APG Asset Management N.V. Buys 30,656 Shares of F5, Inc. (NASDAQ:FFIV)

APG Asset Management N.V. grew its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 35.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,581 shares of the network technology company's stock after buying an additional 30,656 shares during the quarter. APG Asset Management N.V. owned approximately 0.20% of F5 worth $28,312,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Crowley Wealth Management Inc. purchased a new stake in F5 in the 4th quarter worth approximately $35,000. Hurley Capital LLC purchased a new stake in shares of F5 in the fourth quarter worth $43,000. Friedenthal Financial bought a new stake in shares of F5 during the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC lifted its stake in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after buying an additional 49 shares in the last quarter. Finally, Smithfield Trust Co bought a new position in F5 in the 4th quarter worth $57,000. Institutional investors own 90.66% of the company's stock.

F5 Price Performance

Shares of F5 stock traded up $1.61 on Monday, reaching $263.29. The company had a trading volume of 94,346 shares, compared to its average volume of 575,774. The firm has a market cap of $15.18 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 3.85 and a beta of 1.14. The firm's 50-day moving average price is $278.77 and its two-hundred day moving average price is $258.12. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Needham & Company LLC upped their price objective on F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Bank of America increased their price objective on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Friday, January 31st. The Goldman Sachs Group boosted their target price on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Morgan Stanley cut their target price on shares of F5 from $310.00 to $269.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Piper Sandler decreased their price target on shares of F5 from $304.00 to $262.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $285.78.

Insider Buying and Selling

In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the sale, the executive vice president now owns 27,264 shares of the company's stock, valued at $7,915,557.12. This trade represents a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the transaction, the chief executive officer now directly owns 148,647 shares in the company, valued at approximately $39,446,454.39. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock worth $5,310,131 over the last three months. 0.52% of the stock is owned by insiders.

F5 Company 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.