Arrowstreet Capital Limited Partnership Raises Stock Position in F5, Inc. (NASDAQ:FFIV)

Arrowstreet Capital Limited Partnership boosted its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 598.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 425,275 shares of the network technology company's stock after buying an additional 364,372 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.73% of F5 worth $106,944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in shares of F5 by 4.3% during the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock valued at $214,000 after buying an additional 35 shares in the last quarter. AMG National Trust Bank boosted its position in shares of F5 by 0.5% during the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock valued at $1,987,000 after buying an additional 37 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in F5 by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock worth $404,000 after buying an additional 44 shares in the last quarter. EverSource Wealth Advisors LLC raised its position 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 buying an additional 49 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in F5 by 5.3% during the 4th quarter. HighTower Advisors LLC now owns 966 shares of the network technology company's stock valued at $243,000 after acquiring an additional 49 shares during the period. 90.66% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

FFIV has been the subject of several research reports. Needham & Company LLC boosted their price objective on shares of F5 from $285.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Barclays boosted their target price on shares of F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Royal Bank of Canada upped their price objective on F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their price target on F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group boosted their target price on shares of F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $295.00.

Insider Buying and Selling at F5

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total value of $344,981.00. Following the sale, the chief executive officer now directly owns 148,647 shares in the company, valued at approximately $39,446,454.39. The trade was a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lyra Amber Schramm sold 253 shares of the firm's stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the transaction, the insider now owns 200 shares of the company's stock, valued at $59,452. This represents a 55.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock valued at $5,310,131 in the last three months. 0.52% of the stock is currently owned by corporate insiders.

F5 Stock Down 4.7 %

FFIV stock traded down $11.73 during trading on Friday, reaching $239.25. The company's stock had a trading volume of 725,506 shares, compared to its average volume of 569,659. The company's fifty day moving average is $283.88 and its 200-day moving average is $256.18. The company has a market capitalization of $13.79 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00.

About F5

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.