Asset Management One Co. Ltd. increased its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 18.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 33,063 shares of the network technology company's stock after purchasing an additional 5,062 shares during the period. Asset Management One Co. Ltd. owned 0.06% of F5 worth $8,452,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in FFIV. Allspring Global Investments Holdings LLC lifted its holdings in shares of F5 by 457.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company's stock worth $7,899,000 after buying an additional 25,748 shares in the last quarter. Certuity LLC bought a new stake in F5 during the 4th quarter worth approximately $216,000. Wingate Wealth Advisors Inc. purchased a new stake in F5 in the 4th quarter worth approximately $99,000. Savant Capital LLC boosted its holdings in F5 by 11.8% in the 4th quarter. Savant Capital LLC now owns 1,119 shares of the network technology company's stock valued at $281,000 after purchasing an additional 118 shares during the period. Finally, Moloney Securities Asset Management LLC purchased a new position in shares of F5 during the 4th quarter valued at $615,000. Institutional investors own 90.66% of the company's stock.
F5 Stock Performance
NASDAQ:FFIV traded down $9.04 during mid-day trading on Friday, reaching $295.56. The stock had a trading volume of 467,919 shares, compared to its average volume of 618,104. The stock has a market capitalization of $17.04 billion, a P/E ratio of 29.38, a P/E/G ratio of 3.91 and a beta of 1.06. The firm has a 50 day moving average price of $275.62 and a two-hundred day moving average price of $240.71. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.
F5 declared that its Board of Directors has initiated a stock repurchase program on Monday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network technology company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.
Insider Transactions at F5
In other news, insider Lyra Amber Schramm sold 253 shares of F5 stock in a transaction dated Saturday, February 1st. The stock was 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 in the company, valued at approximately $59,452. The trade was a 55.85 % 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, 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 completion of the sale, the chief executive officer now directly owns 151,247 shares of the company's stock, valued at approximately $45,836,915.82. This trade represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,574 shares of company stock worth $3,455,057. 0.52% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of brokerages recently issued reports on FFIV. JPMorgan Chase & Co. increased their price objective on F5 from $225.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. StockNews.com raised F5 from a "buy" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Bank of America lifted their price target on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. Royal Bank of Canada upped their price objective on shares of F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 29th. Finally, Piper Sandler raised their target price on shares of F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. One equities 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $295.00.
Read Our Latest Stock Analysis on F5
F5 Company Profile
(
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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