Commerzbank Aktiengesellschaft FI bought a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,040 shares of the network technology company's stock, valued at approximately $263,000.
Several other hedge funds have also bought and sold shares of the company. Friedenthal Financial bought a new stake in F5 in the fourth quarter valued at approximately $50,000. Venturi Wealth Management LLC raised its stake in F5 by 79.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company's stock valued at $70,000 after acquiring an additional 142 shares during the period. Global Retirement Partners LLC raised its stake in F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock valued at $80,000 after acquiring an additional 282 shares during the period. Point72 Hong Kong Ltd acquired a new stake in F5 during the 3rd quarter valued at $84,000. Finally, Allworth Financial LP boosted its position in F5 by 1,132.1% during the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company's stock worth $94,000 after purchasing an additional 317 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the sale, the executive vice president now directly owns 20,075 shares of the company's stock, valued at approximately $5,885,588.50. This trade represents a 14.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the company'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 completion of the transaction, the insider now directly 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 15,060 shares of company stock worth $4,477,083 in the last three months. 0.52% of the stock is owned by corporate insiders.
F5 Stock Performance
Shares of F5 stock traded down $0.13 during trading on Friday, reaching $275.63. 547,669 shares of the company's stock were exchanged, compared to its average volume of 619,158. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The company has a market cap of $15.89 billion, a P/E ratio of 27.40, a PEG ratio of 3.85 and a beta of 1.10. The firm's 50-day moving average price is $281.73 and its 200 day moving average price is $247.63.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on FFIV shares. Royal Bank of Canada increased their price objective on shares of F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Needham & Company LLC increased their price target on shares of F5 from $285.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Piper Sandler boosted their price objective on F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. The Goldman Sachs Group upped their target price on F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley lifted their price target on F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $295.00.
Check Out Our Latest Stock Report on FFIV
About F5
(
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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