Alliancebernstein L.P. raised its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 656,231 shares of the network technology company's stock after acquiring an additional 80,570 shares during the quarter. Alliancebernstein L.P. owned approximately 1.13% of F5 worth $165,022,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company's stock valued at $90,090,000 after purchasing an additional 81,005 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of F5 by 457.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company's stock valued at $7,899,000 after buying an additional 25,748 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of F5 by 3.9% during the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company's stock valued at $48,991,000 after buying an additional 7,341 shares in the last quarter. GAMMA Investing LLC grew its position in shares of F5 by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company's stock worth $539,000 after buying an additional 571 shares during the period. Finally, Synergy Asset Management LLC increased its stake in shares of F5 by 100.0% in the 4th quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company's stock worth $525,000 after acquiring an additional 1,112 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on FFIV. The Goldman Sachs Group upped their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Barclays upped their price target on F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Needham & Company LLC lifted their price objective on F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Bank of America boosted their target price on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada raised their price target on F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. One 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $295.00.
View Our Latest Stock Report on FFIV
F5 Price Performance
Shares of F5 stock traded down $11.73 during trading on Friday, hitting $239.25. 725,506 shares of the company's stock traded hands, compared to its average volume of 569,659. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00. The business has a 50-day simple moving average of $283.88 and a 200-day simple moving average of $256.18. The stock has a market capitalization of $13.79 billion, a P/E ratio of 23.78, a PEG ratio of 3.85 and a beta of 1.14.
Insider Buying and Selling at F5
In related news, insider Lyra Amber Schramm sold 253 shares of F5 stock in a transaction on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the sale, the insider now owns 200 shares of the company's stock, valued at $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Marianne Budnik sold 728 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares in the company, valued at $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,232 shares of company stock worth $5,310,131. Company insiders own 0.52% of the company's stock.
F5 Company Profile
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Free Report)
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.
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