,000 after purchasing an additional 282 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in F5 by 1,132.1% in the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company's stock worth $94,000 after buying an additional 317 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Insiders Place Their Bets

In related news, Director Marianne Budnik sold 1,872 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the transaction, the director now directly owns 1,207 shares of the company's stock, valued at approximately $314,689.04. This trade represents a 60.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 6,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the sale, the chief executive officer now directly owns 151,247 shares of the company's stock, valued at $45,836,915.82. This represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,932 shares of company stock worth $4,965,150. Company insiders own 0.52% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FFIV shares. Piper Sandler raised their price target on shares of F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Morgan Stanley lifted their target price on F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Barclays upped their price target on F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. The Goldman Sachs Group lifted their price objective on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada raised their price target on shares of F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $295.00.

F5 Price Performance

Shares of NASDAQ:FFIV traded down $2.76 during trading on Thursday, hitting $270.08. The company's stock had a trading volume of 356,133 shares, compared to its average volume of 541,763. The company has a 50-day moving average of $284.79 and a 200-day moving average of $253.79. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 12 month low of $159.01 and a 12 month 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.