F5, Inc. (NASDAQ:FFIV) Shares Sold by Andra AP fonden

Andra AP fonden lowered its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 31.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 65,800 shares of the network technology company's stock after selling 30,300 shares during the quarter. Andra AP fonden owned 0.11% of F5 worth $16,547,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FFIV. Van ECK Associates Corp increased its position in shares of F5 by 4.6% during the 3rd quarter. Van ECK Associates Corp now owns 25,812 shares of the network technology company's stock valued at $5,560,000 after purchasing an additional 1,127 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of F5 by 10.0% during the 3rd quarter. QRG Capital Management Inc. now owns 4,057 shares of the network technology company's stock valued at $893,000 after purchasing an additional 370 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of F5 by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 90,002 shares of the network technology company's stock valued at $19,818,000 after purchasing an additional 1,614 shares during the last quarter. Olympiad Research LP grew its position in F5 by 27.8% in the 3rd quarter. Olympiad Research LP now owns 1,536 shares of the network technology company's stock valued at $338,000 after acquiring an additional 334 shares during the last quarter. Finally, Covestor Ltd grew its position in F5 by 17.0% in the 3rd quarter. Covestor Ltd now owns 862 shares of the network technology company's stock valued at $190,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

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F5 Price Performance

F5 stock traded down $0.13 during midday trading on Friday, reaching $275.63. The company's stock had a trading volume of 547,669 shares, compared to its average volume of 619,158. The stock's 50-day simple moving average is $281.73 and its 200-day simple moving average is $247.97. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The stock has a market capitalization of $15.89 billion, a P/E ratio of 27.40, a PEG ratio of 3.85 and a beta of 1.10.

Analyst Upgrades and Downgrades

FFIV has been the topic of several research analyst reports. Piper Sandler upped their price objective on F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Needham & Company LLC upped their target price on F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Evercore ISI upped their target price on F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a report on Friday, January 17th. Bank of America upped 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, The Goldman Sachs Group upped their target price on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $295.00.

Insider Buying and Selling at F5

In other news, Director Marianne Budnik sold 728 shares of the 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 transaction, the director now directly owns 1,770 shares of the company's stock, valued at approximately $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the transaction, the executive vice president now directly owns 20,075 shares in the company, valued at $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,060 shares of company stock worth $4,477,083. 0.52% of the stock is owned by insiders.

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.