Cookson Peirce & Co. Inc. purchased a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 211,603 shares of the network technology company's stock, valued at approximately $53,212,000. F5 accounts for 2.4% of Cookson Peirce & Co. Inc.'s portfolio, making the stock its 10th biggest holding. Cookson Peirce & Co. Inc. owned about 0.36% of F5 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of F5 by 3.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company's stock valued at $1,208,763,000 after acquiring an additional 191,020 shares during the period. State Street Corp increased its holdings in shares of F5 by 0.5% in the 3rd quarter. State Street Corp now owns 3,187,222 shares of the network technology company's stock valued at $701,825,000 after acquiring an additional 16,663 shares during the period. Geode Capital Management LLC increased its holdings in shares of F5 by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company's stock valued at $345,560,000 after acquiring an additional 117,080 shares during the period. JPMorgan Chase & Co. grew its stake in F5 by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company's stock worth $90,090,000 after buying an additional 81,005 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in F5 by 7.7% during the 3rd quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company's stock worth $83,101,000 after buying an additional 27,124 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
FFIV has been the topic of several research analyst reports. Needham & Company LLC boosted their target price on F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group boosted their target price on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Evercore ISI boosted their target price on F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research note on Friday, January 17th. Bank of America boosted their target price on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada boosted their target price on F5 from $260.00 to $310.00 and gave the stock a "sector perform" 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 given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $295.00.
Read Our Latest Report on F5
F5 Price Performance
FFIV traded down $0.13 on Friday, reaching $275.63. 547,669 shares of the stock were exchanged, compared to its average volume of 619,158. The company's 50-day moving average price is $281.33 and its 200 day moving average price is $246.74. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The firm has a market capitalization of $15.89 billion, a PE ratio of 27.40, a PEG ratio of 3.85 and a beta of 1.10.
Insiders Place Their Bets
In other news, EVP Chad Michael Whalen sold 4,093 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the transaction, the executive vice president now owns 27,264 shares of the company's stock, valued at $7,915,557.12. The trade was a 13.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marianne Budnik sold 728 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares of the company's stock, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,060 shares of company stock valued at $4,477,083. 0.52% of the stock is owned by company insiders.
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.
See Also
Before you consider F5, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and F5 wasn't on the list.
While F5 currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
