E Fund Management Co. Ltd. Takes $297,000 Position in F5, Inc. (NASDAQ:FFIV)

E Fund Management Co. Ltd. acquired a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,180 shares of the network technology company's stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Friedenthal Financial purchased a new position in shares of F5 during the fourth quarter valued at approximately $50,000. Smithfield Trust Co bought a new position in F5 in the 4th quarter worth about $57,000. Venturi Wealth Management LLC increased its position in shares of F5 by 79.8% during the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company's stock worth $70,000 after acquiring an additional 142 shares during the period. Global Retirement Partners LLC raised its stake in shares of F5 by 783.3% during the fourth 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 in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of F5 during the third quarter valued at approximately $84,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on FFIV shares. Royal Bank of Canada raised their price objective on F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 29th. Needham & Company LLC raised their price target on F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Morgan Stanley upped their price objective on shares of F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Barclays increased their target price on shares of F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Finally, Evercore ISI upped their price target on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research report on Friday, January 17th. One 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $295.00.

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Insider Buying and Selling

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the transaction, the executive vice president now owns 20,075 shares of the company's stock, valued at $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 is available at this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the transaction, the executive vice president now owns 27,264 shares of the company's stock, valued at $7,915,557.12. This represents a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,060 shares of company stock worth $4,477,083 in the last 90 days. Insiders own 0.52% of the company's stock.

F5 Trading Down 0.0 %

Shares of NASDAQ FFIV traded down $0.13 during midday trading on Friday, reaching $275.63. The company had a trading volume of 547,669 shares, 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 business's 50-day simple moving average is $281.73 and its 200 day simple moving average is $247.97. The stock has a market cap of $15.89 billion, a P/E ratio of 27.40, a P/E/G ratio of 3.85 and a beta of 1.10.

F5 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.