BI Asset Management Fondsmaeglerselskab A S Boosts Stake in F5, Inc. (NASDAQ:FFIV)

BI Asset Management Fondsmaeglerselskab A S raised its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 103.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,427 shares of the network technology company's stock after acquiring an additional 2,763 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in F5 were worth $1,365,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in F5 by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock valued at $1,897,154,000 after purchasing an additional 64,261 shares in the last quarter. Geode Capital Management LLC raised its position in shares of F5 by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock valued at $402,536,000 after buying an additional 30,367 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of F5 by 3.1% during the 4th quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company's stock worth $316,814,000 after acquiring an additional 37,354 shares during the last quarter. Norges Bank purchased a new position in F5 in the fourth quarter worth $171,127,000. Finally, Alliancebernstein L.P. increased its stake in F5 by 14.0% in the fourth quarter. Alliancebernstein L.P. now owns 656,231 shares of the network technology company's stock valued at $165,022,000 after acquiring an additional 80,570 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Insider Activity

In other news, CEO Francois Locoh-Donou sold 6,500 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the transaction, the chief executive officer now directly owns 151,247 shares of the company's stock, valued at approximately $45,836,915.82. The trade was a 4.12 % 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, Director Marianne Budnik sold 728 shares of the firm's stock in a transaction on 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 sale, the director now directly owns 1,770 shares of the company's stock, valued at $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,232 shares of company stock valued at $5,310,131. Insiders own 0.52% of the company's stock.

F5 Stock Up 1.6 %

NASDAQ:FFIV opened at $254.77 on Wednesday. The firm has a market capitalization of $14.69 billion, a P/E ratio of 25.33, a P/E/G ratio of 3.85 and a beta of 1.14. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The company has a fifty day moving average of $271.83 and a 200 day moving average of $259.75.

Analyst Ratings Changes

Several brokerages have issued reports on FFIV. Royal Bank of Canada lifted their price target on F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. Barclays boosted their target price on F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Bank of America increased their price target on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. Needham & Company LLC boosted their price objective on shares of F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Finally, Piper Sandler cut their price objective on shares of F5 from $304.00 to $262.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $289.67.

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.

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